Is Rutland, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Rutland was a Buyer's Market.
Key Takeaway
Rutland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rutland, MA
How much do homes in Rutland, MA cost?
Median Sold Price
$487,500
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rutland have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in Rutland was $487,500 in May 2024, up 14.7% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $150K | -30.2% |
| 2 Bedrooms | $295K | $210K | -28.8% |
| 3 Bedrooms | $455K | $520K | +14.3% |
| 4 Bedrooms | $519K | $585K | +12.7% |
| 5+ Bedrooms | $565K | $720K | +27.4% |
Summary: Rutland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.2%, 2 bedroom homes decreased by 28.8%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 27.4%.
Median Sold Price Compared To Nearby Cities
| Rutland | $425K | $487.5K | +14.7% |
| Holden | $450.5K | $515K | +14.3% |
| Paxton | $429.9K | $482.5K | +12.2% |
| Jefferson | $441K | $407.5K | -7.6% |
Housing Supply in Rutland, MA
How many homes are available in Rutland, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 37 | +8.8% |
Summary: The Rutland real estate market had 37 homes for sale in May 2024, a 8.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Rutland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 14 | +180.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rutland, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Rutland in May 2024, up by 180.0% month-over-month. Of the 14 sold homes, 21% were sold under asking, 29% were sold at asking, and 50% were sold over asking.
Days on Market for Rutland, MA
How long does it take to sell a home in Rutland, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 28 Days | +211.1% |
Summary: Homes in Rutland had an average of 28 days on market in May 2024, up by 211.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rutland are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Rutland; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
