Is Sterling Ridge, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$647,500
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sterling Ridge was $647,500 in May 2024, down 3.6% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $257.5K | $265K | +2.9% |
3 Bedrooms | $351K | $385K | +9.7% |
4 Bedrooms | $650K | $657.5K | +1.2% |
5+ Bedrooms | $925.6K | $997.5K | +7.8% |
Summary: Sterling Ridge housing prices by bedroom type for May 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 9.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Neighborhoods
Carlton Woods | $1.8M | $2.2M | +16.1% |
Alden Bridge | $473.6K | $478.6K | +1.1% |
Creekside Park | $728.7K | $725K | -0.5% |
Indian Springs | $562.5K | $550K | -2.2% |
Sterling Ridge | $671.4K | $647.5K | -3.6% |
Housing Supply in Sterling Ridge, TX
How many homes are available in Sterling Ridge, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
83 | 99 | +19.3% |
Summary: The Sterling Ridge real estate market had 99 homes for sale in May 2024, a 19.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 21 | 25 | +19.0% |
4 Bedrooms | 28 | 33 | +17.9% |
5+ Bedrooms | 32 | 38 | +18.8% |
Summary: The Sterling Ridge housing inventory by bedroom type for May 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 19%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 38 | +52.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Sterling Ridge in May 2024, up by 52.0% month-over-month. Of the 38 sold homes, 53% were sold under asking, 13% were sold at asking, and 34% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 27 Days | +71.9% |
Summary: Homes in Sterling Ridge had an average of 27 days on market in May 2024, up by 71.9% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 38 homes were sold in Sterling Ridge; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.