$8,776 Closing Credit*
$739,000
2,046 SqFt
3 Beds
•2 Full Baths
#73312290, The Balestracci Group, Listing Office: Lamacchia Realty, Inc.
Is Sterling, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Sterling was a Neutral 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
$600,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$89,518(+17.5%)
Key Takeaway
Homes in Sterling have sold for 17.5% more than they did a year ago.
Summary: The median home sold price in Sterling was $600,000 in October 2024, up 17.5% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199K | - | N/A |
| 2 Bedrooms | $380K | $386K | +1.6% |
| 3 Bedrooms | $513.8K | $575K | +11.9% |
| 4 Bedrooms | $705K | $733.9K | +4.1% |
| 5+ Bedrooms | $575K | $535K | -7.0% |
Summary: Sterling housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 7%.
Median Sold Price Compared To Nearby Cities
| Lancaster | $492.5K | $587.5K | +19.3% |
| Sterling | $510.4K | $600K | +17.5% |
| Leominster | $403.7K | $437.5K | +8.4% |
| Clinton | $405K | $425K | +4.9% |
| Princeton | $605K | $618K | +2.1% |
Housing Supply in Sterling, MA
How many homes are available in Sterling, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Summary: The Sterling real estate market had 22 homes for sale in October 2024, a 4.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sterling housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sterling, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Sterling in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 21 Days | +162.5% |
Summary: Homes in Sterling had an average of 21 days on market in Oct 2024, up by 162.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were 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 October 2024, 7 homes were sold in Sterling; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
