Sterling, IL Home Values & Market Trends
Real estate market trends reflect that there have been 429 transactions over the past year in Sterling. The median value for residential home transactions that occurred over the previous year is $137,305. The number of current listings in Sterling is 281, and the percentage of properties for sale in the city is 281.00%. Sterling, IL currently has 41 properties in foreclosure, 2 bank owned properties, 6 properties headed for auction, and 281 properties for sale.
Sterling, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 61081 | $ 137,305 $ 109/sqft |
Housing Market Summary for Sterling, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $124K | $130.5K | 5.24% |
| Median Sold Price | $137.6K | $139.1K | 1.10% |
| Homes For Sale | 204 | 281 | 37.75% |
| Homes Sold | 129 | 147 | 13.95% |
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, IL
Browse Homes in Sterling, IL
Sterling home values range from $18,363 to $742,355. The median estimated value of a home in Sterling is $137,305. The median list price of a home is 130,000, and the total count of properties in the city is 512.
- Pre-ForeclosurePre-foreclosure homes account for 6.45% of all residential properties in Sterling, IL with 61081 containing 33 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Sterling, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $429,900 in 61081 to the lowest home value of $58,452 in 61081.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Sterling, IL ranges from the highest value of $97,485 in 61081 to the lowest value of $81,276 in 61081. Bank owned homes and properties account for 0.39% of properties in Sterling, IL. There is 1 zips within Sterling, IL; 61081 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions61081 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Sterling, IL. Auction homes and other auction properties account for 1.17% of all properties in Sterling, IL. There is 1 zips within Sterling, IL; of that zips, the median estimated home value for homes going to auction ranges from $174,176 in 61081 to the lowest value of $69,153 in 61081.
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Guide for Sterling, IL
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 […]
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