$150,000
14.00 Acres
Land
Jennifer Lehto, Listing Office: Kazantzis Real Estate, LLC
Is Sterling, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Sterling has remained a Seller's Market.
Key Takeaway
Sterling is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sterling, CT
How much do homes in Sterling, CT cost?
Median Sold Price
$365,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$55,500(+17.9%)
Key Takeaway
Homes in Sterling have sold for 17.9% more than they did a year ago.
Summary: The median home sold price in Sterling was $365,000 in December 2024, up 17.9% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149K | - | N/A |
| 2 Bedrooms | $262.5K | $318K | +21.1% |
| 3 Bedrooms | $319.9K | $365K | +14.1% |
| 4 Bedrooms | $362.5K | $477K | +31.6% |
| 5+ Bedrooms | $335K | $379K | +13.1% |
Summary: Sterling housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Cities
| Sterling | $309.5K | $365K | +17.9% |
| Plainfield | $290K | $320K | +10.3% |
| Moosup | $315K | $325K | +3.2% |
Housing Supply in Sterling, CT
How many homes are available in Sterling, CT?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Summary: The Sterling real estate market had 6 homes for sale in December 2024, a 33.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sterling housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sterling, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Sterling in December 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Sterling, CT
How long does it take to sell a home in Sterling, CT?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sterling are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 3 homes were sold in Sterling; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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