$3,088 Closing Credit*
$260,000
2,451 SqFt
4 Beds
•1 Full Bath
Listing Office: eXp Realty
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 November 2023
Since last year, New Richland Township has remained a Seller's Market.
Key Takeaway
New Richland Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Richland Township, MN
How much do homes in New Richland Township, MN cost?
Median Sold Price
$200,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,000(+4.7%)
Key Takeaway
Homes in New Richland Township have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in New Richland Township was $200,000 in November 2024, up 4.7% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $165K | -34.0% |
| 3 Bedrooms | $169.9K | $182K | +7.1% |
| 4 Bedrooms | $267.5K | $293.4K | +9.7% |
| 5+ Bedrooms | $252.5K | $319.9K | +26.7% |
Summary: New Richland Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 34%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 26.7%.
Median Sold Price Compared To Nearby Cities
| New Richland Township | $191K | $200K | +4.7% |
| New Richland | $191K | $200K | +4.7% |
| Byron Township | $376.7K | $369.2K | -2.0% |
Housing Supply in New Richland Township, MN
How many homes are available in New Richland Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The New Richland Township real estate market had 12 homes for sale in November 2024, a 7.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The New Richland Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was 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. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in New Richland Township in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 37 Days | +72.8% |
Summary: Homes in New Richland Township had an average of 37 days on market in Nov 2024, up by 72.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was 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 November 2024, 3 homes were sold in New Richland Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
