$3,325 Closing Credit*
$280,000
2,080 SqFt
4 Beds
•3 Full Baths, 1 Partial
Crystal Victoria Scott, Listing Office: Keller Williams Capital Properties
Is Ruther Glen, VA 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, Ruther Glen has remained a Seller's Market.
Key Takeaway
Ruther Glen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ruther Glen, VA
How much do homes in Ruther Glen, VA cost?
Median Sold Price
$350,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,611(+7.2%)
Key Takeaway
Homes in Ruther Glen have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Ruther Glen was $350,000 in November 2024, up 7.2% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | - | N/A |
| 2 Bedrooms | $252.5K | $276.2K | +9.4% |
| 3 Bedrooms | $307K | $327.9K | +6.8% |
| 4 Bedrooms | $385K | $397.3K | +3.2% |
| 5+ Bedrooms | $427.9K | $441K | +3.0% |
Summary: Ruther Glen 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 increased by 9.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
| Doswell | $352K | $457.5K | +30.0% |
| Reedy Church | $275K | $309K | +12.4% |
| Ruther Glen | $326.3K | $350K | +7.2% |
| Madison | $340.5K | $365K | +7.2% |
| Mattaponi | $342.4K | $351.4K | +2.6% |
Housing Supply in Ruther Glen, VA
How many homes are available in Ruther Glen, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 123 | 122 | -0.8% |
Summary: The Ruther Glen real estate market had 122 homes for sale in November 2024, a 0.8% 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 | 4 | +300.0% |
| 3 Bedrooms | 74 | 69 | -6.8% |
| 4 Bedrooms | 37 | 36 | -2.7% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Ruther Glen 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 300%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 29 | +11.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ruther Glen, expect to pay close to the asking price. 55.2% of homes here sold near the asking price last month.
Summary: A total of 29 homes were sold or pending in Ruther Glen in November 2024, up by 11.5% month-over-month. Of the 29 sold homes, 24% were sold under asking, 55% were sold at asking, and 21% were sold over asking.
Days on Market for Ruther Glen, VA
How long does it take to sell a home in Ruther Glen, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 27 Days | +12.4% |
Summary: Homes in Ruther Glen had an average of 27 days on market in Nov 2024, up by 12.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ruther Glen are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 29 homes were sold in Ruther Glen; 62% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved