$3,919 Closing Credit*
$329,999
2,016 SqFt
3 Beds
•4 Full Baths
Arthur Nathaniel Petrey, 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 October 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 October 2023
+$25,000(+7.7%)
Key Takeaway
Homes in Ruther Glen have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Ruther Glen was $350,000 in October 2024, up 7.7% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | - | N/A |
| 2 Bedrooms | $255K | $261.2K | +2.5% |
| 3 Bedrooms | $307K | $320.2K | +4.3% |
| 4 Bedrooms | $382.4K | $397.3K | +3.9% |
| 5+ Bedrooms | $427.9K | $441K | +3.0% |
Summary: Ruther Glen 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 2.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
| Doswell | $287K | $440K | +53.3% |
| Reedy Church | $275K | $307.5K | +11.8% |
| Ruther Glen | $325K | $350K | +7.7% |
| Madison | $339.9K | $363.9K | +7.1% |
| Mattaponi | $344.9K | $350.9K | +1.7% |
Housing Supply in Ruther Glen, VA
How many homes are available in Ruther Glen, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 118 | 124 | +5.1% |
Summary: The Ruther Glen real estate market had 124 homes for sale in October 2024, a 5.1% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 73 | 74 | +1.4% |
| 4 Bedrooms | 35 | 38 | +8.6% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Ruther Glen 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 increased by 1.4%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 26 | -25.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ruther Glen, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Ruther Glen in October 2024, down by 25.7% month-over-month. Of the 26 sold homes, 23% were sold under asking, 27% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 21 Days | -30.1% |
Summary: Homes in Ruther Glen had an average of 21 days on market in Oct 2024, down by 30.1% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
3 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 October 2024, 26 homes were sold in Ruther Glen; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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