$8,976 Closing Credit*
$755,900
2,916 SqFt
5 Beds
•3 Full Baths, 1 Partial
Celso A Padilla, Listing Office: EXP 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 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, VA
How much do homes in Sterling, VA cost?
Median Sold Price
$620,100
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,935(+7.8%)
Key Takeaway
Homes in Sterling have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Sterling was $620,100 in November 2024, up 7.8% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207.5K | $293.5K | +41.4% |
| 2 Bedrooms | $365K | $399K | +9.3% |
| 3 Bedrooms | $555K | $599.4K | +8.0% |
| 4 Bedrooms | $656.5K | $711K | +8.3% |
| 5+ Bedrooms | $822.5K | $865K | +5.2% |
Summary: Sterling housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.4%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Herndon | $666.8K | $721.2K | +8.2% |
| Dranesville | $1.2M | $1.3M | +8.1% |
| Sterling | $575.1K | $620.1K | +7.8% |
| Sugarland Run | $615K | $660K | +7.3% |
| Potomac | $566.8K | $601.3K | +6.1% |
Housing Supply in Sterling, VA
How many homes are available in Sterling, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 195 | 175 | -10.3% |
Summary: The Sterling real estate market had 175 homes for sale in November 2024, a 10.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 26 | 21 | -19.2% |
| 3 Bedrooms | 86 | 80 | -7.0% |
| 4 Bedrooms | 58 | 46 | -20.7% |
| 5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The Sterling housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 19.2%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 20.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 80 | 65 | -18.8% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sterling, you could pay more than the asking price. 55.4% of homes here sold above asking price last month.
Summary: A total of 65 homes were sold or pending in Sterling in November 2024, down by 18.8% month-over-month. Of the 65 sold homes, 26% were sold under asking, 18% were sold at asking, and 55% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 17 Days | +15.7% |
Summary: Homes in Sterling had an average of 17 days on market in Nov 2024, up by 15.7% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
14 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 November 2024, 65 homes were sold in Sterling; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
