Maureen Harmonay's Market Report

Sterling, MA 01564

Single-Family Homes

Coldwell Banker Realty * 978-502-5800 * Maureen.Harmonay@NEMoves.com


Sterling, MA 01564

Tue Dec 24 2024
This week the median list price for Sterling, MA 01564 is $598,900 with the market action index hovering around 37. This is less than last month's market action index of 43. Inventory has decreased to 5. Click here to stay informed with the Sterling market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Sterling, MA 01564

Tue Dec 24 2024
This week the median list price for Sterling, MA 01564 is $598,900 with the market action index hovering around 37. This is less than last month's market action index of 43. Inventory has decreased to 5. Click here to stay informed with the Sterling market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Sterling market.
Median List Price $598,900
Median Price of New Listings $0
Per Square Foot $374
Average Days on Market 67
Median Days on Market 63
Price Decreased 60%
Price Increased 0%
Relisted 20%
Inventory 5
Median Rent
Market Action 37
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,447,000 2,800 2.5 - 5 acres 4 2.5 0 0 0 63
$699,900 2,046 1 - 2.5 acres 3 2 25 0 1 28
$598,900 2,788 0.5 - 1 acre 4 2 72 0 0 147
$420,000 1,096 0.25 - 0.5 acre 2 1 111 0 0 49