Is Sterling, CO 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 April 2023

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.

Housing Prices in Sterling, CO

How much do homes in Sterling, CO cost?

Median Sold Price

$239,633

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$5,733(+2.5%)

Key Takeaway

Homes in Sterling have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in Sterling was $239,633 in April 2024, up 2.5% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $127K$116K
-8.7%
2 $178K$190K
+6.7%
3 $229K$232K
+1.3%
4 $289.7K$272K
-6.1%
5+ $350K$400K
+14.3%

Summary: Sterling housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 14.3%.

Housing Supply in Sterling, CO

How many homes are available in Sterling, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7289+23.6%

Summary: The Sterling real estate market had 89 homes for sale in April 2024, a 23.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 02
+100.0%
2 1114
+27.3%
3 2932
+10.3%
4 2229
+31.8%
5+ 1012
+20.0%

Summary: The Sterling housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1418+28.6%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 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. 55.6% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Sterling in April 2024, up by 28.6% month-over-month. Of the 18 sold homes, 56% were sold under asking, 28% were sold at asking, and 17% 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

Apr 2023Apr 2024CHANGE
64 Days117 Days+80.7%

Summary: Homes in Sterling had an average of 117 days on market in Apr 2024, up by 80.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Sterling are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 18 homes were sold in Sterling; 22% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.

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

Report Updated 4 Days Ago

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