$3,248 Closing Credit*
$273,500
1,040 SqFt
3 Beds
•1 Full Bath
Leanne M Pratt, Rachel Mabie, Listing Office: Bellabay Realty LLC
Is Rutland Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Rutland Charter Township has remained a Seller's Market.
Key Takeaway
Rutland Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rutland Charter Township, MI
How much do homes in Rutland Charter Township, MI cost?
Median Sold Price
$305,000
$167/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$45,000(-12.9%)
Key Takeaway
Homes in Rutland Charter Township have sold for 12.9% less than they did a month ago.
Summary: The median home sold price in Rutland Charter Township was $305,000 in November 2024, down 12.9% from last month, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $70K | $230K | +228.6% |
| 3 Bedrooms | $350K | $329.9K | -5.7% |
| 4 Bedrooms | $581K | $296K | -49.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Rutland Charter Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 228.6%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 49.1%, and 5+ bedroom homes did not change.
Housing Supply in Rutland Charter Township, MI
How many homes are available in Rutland Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Summary: The Rutland Charter Township real estate market had 12 homes for sale in November 2024, a 25.0% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Rutland Charter Township 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 decreased by 50%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rutland Charter Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Rutland Charter Township in November 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Rutland Charter Township, MI
How long does it take to sell a home in Rutland Charter Township, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 21 Days | -46.5% |
Summary: Homes in Rutland Charter Township had an average of 21 days on market in Nov 2024, down by 46.5% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rutland Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Rutland Charter Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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