Is Ruther Glen, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Ruther Glen has remained a Seller's Market.
Housing Prices in Ruther Glen, VA
How much do homes in Ruther Glen, VA cost?
Median Sold Price
$335,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ruther Glen was $335,000 in May 2024, up 7.6% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | - | N/A |
2 Bedrooms | $226.5K | $261.2K | +15.3% |
3 Bedrooms | $299K | $315K | +5.4% |
4 Bedrooms | $369.4K | $397.3K | +7.5% |
5+ Bedrooms | $434.9K | $440K | +1.2% |
Summary: Ruther Glen housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
Mattaponi | $314.9K | $357.4K | +13.5% |
Ruther Glen | $311.4K | $335K | +7.6% |
Madison | $329K | $350K | +6.4% |
Reedy Church | $270K | $285K | +5.6% |
Housing Supply in Ruther Glen, VA
How many homes are available in Ruther Glen, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
129 | 142 | +10.1% |
Summary: The Ruther Glen real estate market had 142 homes for sale in May 2024, a 10.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 76 | 89 | +17.1% |
4 Bedrooms | 36 | 37 | +2.8% |
5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The Ruther Glen housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 27 | -10.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Ruther Glen in May 2024, down by 10.0% month-over-month. Of the 27 sold homes, 26% were sold under asking, 22% were sold at asking, and 52% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 35 Days | -22.0% |
Summary: Homes in Ruther Glen had an average of 35 days on market in May 2024, down by 22% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 27 homes were sold in Ruther Glen; 70% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.