Is Rutland, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Rutland was a Buyer's Market.
Key Takeaway
Rutland is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Rutland, GA
How much do homes in Rutland, GA cost?
Median Sold Price
$255,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Rutland have sold for 13.7% less than they did a year ago.
Summary: The median home sold price in Rutland was $255,000 in March 2024, down 13.7% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $227K | -9.2% |
| 3 Bedrooms | $227.5K | $240K | +5.5% |
| 4 Bedrooms | $304.9K | $279.5K | -8.3% |
| 5+ Bedrooms | $344.9K | $349.7K | +1.4% |
Summary: Rutland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.2%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Macon | $110K | $178.1K | +62.0% |
| Warner Robins | $195K | $217.5K | +11.6% |
| Macon West | $135K | $146.5K | +8.6% |
| Lizella | $245K | $240K | -2.0% |
| Rutland | $295.5K | $255K | -13.7% |
Housing Supply in Rutland, GA
How many homes are available in Rutland, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 76 | 88 | +15.8% |
Summary: The Rutland real estate market had 88 homes for sale in March 2024, a 15.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 30 | 35 | +16.7% |
| 4 Bedrooms | 36 | 43 | +19.4% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Rutland housing inventory by bedroom type for March 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 16.7%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 15 | +200.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rutland, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Rutland in March 2024, up by 200.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 33% were sold at asking, and 8% were sold over asking.
Days on Market for Rutland, GA
How long does it take to sell a home in Rutland, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 24 Days | -38.1% |
Summary: Homes in Rutland had an average of 24 days on market in Mar 2024, down by 38.1% compared to last year.
Breakdown of Home Sale Times
11 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 Rutland are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in Rutland; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.