Is Rutland, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rutland is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Rutland was a Seller'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, MA

How much do homes in Rutland, MA cost?

Median Sold Price

$457,500

$257/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$33,875(+8.0%)

Key Takeaway

Homes in Rutland have sold for 8% more than they did a year ago.

Summary: The median home sold price in Rutland was $457,500 in February 2024, up 8% from last year, and the median price per square foot was $257.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $155K$143.5K
-7.4%
2 $292.5K$238K
-18.6%
3 $445K$490K
+10.1%
4 $525K$580K
+10.5%
5+ $570K$751.5K
+31.8%

Summary: Rutland housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes decreased by 18.6%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 31.8%.

Median Sold Price Compared To Nearby Cities

Holden
+15.7%
Rutland
+8.0%
Barre
-1.6%

Housing Supply in Rutland, MA

How many homes are available in Rutland, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2634+30.8%

Summary: The Rutland real estate market had 34 homes for sale in February 2024, a 30.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 02
+100.0%
2 108
-20.0%
3 1114
+27.3%
4 49
+125.0%
5+ 11
0.0%

Summary: The Rutland housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 125%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rutland, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Rutland in February 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.

Days on Market for Rutland, MA

How long does it take to sell a home in Rutland, MA?

Average Sale Time

Feb 2023Feb 2024CHANGE
31 Days23 Days-26.1%

Summary: Homes in Rutland had an average of 23 days on market in Feb 2024, down by 26.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rutland are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 5 homes were sold in Rutland; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Rutland, MA

Nearby Markets to Rutland, MA

What housing markets are near Rutland, MA?