Is Ruther Glen, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ruther Glen is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Ruther Glen was a Seller's Market.

Key Takeaway

Ruther Glen is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Ruther Glen, VA cost?

Median Sold Price

$310,000

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$33,866(+12.3%)

Key Takeaway

Homes in Ruther Glen have sold for 12.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $175K-
N/A
2 $277K$232K
-16.2%
3 $259.9K$295K
+13.5%
4 $340K$384K
+12.9%
5+ $389.9K$431K
+10.5%

Median Sold Price Compared To Nearby Cities

Madison
+15.7%
Ruther Glen
+12.3%
Mattaponi
+4.3%
Reedy Church
0.0%
Doswell
-15.0%

How many homes are available in Ruther Glen, VA?

Number of Homes For Sale

Oct 2022Nov 2022%
166158-4.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 78
+14.3%
3 10097
-3.0%
4 5146
-9.8%
5+ 87
-12.5%

Number of Homes Sold

Oct 2022Nov 2022%
3623-36.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ruther Glen, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
22 Days29 Days+28.0%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ruther Glen are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Ruther Glen, VA

Number of homes for sale in Ruther Glen, VA real estate market have reached 158. The number of listings in Ruther Glen, VA decreased by 4.8% between October 2022 and November 2022. Listings spent 29 days on the market in November 2022, and had a median list price of $310,000 during the same period. This housing market listing prices have changed between October 2022 and November 2022: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went down by 16.2%, 3 bedrooms properties became 13.5% more expensive, prices of 4 bedrooms properties went up by 12.9%, prices of 5 bedrooms properties increased by 10.5%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went up by 14.3%, number of 3 bedrooms homes decreased by 3%, 4 bedrooms homes became 9.8% less available, volume of 5 bedrooms homes went down by 12.5%. Ruther Glen, VA housing market in November 2022 saw over 7 listings sold above listed price, more than 6 sold at listed price and over 10 sold below.

Related Housing Market Reports