$10,000 Closing Credit*
$1,495,000
3,868 SqFt
4 Beds
•3 Full Baths, 1 Partial
#73319017, Sherri Rogers, Listing Office: Coldwell Banker Realty - Leominster
Is Sterling, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, MA
How much do homes in Sterling, MA cost?
Median Sold Price
$607,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$96,518(+18.9%)
Key Takeaway
Homes in Sterling have sold for 18.9% more than they did a year ago.
Summary: The median home sold price in Sterling was $607,000 in November 2024, up 18.9% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199K | - | N/A |
| 2 Bedrooms | $386K | $410K | +6.2% |
| 3 Bedrooms | $522.4K | $585K | +12.0% |
| 4 Bedrooms | $726K | $729.9K | 0.5% |
| 5+ Bedrooms | $575K | $535K | -7.0% |
Summary: Sterling housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 7%.
Median Sold Price Compared To Nearby Cities
| Lancaster | $490K | $600K | +22.4% |
| Sterling | $510.4K | $607K | +18.9% |
| Leominster | $407K | $436.6K | +7.3% |
| Clinton | $402.5K | $427K | +6.1% |
| Princeton | $675K | $625K | -7.4% |
Housing Supply in Sterling, MA
How many homes are available in Sterling, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 17 | -32.0% |
Summary: The Sterling real estate market had 17 homes for sale in November 2024, a 32.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 9 | 4 | -55.6% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sterling housing inventory by bedroom type for November 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 55.6%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sterling, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Sterling in November 2024, down by 11.1% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Sterling, MA
How long does it take to sell a home in Sterling, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 37 Days | +13.8% |
Summary: Homes in Sterling had an average of 37 days on market in Nov 2024, up by 13.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sterling are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Sterling; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
