Maureen Harmonay's Market Report

Sterling, MA 01564

Single-Family Homes

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



Sterling, MA 01564

Thu Mar 28 2024
This week the median list price for Sterling, MA 01564 is $574,950 with the market action index hovering around 60. This is less than last month's market action index of 61. Inventory has increased to 6. 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.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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

Thu Mar 28 2024
This week the median list price for Sterling, MA 01564 is $574,950 with the market action index hovering around 60. This is less than last month's market action index of 61. Inventory has increased to 6. 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.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $574,950
Median Price of New Listings $574,950
Per Square Foot $335
Average Days on Market 68
Median Days on Market 42
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 6
Median Rent
Market Action 60
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$979,900 3,226 1 - 2.5 acres 4 3.5 23 0 0 126
$690,000 2,080 1 - 2.5 acres 4 2.5 36 0 0 56
$574,950 1,661 0.5 - 1 acre 3 1.5 47 2 0 87
$399,500 1,025 0.5 - 1 acre 3 1 63 0 1 24