$819 Closing Credit*
$69,000
1,815 SqFt
3 Beds
•2 Full Baths
Rob Moyer, Listing Office: Door to Door Realty
Is Rutland, NY 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 Buyer's Market.
Key Takeaway
Rutland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rutland, NY
How much do homes in Rutland, NY cost?
Median Sold Price
$245,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,000(-2.0%)
Key Takeaway
Homes in Rutland have sold for 2% less than they did a year ago.
Summary: The median home sold price in Rutland was $245,000 in November 2024, down 2% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $150K | N/A |
| 3 Bedrooms | $217K | $224.2K | +3.3% |
| 4 Bedrooms | $301.2K | $298.3K | -1.0% |
| 5+ Bedrooms | $250K | $403.5K | +61.4% |
Summary: Rutland 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 did not change, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 61.4%.
Housing Supply in Rutland, NY
How many homes are available in Rutland, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Summary: The Rutland real estate market had 18 homes for sale in November 2024, a 5.3% 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
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 increased by 200%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rutland, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Rutland in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Rutland, NY
How long does it take to sell a home in Rutland, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 18 Days | -40.0% |
Summary: Homes in Rutland had an average of 18 days on market in Nov 2024, down by 40% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 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, 2 homes were sold in Rutland; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
