Is Sterling, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sterling is a seller's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in Sterling, MA cost?

Median Sold Price

$495,000

$263/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$45,000(+10.0%)

Key Takeaway

Homes in Sterling have sold for 10% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $199.9K-
N/A
2 $372.1K$379K
+1.9%
3 $469.9K$500K
+6.4%
4 $548K$650K
+18.6%
5+ $530K$745K
+40.6%

Median Sold Price Compared To Nearby Cities

Sterling
+10.0%
Leominster
+9.9%
Clinton
+7.6%
Princeton
+3.6%
Lancaster
-11.8%

How many homes are available in Sterling, MA?

Number of Homes For Sale

Oct 2022Nov 2022%
3827-28.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 68
+33.3%
3 167
-56.3%
4 1511
-26.7%
5+ 11
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
147-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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.

Average Sale Time

Nov 2021Nov 2022%
15 Days13 Days-16.1%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sterling are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Sterling, MA

Sterling, MA has 27 homes for sale to choose from. Between October 2022 and November 2022, Sterling, MA real estate market has seen decrease in the number of listings by 28.9%. In November 2022 median list price was $495,000 and the average listing age was 13 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 1.9%, prices of 3 bedrooms properties went up by 6.4%, 4 bedrooms properties became 18.6% more expensive, the cost of 5 bedrooms properties went up by 40.6%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes increased by 33.3%, 3 bedrooms homes became 56.3% less available, volume of 4 bedrooms homes went down by 26.7%, number of 5 bedrooms homes remained the same. In November 2022, from all listings sold in Sterling, MA there were more than 2 sold above asking price, over 3 sold below and more than 2 were sold right at the asked price.

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