$1,899 Closing Credit*
$159,900
2,396 SqFt
5 Beds
•1 Full Bath, 1 Partial
Teri L Beckwith, Listing Office: Hunt Real Estate ERA
Is Sterling, NY 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 Seller's Market.
Key Takeaway
Sterling is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sterling, NY
How much do homes in Sterling, NY cost?
Median Sold Price
$199,500
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$21,500(-9.7%)
Key Takeaway
Homes in Sterling have sold for 9.7% less than they did a year ago.
Summary: The median home sold price in Sterling was $199,500 in October 2024, down 9.7% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $113.7K | - | N/A |
| 2 Bedrooms | $149K | $189.9K | +27.4% |
| 3 Bedrooms | $239.9K | $199K | -17.0% |
| 4 Bedrooms | $221K | $163.1K | -26.2% |
| 5+ Bedrooms | $255K | $257.5K | +1.0% |
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 27.4%, 3 bedroom homes decreased by 17%, 4 bedroom homes decreased by 26.2%, and 5+ bedroom homes increased by 1%.
Housing Supply in Sterling, NY
How many homes are available in Sterling, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The Sterling real estate market had 10 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sterling, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Sterling in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Sterling, NY
How long does it take to sell a home in Sterling, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 7 Days | -24.3% |
Summary: Homes in Sterling had an average of 7 days on market in Oct 2024, down by 24.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were 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, 1 homes were sold in Sterling; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
