$2,672 Closing Credit*
$225,000
1,950 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Berkshire Hathaway Advantage Real Estate
Is New Richland Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, New Richland Township was a Seller's Market.
Key Takeaway
New Richland Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Richland Township, MN
How much do homes in New Richland Township, MN cost?
Median Sold Price
$182,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$24,950(-12.1%)
Key Takeaway
Homes in New Richland Township have sold for 12.1% less than they did a year ago.
Summary: The median home sold price in New Richland Township was $182,000 in October 2024, down 12.1% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $207.5K | $161.7K | -22.0% |
| 3 Bedrooms | $170K | $164.9K | -3.0% |
| 4 Bedrooms | $267.5K | $261.5K | -2.3% |
| 5+ Bedrooms | $252.5K | $319.9K | +26.7% |
Summary: New Richland Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 26.7%.
Median Sold Price Compared To Nearby Cities
| Byron Township | $349.7K | $376.7K | +7.7% |
| New Richland Township | $206.9K | $182K | -12.1% |
| New Richland | $206.9K | $182K | -12.1% |
Housing Supply in New Richland Township, MN
How many homes are available in New Richland Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Summary: The New Richland Township real estate market had 16 homes for sale in October 2024, a 23.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The New Richland Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Richland Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in New Richland Township in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for New Richland Township, MN
How long does it take to sell a home in New Richland Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 69 Days | 7 Days | -89.9% |
Summary: Homes in New Richland Township had an average of 7 days on market in Oct 2024, down by 89.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Richland Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in New Richland Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
