Is Sterling, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Sterling has remained a Seller's Market.
Housing Prices in Sterling, CO
How much do homes in Sterling, CO cost?
Median Sold Price
$245,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sterling was $245,000 in March 2024, up 8.9% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127K | $116K | -8.7% |
2 Bedrooms | $180K | $184.5K | +2.5% |
3 Bedrooms | $225K | $234.5K | +4.2% |
4 Bedrooms | $275K | $286.7K | +4.3% |
5+ Bedrooms | $350K | $405K | +15.7% |
Summary: Sterling housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 15.7%.
Housing Supply in Sterling, CO
How many homes are available in Sterling, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
78 | 82 | +5.1% |
Summary: The Sterling real estate market had 82 homes for sale in March 2024, a 5.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 31 | 31 | 0.0% |
4 Bedrooms | 25 | 28 | +12.0% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Sterling housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 12%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 15 | -11.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Sterling in March 2024, down by 11.8% month-over-month. Of the 15 sold homes, 53% were sold under asking, 20% were sold at asking, and 27% were sold over asking.
Days on Market for Sterling, CO
How long does it take to sell a home in Sterling, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
81 Days | 83 Days | +2.1% |
Summary: Homes in Sterling had an average of 83 days on market in Mar 2024, up by 2.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Sterling; 27% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.