$479,900
2,700 SqFt
5 Beds
•3 Full Baths
Caleb L Bailey, Listing Office: Re/Max 1st Olympic
September 2024
Report Updated 15 Days Ago
Is Rustburg, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Rustburg has remained a Seller's Market.
How much do homes in Rustburg, VA cost?
$323,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
Summary: The median home sold price in Rustburg was $323,000 in September 2024, up 12.9% from last year, and the median price per square foot was $182.
# BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $152.9K | $199.5K | +30.4% |
3 Bedrooms | $281.5K | $305K | +8.3% |
4 Bedrooms | $374.9K | $404.9K | +8.0% |
5+ Bedrooms | $555K | $685K | +23.4% |
Summary: Rustburg housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.4%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 23.4%.
How many homes are available in Rustburg, VA?
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
45 | 39 | -13.3% |
Summary: The Rustburg real estate market had 39 homes for sale in September 2024, a 13.3% decrease compared to August 2024.
# BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 36 | 27 | -25.0% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Rustburg housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 50%.
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Rustburg in September 2024, up by 50.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
How long does it take to sell a home in Rustburg, VA?
Sep 2023 | Sep 2024 | CHANGE |
---|---|---|
13 Days | 22 Days | +63.4% |
Summary: Homes in Rustburg had an average of 22 days on market in Sep 2024, up by 63.4% compared to last year.
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During September 2024, 9 homes were sold in Rustburg; 78% of homes were sold within 30 days, 22% 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 15 Days Ago
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MLS Disclaimers and Copyright
Based on information from Lynchburg MLS, and Roanoke Valley Association of Realtors MLS for the period 10/01/2022 - 10/01/2024
Information is provided by the Lynchburg Association of REALTORS®. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2024 Lynchburg Association of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/15/2024, 8:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.
All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The unauthorized retrieval or use of this listing data is prohibited.
All information is deemed reliable but not guaranteed, and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/15/2024, 8:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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