Is Rustburg, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Rustburg has remained a Seller's Market.
Housing Prices in Rustburg, VA
How much do homes in Rustburg, VA cost?
Median Sold Price
$328,200
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rustburg was $328,200 in April 2024, up 6.2% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $143.4K | $230K | +60.3% |
3 Bedrooms | $285K | $305K | +7.0% |
4 Bedrooms | $365K | $399.9K | +9.6% |
5+ Bedrooms | $434.4K | $775K | +78.4% |
Summary: Rustburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 60.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 78.4%.
Housing Supply in Rustburg, VA
How many homes are available in Rustburg, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 46 | +109.1% |
Summary: The Rustburg real estate market had 46 homes for sale in April 2024, a 109.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 4 | +300.0% |
3 Bedrooms | 12 | 22 | +83.3% |
4 Bedrooms | 8 | 17 | +112.5% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Rustburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 83.3%, 4 bedroom homes increased by 112.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 15 | +87.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Rustburg in April 2024, up by 87.5% month-over-month. Of the 15 sold homes, 47% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Rustburg, VA
How long does it take to sell a home in Rustburg, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 46 Days | +153.9% |
Summary: Homes in Rustburg had an average of 46 days on market in Apr 2024, up by 153.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Rustburg; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.