$300,000
14.00 Acres
Land
Chase A Coughlin, Listing Office: Worth Clark Realty
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 October 2023
At the same time last year, Rutland Charter Township was a Buyer'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
$222/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Rutland Charter Township has remained the same since last year.
Summary: The median home sold price in Rutland Charter Township was $305,000 in October 2024, the same as last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $114.5K | $245K | +113.9% |
| 3 Bedrooms | $295K | $315K | +6.8% |
| 4 Bedrooms | $351.5K | $290K | -17.5% |
| 5+ Bedrooms | $300K | $667.4K | +122.5% |
Summary: Rutland Charter Township 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 increased by 113.9%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes increased by 122.5%.
Median Sold Price Compared To Nearby Cities
| Hastings Charter Township | $226K | $250K | +10.6% |
| Hastings | $228.2K | $250.7K | +9.9% |
| Rutland Charter Township | $305K | $305K | 0.0% |
Housing Supply in Rutland Charter Township, MI
How many homes are available in Rutland Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Summary: The Rutland Charter Township real estate market had 15 homes for sale in October 2024, a 21.1% decrease 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Rutland Charter Township 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 remained the same, 3 bedroom homes decreased by 44.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 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 Rutland Charter Township, 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 Rutland Charter Township in October 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 Rutland Charter Township, MI
How long does it take to sell a home in Rutland Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 52 Days | +426.7% |
Summary: Homes in Rutland Charter Township had an average of 52 days on market in Oct 2024, up by 426.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rutland Charter Township has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Rutland Charter Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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