Is Ruther Glen, 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, Ruther Glen has remained a Seller's Market.
Key Takeaway
Ruther Glen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ruther Glen, VA
How much do homes in Ruther Glen, VA cost?
Median Sold Price
$326,388
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Ruther Glen has remained the same since last year.
Summary: The median home sold price in Ruther Glen was $326,388 in April 2024, up 0.4% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | - | N/A |
| 2 Bedrooms | $242.2K | $257.5K | +6.3% |
| 3 Bedrooms | $302.5K | $309.9K | +2.5% |
| 4 Bedrooms | $370K | $390K | +5.4% |
| 5+ Bedrooms | $435.9K | $429.9K | -1.4% |
Summary: Ruther Glen 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 6.3%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Reedy Church | $270K | $290K | +7.4% |
| Mattaponi | $334.9K | $352.5K | +5.3% |
| Madison | $335K | $345K | +3.0% |
| Ruther Glen | $325K | $326.3K | 0.4% |
Housing Supply in Ruther Glen, VA
How many homes are available in Ruther Glen, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 122 | 126 | +3.3% |
Summary: The Ruther Glen real estate market had 126 homes for sale in April 2024, a 3.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 71 | 75 | +5.6% |
| 4 Bedrooms | 30 | 35 | +16.7% |
| 5+ Bedrooms | 14 | 11 | -21.4% |
Summary: The Ruther Glen 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 decreased by 28.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 21.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 28 | -9.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ruther Glen, expect to pay close to the asking price. 46.4% of homes here sold near the asking price last month.
Summary: A total of 28 homes were sold or pending in Ruther Glen in April 2024, down by 9.7% month-over-month. Of the 28 sold homes, 18% were sold under asking, 46% were sold at asking, and 36% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 20 Days | -2.0% |
Summary: Homes in Ruther Glen had an average of 20 days on market in Apr 2024, down by 2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ruther Glen are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 28 homes were sold in Ruther Glen; 79% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 4% 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