Is Ruther Glen, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Ruther Glen was a Seller's Market.
Key Takeaway
Ruther Glen is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ruther Glen, VA
How much do homes in Ruther Glen, VA cost?
Median Sold Price
$322,966
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ruther Glen have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Ruther Glen was $322,966 in March 2024, down 0.8% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | - | N/A |
| 2 Bedrooms | $251.9K | $255.2K | +1.3% |
| 3 Bedrooms | $305K | $309K | +1.3% |
| 4 Bedrooms | $379.9K | $375K | -1.3% |
| 5+ Bedrooms | $430K | $429.9K | 0% |
Summary: Ruther Glen housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mattaponi | $319K | $344.9K | +8.1% |
| Reedy Church | $270K | $287.5K | +6.5% |
| Madison | $335.7K | $340K | +1.3% |
| Ruther Glen | $325.5K | $322.9K | -0.8% |
| Doswell | $385K | $370K | -3.9% |
Housing Supply in Ruther Glen, VA
How many homes are available in Ruther Glen, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 208 | 219 | +5.3% |
Summary: The Ruther Glen real estate market had 219 homes for sale in March 2024, a 5.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 117 | 124 | +6.0% |
| 4 Bedrooms | 67 | 65 | -3.0% |
| 5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The Ruther Glen housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 29 | +16.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ruther Glen, expect to pay close to the asking price. 37.9% of homes here sold near the asking price last month.
Summary: A total of 29 homes were sold or pending in Ruther Glen in March 2024, up by 16.0% month-over-month. Of the 29 sold homes, 34% were sold under asking, 38% were sold at asking, and 28% were sold over asking.
Days on Market for Ruther Glen, VA
How long does it take to sell a home in Ruther Glen, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 76 Days | 40 Days | -47.2% |
Summary: Homes in Ruther Glen had an average of 40 days on market in Mar 2024, down by 47.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ruther Glen are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 29 homes were sold in Ruther Glen; 52% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. 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. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved