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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rutland is a seller's market

Buyer's
Market

Difference Since October 2023

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

$487,500

$261/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,000(+6.6%)

Key Takeaway

Homes in Rutland have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Rutland was $487,500 in October 2024, up 6.6% from last year, and the median price per square foot was $261.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $150K$150K
0.0%
2 $283.7K$243.1K
-14.3%
3 $492.5K$520K
+5.6%
4 $549K$610K
+11.1%
5+ $640K$783K
+22.3%

Summary: Rutland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 22.3%.

Median Sold Price Compared To Nearby Cities

Barre
+9.9%
Jefferson
+8.2%
Rutland
+6.6%
Paxton
+6.5%
Holden
+6.1%

Housing Supply in Rutland, MA

How many homes are available in Rutland, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3137+19.4%

Summary: The Rutland real estate market had 37 homes for sale in October 2024, a 19.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 49
+125.0%
3 1516
+6.7%
4 1111
0.0%
5+ 11
0.0%

Summary: The Rutland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 125%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
10100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 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 10 homes were sold or pending in Rutland in October 2024, the same as the previous month. Of the 10 sold homes, 20% were sold under asking, 20% 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

Oct 2023Oct 2024CHANGE
32 Days33 Days+3.9%

Summary: Homes in Rutland had an average of 33 days on market in Oct 2024, up by 3.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 10 homes were sold in Rutland; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% 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 10 Days Ago

Newest Listings in Rutland, MA

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