Is Rutland, VT 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 Last Month

Last month, Rutland was a Neutral Market.

Key Takeaway

Rutland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Rutland, VT

How much do homes in Rutland, VT cost?

Median Sold Price

$327,500

$198/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$132,500(+67.9%)

Key Takeaway

Homes in Rutland have sold for 67.9% more than they did a month ago.

Summary: The median home sold price in Rutland was $327,500 in May 2024, up 67.9% from last month, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 $100K-
N/A
2 -$279K
N/A
3 $200K$382.5K
+91.3%
4 $167.5K$315K
+88.1%
5+ --
N/A

Summary: Rutland housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 91.3%, 4 bedroom homes increased by 88.1%, and 5+ bedroom homes did not change.

Housing Supply in Rutland, VT

How many homes are available in Rutland, VT?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3340+21.2%

Summary: The Rutland real estate market had 40 homes for sale in May 2024, a 21.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 21
-50.0%
2 35
+66.7%
3 2021
+5.0%
4 611
+83.3%
5+ 22
0.0%

Summary: The Rutland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
510+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rutland, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Rutland in May 2024, up by 100.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Rutland, VT

We’re sorry, we don't have information for this market at the moment

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

Report Updated 23 Days Ago

Newest Listings in Rutland, VT

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