$5,926 Closing Credit*
$499,000
2,419 SqFt
4 Beds
•2 Full Baths
#73312873, Karen Lowe, Listing Office: New England Home Realty
Is Rutland, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, MA
How much do homes in Rutland, MA cost?
Median Sold Price
$487,500
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+6.6%)
Key Takeaway
Homes in Rutland have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Rutland was $487,500 in October 2024, up 6.6% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $150K | 0.0% |
| 2 Bedrooms | $283.7K | $243.1K | -14.3% |
| 3 Bedrooms | $492.5K | $520K | +5.6% |
| 4 Bedrooms | $549K | $610K | +11.1% |
| 5+ Bedrooms | $640K | $783K | +22.3% |
Summary: Rutland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 22.3%.
Median Sold Price Compared To Nearby Cities
| Barre | $368.5K | $405K | +9.9% |
| Jefferson | $407.5K | $441K | +8.2% |
| Rutland | $457.5K | $487.5K | +6.6% |
| Paxton | $469.5K | $500K | +6.5% |
| Holden | $509.9K | $541K | +6.1% |
Housing Supply in Rutland, MA
How many homes are available in Rutland, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 37 | +19.4% |
Summary: The Rutland real estate market had 37 homes for sale in October 2024, a 19.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 9 | +125.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rutland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 125%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rutland, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Rutland in October 2024, the same as the previous month. Of the 10 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 33 Days | +3.9% |
Summary: Homes in Rutland had an average of 33 days on market in Oct 2024, up by 3.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rutland are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Rutland; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
