$74,900
0.81 Acres
Land
Larry Comerford, Listing Office: Berkshire Hathaway HomeServices Dawson Ford Garbee & Co., REALTORS®-Forest
Is Rustburg, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Rustburg has remained a Seller's Market.
Key Takeaway
Rustburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rustburg, VA
How much do homes in Rustburg, VA cost?
Median Sold Price
$326,500
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$39,500(+13.8%)
Key Takeaway
Homes in Rustburg have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in Rustburg was $326,500 in December 2024, up 13.8% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $174K | $169K | -2.9% |
| 3 Bedrooms | $284.7K | $313K | +9.9% |
| 4 Bedrooms | $350K | $394.6K | +12.8% |
| 5+ Bedrooms | $462.5K | $537.4K | +16.2% |
Summary: Rustburg housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 16.2%.
Housing Supply in Rustburg, VA
How many homes are available in Rustburg, VA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 46 | 43 | -6.5% |
Summary: The Rustburg real estate market had 43 homes for sale in December 2024, a 6.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 29 | 29 | 0.0% |
| 4 Bedrooms | 14 | 9 | -35.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Rustburg housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rustburg, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Rustburg in December 2024, down by 20.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Rustburg, VA
How long does it take to sell a home in Rustburg, VA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 25 Days | 84 Days | +236.0% |
Summary: Homes in Rustburg had an average of 84 days on market in Dec 2024, up by 236% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rustburg are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 8 homes were sold in Rustburg; 63% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
