Is Sterling, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Sterling has remained a Seller's Market.
Housing Prices in Sterling, VA
How much do homes in Sterling, VA cost?
Median Sold Price
$608,854
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Sterling was $608,854 in June 2024, up 9.7% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $259K | $212.5K | -18.0% |
2 Bedrooms | $355K | $390K | +9.9% |
3 Bedrooms | $525K | $576K | +9.7% |
4 Bedrooms | $640K | $676.6K | +5.7% |
5+ Bedrooms | $760.5K | $835K | +9.8% |
Summary: Sterling housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Cities
Sterling | $555K | $608.8K | +9.7% |
Dranesville | $1.1M | $1.2M | +9.3% |
Sugarland Run | $605K | $640K | +5.8% |
Herndon | $657K | $690K | +5.0% |
Potomac | $564.7K | $590K | +4.5% |
Housing Supply in Sterling, VA
How many homes are available in Sterling, VA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
236 | 261 | +10.6% |
Summary: The Sterling real estate market had 261 homes for sale in June 2024, a 10.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 31 | 41 | +32.3% |
3 Bedrooms | 106 | 113 | +6.6% |
4 Bedrooms | 66 | 75 | +13.6% |
5+ Bedrooms | 31 | 30 | -3.2% |
Summary: The Sterling housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 32.3%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 3.2%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
93 | 87 | -6.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Summary: A total of 87 homes were sold or pending in Sterling in June 2024, down by 6.5% month-over-month. Of the 87 sold homes, 21% were sold under asking, 24% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
7 Days | 9 Days | +23.9% |
Summary: Homes in Sterling had an average of 9 days on market in Jun 2024, up by 23.9% compared to last year.
Breakdown of Home Sale Times
83 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 87 homes were sold in Sterling; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.