$5,343 Closing Credit*
$449,900
2,403 SqFt
4 Beds
•3 Full Baths
Jeanine George, Listing Office: Southern Classic Realtors
Is Rutledge, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Rutledge was a Seller's Market.
Key Takeaway
Rutledge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rutledge, GA
How much do homes in Rutledge, GA cost?
Median Sold Price
$492,500
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$74,500(+17.8%)
Key Takeaway
Homes in Rutledge have sold for 17.8% more than they did a year ago.
Summary: The median home sold price in Rutledge was $492,500 in November 2024, up 17.8% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $184K | $268K | +45.7% |
| 3 Bedrooms | $330K | $310K | -6.1% |
| 4 Bedrooms | $437.5K | $750K | +71.4% |
| 5+ Bedrooms | $500K | $925K | +85.0% |
Summary: Rutledge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 45.7%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 85%.
Housing Supply in Rutledge, GA
How many homes are available in Rutledge, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 22 | -18.5% |
Summary: The Rutledge real estate market had 22 homes for sale in November 2024, a 18.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 10 | 5 | -50.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Rutledge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rutledge, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Rutledge in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Rutledge, GA
How long does it take to sell a home in Rutledge, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 234 Days | 76 Days | -67.5% |
Summary: Homes in Rutledge had an average of 76 days on market in Nov 2024, down by 67.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rutledge has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Rutledge; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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