$7,718 Closing Credit*
$649,900
2,214 SqFt
4 Beds
•3 Full Baths, 1 Partial
#73320231, Raymond Boutin, Listing Office: RE/MAX Innovative Properties
Is Rutland, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$490,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,245(+5.0%)
Key Takeaway
Homes in Rutland have sold for 5% more than they did a year ago.
Summary: The median home sold price in Rutland was $490,000 in November 2024, up 5% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $157.5K | +16.7% |
| 2 Bedrooms | $272.5K | $295K | +8.3% |
| 3 Bedrooms | $492.5K | $518.5K | +5.3% |
| 4 Bedrooms | $570K | $629K | +10.4% |
| 5+ Bedrooms | $640K | $706.5K | +10.4% |
Summary: Rutland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Cities
| Barre | $361K | $405K | +12.2% |
| Paxton | $474.5K | $525K | +10.6% |
| Holden | $507.5K | $534.9K | +5.4% |
| Rutland | $466.7K | $490K | +5.0% |
Housing Supply in Rutland, MA
How many homes are available in Rutland, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 32 | -15.8% |
Summary: The Rutland real estate market had 32 homes for sale in November 2024, a 15.8% 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 | 9 | 7 | -22.2% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rutland 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 decreased by 22.2%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was 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. 85.7% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Rutland in November 2024, down by 36.4% month-over-month. Of the 7 sold homes, 0% were sold under asking, 14% were sold at asking, and 86% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 75 Days | 28 Days | -62.1% |
Summary: Homes in Rutland had an average of 28 days on market in Nov 2024, down by 62.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 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 November 2024, 7 homes were sold in Rutland; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
