Is Sterling, MA 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, MA
How much do homes in Sterling, MA cost?
Median Sold Price
$558,696
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sterling was $558,696 in March 2024, up 12.6% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $199K | - | N/A |
2 Bedrooms | $439K | $391K | -10.9% |
3 Bedrooms | $490K | $558.6K | +14.0% |
4 Bedrooms | $650K | $725K | +11.5% |
5+ Bedrooms | $745K | $535K | -28.2% |
Summary: Sterling housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.9%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 28.2%.
Median Sold Price Compared To Nearby Cities
Princeton | $500K | $647.4K | +29.5% |
Sterling | $496.2K | $558.6K | +12.6% |
Leominster | $392.6K | $416.6K | +6.1% |
Lancaster | $470K | $497.4K | +5.8% |
Clinton | $395K | $400K | +1.3% |
Housing Supply in Sterling, MA
How many homes are available in Sterling, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 17 | +13.3% |
Summary: The Sterling real estate market had 17 homes for sale in March 2024, a 13.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sterling housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Sterling in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Sterling, MA
How long does it take to sell a home in Sterling, MA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 29 Days | -24.7% |
Summary: Homes in Sterling had an average of 29 days on market in Mar 2024, down by 24.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Sterling; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.