Is Rutland, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Rutland has remained a Seller'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, GA
How much do homes in Rutland, GA cost?
Median Sold Price
$255,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rutland have sold for 10.9% less than they did a year ago.
Summary: The median home sold price in Rutland was $255,000 in May 2024, down 10.9% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $170K | -32.0% |
| 3 Bedrooms | $240K | $240K | 0.0% |
| 4 Bedrooms | $294K | $279.6K | -4.9% |
| 5+ Bedrooms | $332.4K | $319.2K | -4.0% |
Summary: Rutland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 32%, 3 bedroom homes did not change, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
| Macon | $160.2K | $181.9K | +13.5% |
| Macon West | $139K | $154.8K | +11.4% |
| Lizella | $232.9K | $247.6K | +6.3% |
| Warner Robins | $220K | $223.7K | +1.7% |
| Rutland | $286.1K | $255K | -10.9% |
Housing Supply in Rutland, GA
How many homes are available in Rutland, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 82 | 91 | +11.0% |
Summary: The Rutland real estate market had 91 homes for sale in May 2024, a 11.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 26 | 30 | +15.4% |
| 4 Bedrooms | 45 | 49 | +8.9% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
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 remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 19 | +90.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rutland, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 19 homes were sold or pending in Rutland in May 2024, up by 90.0% month-over-month. Of the 18 sold homes, 39% were sold under asking, 50% were sold at asking, and 11% were sold over asking.
Days on Market for Rutland, GA
How long does it take to sell a home in Rutland, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 58 Days | +84.9% |
Summary: Homes in Rutland had an average of 58 days on market in May 2024, up by 84.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 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, 19 homes were sold in Rutland; 47% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.