Is Rutland, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Rutland was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $143.5K | -7.4% |
2 Bedrooms | $292.5K | $238K | -18.6% |
3 Bedrooms | $445K | $490K | +10.1% |
4 Bedrooms | $525K | $580K | +10.5% |
5+ Bedrooms | $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 | $445K | $515K | +15.7% |
Rutland | $423.6K | $457.5K | +8.0% |
Barre | $381K | $375K | -1.6% |
Housing Supply in Rutland, MA
How many homes are available in Rutland, MA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
26 | 34 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 10 | 8 | -20.0% |
3 Bedrooms | 11 | 14 | +27.3% |
4 Bedrooms | 4 | 9 | +125.0% |
5+ Bedrooms | 1 | 1 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 5 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
31 Days | 23 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
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.