Sterling Heights, MI Home Values & Market Trends
Real estate market trends reflect that there have been 1,454 transactions over the past year in Sterling Heights. The median value for residential home transactions that occurred over the previous year is $324,395. The number of current listings in Sterling Heights is 2,100, and the percentage of properties for sale in the city is 2100.00%. Sterling Heights, MI currently has 55 properties in foreclosure, 5 bank owned properties, 50 properties headed for auction, and 2,100 properties for sale.
Sterling Heights, MI Real Estate Market Overview
Housing Market Summary for Sterling Heights, MI
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $324.9K | $324.9K | - |
| Median Sold Price | $338.1K | $293.3K | -13.25% |
| Homes For Sale | 1,225 | 2,064 | 68.49% |
| Homes Sold | 1,004 | 557 | -44.52% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Sterling Heights, MI
Browse Homes in Sterling Heights, MI
Sterling Heights home values range from $64,907 to $1,257,430. The median estimated value of a home in Sterling Heights is $324,395. The median list price of a home is 324,900, and the total count of properties in the city is 2,761.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Sterling Heights, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 4 zips within Sterling Heights, MI; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Sterling Heights, MI ranges from the highest value of $311,868 in 48313 to the lowest value of $259,197 in 48312. Bank owned homes and properties account for 0.18% of properties in Sterling Heights, MI. There are 4 zips within Sterling Heights, MI; 48312 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48310 has 16 auction properties, the highest number of properties going to auction in a single zip in the state of Sterling Heights, MI. Auction homes and other auction properties account for 1.81% of all properties in Sterling Heights, MI. There are 4 zips within Sterling Heights, MI; of those zips, the median estimated home value for homes going to auction ranges from $417,056 in 48310 to the lowest value of $150,832 in 48310.
Compare Nearby Cities
More Real Estate Resources for Sterling Heights, MI
Guide for Sterling Heights, MI
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.