Is Sterling, NY 13156 a buyer’s or seller’s market?
Sterling is a seller’s market. With about 2.1 months of supply and 83% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Sterling housing market right now
In the three months ending August 31, 2026, 83% of homes in Sterling, NY 13156 sold above their list price, the typical home went under contract in 10 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 50%, homes sold faster (19 days then) and the median sale price fell 52% to $260,387. Overall, Sterling is more competitive than a year ago, so tougher for buyers.
Within Cayuga County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Scipio Center 13147 (0% sold over asking) or Martville 13111 (0% sold over asking).
Run the numbers for 13156
Nearby markets
Auburn 13021Balanced $144 /sq ftAurora 13026Seller’s market $195 /sq ftCato 13033Seller’s market $140 /sq ftCayuga 13034Balanced $380 /sq ft Browse all markets →Towns like Sterling nearby
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Questions about Sterling real estate
Is Sterling a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Sterling, NY 13156 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Sterling?
The typical home went under contract in 10 days in the latest three months.
Do homes in Sterling sell over asking?
83% of homes sold above their original list price, and the typical sale closed at 105.9% of the list price.
What are property taxes in Sterling?
About 2.19% of a home’s value a year in Cayuga County, or roughly $8,760 on a $400,000 home.
What is the median home price in Sterling?
The median sale price was $260,387 in the three months ending August 31, 2026, about $168 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology