Is Rutland, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Rutland has remained a Seller's Market.
Key Takeaway
Rutland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rutland, MA
How much do homes in Rutland, MA cost?
Median Sold Price
$463,377
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Rutland have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Rutland was $463,377 in November 2023, up 7.8% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177.5K | $135K | -23.9% |
| 2 Bedrooms | $305K | $272.5K | -10.7% |
| 3 Bedrooms | $478K | $492.5K | +3.0% |
| 4 Bedrooms | $519K | $570K | +9.8% |
| 5+ Bedrooms | $600K | $640K | +6.7% |
Summary: Rutland housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 23.9%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
| Holden | $442.5K | $507.5K | +14.7% |
| Paxton | $423K | $475K | +12.3% |
| Rutland | $430K | $463.3K | +7.8% |
| Barre | $366.2K | $361K | -1.4% |
| Jefferson | $432K | $415K | -3.9% |
Housing Supply in Rutland, MA
How many homes are available in Rutland, MA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Summary: The Rutland real estate market had 28 homes for sale in November 2023, the same as October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rutland housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rutland, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Rutland in November 2023, up by 50.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 19 Days | 25 Days | +28.5% |
Summary: Homes in Rutland had an average of 25 days on market in Nov 2023, up by 28.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 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 November 2023, 9 homes were sold in Rutland; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
