$7,089 Closing Credit*
$596,999
1,552 SqFt
3 Beds
•2 Full Baths, 1 Partial
Vicki M Benson, Listing Office: Pearson Smith Realty, LLC
Is Sterling, VA 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, VA
How much do homes in Sterling, VA cost?
Median Sold Price
$624,467
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$48,524(+8.4%)
Key Takeaway
Homes in Sterling have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Sterling was $624,467 in December 2024, up 8.4% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207.5K | $306K | +47.5% |
| 2 Bedrooms | $370K | $398.9K | +7.8% |
| 3 Bedrooms | $555K | $599.9K | +8.1% |
| 4 Bedrooms | $650K | $712.4K | +9.6% |
| 5+ Bedrooms | $797.7K | $865K | +8.4% |
Summary: Sterling housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.5%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
| Dranesville | $1.2M | $1.3M | +10.0% |
| Sugarland Run | $612.6K | $672.5K | +9.8% |
| Herndon | $665.7K | $726.5K | +9.1% |
| Sterling | $575.9K | $624.4K | +8.4% |
| Potomac | $575K | $599.3K | +4.2% |
Housing Supply in Sterling, VA
How many homes are available in Sterling, VA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 158 | 139 | -12.0% |
Summary: The Sterling real estate market had 139 homes for sale in December 2024, a 12.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 15 | 21 | +40.0% |
| 3 Bedrooms | 75 | 66 | -12.0% |
| 4 Bedrooms | 45 | 35 | -22.2% |
| 5+ Bedrooms | 20 | 15 | -25.0% |
Summary: The Sterling housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 12%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 66 | 63 | -4.5% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sterling, you could pay more than the asking price. 41.3% of homes here sold above asking price last month.
Summary: A total of 63 homes were sold or pending in Sterling in December 2024, down by 4.5% month-over-month. Of the 63 sold homes, 30% were sold under asking, 29% were sold at asking, and 41% were sold over asking.
Days on Market for Sterling, VA
How long does it take to sell a home in Sterling, VA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 13 Days | 22 Days | +69.0% |
Summary: Homes in Sterling had an average of 22 days on market in Dec 2024, up by 69% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 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, 63 homes were sold in Sterling; 76% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
