Is Sterling Ridge, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sterling Ridge has remained a Seller's Market.
Housing Prices in Sterling Ridge, TX
How much do homes in Sterling Ridge, TX cost?
Median Sold Price
$670,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sterling Ridge was $670,000 in April 2024, up 2.8% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $260K | $267.5K | +2.9% |
3 Bedrooms | $350.2K | $382.5K | +9.2% |
4 Bedrooms | $644.9K | $675K | +4.7% |
5+ Bedrooms | $945K | $985K | +4.2% |
Summary: Sterling Ridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Neighborhoods
Carlton Woods | $1.8M | $2.3M | +24.0% |
Sterling Ridge | $651.5K | $670K | +2.8% |
Indian Springs | $560K | $562.5K | 0.4% |
Creekside Park | $727.5K | $720K | -1.0% |
Alden Bridge | $475.2K | $465.5K | -2.1% |
Housing Supply in Sterling Ridge, TX
How many homes are available in Sterling Ridge, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 85 | +34.9% |
Summary: The Sterling Ridge real estate market had 85 homes for sale in April 2024, a 34.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 16 | 22 | +37.5% |
4 Bedrooms | 15 | 26 | +73.3% |
5+ Bedrooms | 29 | 35 | +20.7% |
Summary: The Sterling Ridge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 73.3%, and 5+ bedroom homes increased by 20.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 25 | +66.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Sterling Ridge in April 2024, up by 66.7% month-over-month. Of the 25 sold homes, 56% were sold under asking, 12% were sold at asking, and 32% were sold over asking.
Days on Market for Sterling Ridge, TX
How long does it take to sell a home in Sterling Ridge, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 23 Days | +10.9% |
Summary: Homes in Sterling Ridge had an average of 23 days on market in Apr 2024, up by 10.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Sterling Ridge; 68% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.