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.
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
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
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
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.