Is Sterling Heights, MI 48314 a buyer’s or seller’s market?
Sterling Heights is a seller’s market. With about 2.5 months of supply and 49% 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.
More competitive than 84% of U.S. ZIP codes, and #103 of 510 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Sterling Heights housing market right now
In the three months ending August 31, 2026, 49% of homes in Sterling Heights, MI 48314 sold above their list price, the typical home went under contract in 12 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 71 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 42%, homes sold faster (15 days then) and the median sale price fell 8% to $333,356. Overall, Sterling Heights is more competitive than a year ago, so tougher for buyers.
Within Macomb County, homes here sell faster, and more often over asking, than in any other ZIP code in the county. On our competition score, Sterling Heights ranks #103 of 510 MI ZIP codes with enough sales (score 78 out of 100).
Nearby, buyers who want less competition could look at New Haven 48050 (0% sold over asking) or Romeo 48065 (17% sold over asking).
Run the numbers for 48314
Nearby markets
Armada 48005Seller’s market $181 /sq ftCenter Line 48015Seller’s market $142 /sq ftClinton Township 48035Seller’s market $160 /sq ftClinton Township 48036Seller’s market $137 /sq ft Browse all markets →Towns like Sterling Heights nearby
Find towns like Sterling Heights in other states →Where Sterling Heights is
Loading map…
Questions about Sterling Heights real estate
Is Sterling Heights a buyer’s or seller’s market?
A seller’s market: there were 2.5 months of supply in Sterling Heights, MI 48314 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 Heights?
The typical home went under contract in 12 days in the latest three months.
Do homes in Sterling Heights sell over asking?
49% of homes sold above their original list price, and the typical sale closed at 99.3% of the list price.
What are property taxes in Sterling Heights?
About 1.40% of a home’s value a year in Macomb County, or roughly $5,600 on a $400,000 home.
What is the median home price in Sterling Heights?
The median sale price was $333,356 in the three months ending August 31, 2026, about $182 per square foot.
Local agents
See all agents in 48314 →No sponsored agents in 48314 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 48314
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology