$4,749 Closing Credit*
$399,900
3,832 SqFt
3 Beds
•3 Full Baths, 1 Partial
Jill Rufus, Listing Office: eXp Realty LLC-Fredericksburg
Is Rustburg, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Rustburg was a Buyer'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
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,800(+14.7%)
Key Takeaway
Homes in Rustburg have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in Rustburg was $326,500 in November 2024, up 14.7% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $172K | $169K | -1.7% |
| 3 Bedrooms | $279.9K | $313K | +11.8% |
| 4 Bedrooms | $350K | $394.6K | +12.8% |
| 5+ Bedrooms | $555K | $685K | +23.4% |
Summary: Rustburg 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 decreased by 1.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 23.4%.
Housing Supply in Rustburg, VA
How many homes are available in Rustburg, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 47 | +11.9% |
Summary: The Rustburg real estate market had 47 homes for sale in November 2024, a 11.9% increase 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 28 | 28 | 0.0% |
| 4 Bedrooms | 12 | 16 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Rustburg 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 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. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Rustburg in November 2024, up by 50.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 54 Days | +7.6% |
Summary: Homes in Rustburg had an average of 54 days on market in Nov 2024, up by 7.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was 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 November 2024, 9 homes were sold in Rustburg; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
