rutland DETACHED - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 16.4 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 17% VS 2023
▲ 13% VS 2023
▲ 35% VS 2023
▲ 13% VS 2023
There were 148 detached listings in Rutland in September, 5% below August and 35% higher than September 2023. September detached home sales decreased by 47% month-over-month, to 9, and were 13% above September 2023. The months of inventory for detached in Rutland, at 16.4, re)ected a buyers' market.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change 17% 13% 20% 13% 35%
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$885,600 $835,000 16.4 9 148
$753,927 $742,000 13.8 8 110
$860,224 $810,000 9.1 17 155
3% 3% 80% -47% -5%
The detached median price in September was $835,000, a 3% increase from August and 13% above September 2023.
The average sold price was $885,600, 3% above last month and up 17% to September 2023.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
35
166
163
148
136
155
148
114
110
94
104
26
100
25
84
82
22
19
17
14
14
13
13
6
20
9
8
16
17
$890K
$869K
$833K
$835K
$821K
$818K
$816K
$810K
$803K
$804K
$800K
$780K
$742K
Sep-23
Aug-24
Sep-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
50
24+
40
19.0
30
12.8
20
7.7
10
0
N/A
<$600K
$600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M+
MOI INVENTORY SALES
0 1 n/a
3 23 7.7
4 51 12.8
1 19 19.0
1 29 29.0
0 9 n/a
0 7 n/a
0 4 n/a
0 1 n/a
0 4 n/a
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of October 9, 2024. All data from Association of Interior Realtors & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 37 ●
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