$5,451 Closing Credit*
$459,000
819 SqFt
3 Beds
•2 Baths
Listing Office: Boll Realty
Is Richville, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Richville was a Buyer's Market.
Key Takeaway
Richville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Richville, MN
How much do homes in Richville, MN cost?
Median Sold Price
$209,900
$275/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$210,400(-50.1%)
Key Takeaway
Homes in Richville have sold for 50.1% less than they did a month ago.
Summary: The median home sold price in Richville was $209,900 in October 2024, down 50.1% from last month, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $209.9K | N/A |
| 3 Bedrooms | $420.3K | $199K | -52.7% |
| 4 Bedrooms | - | $460K | N/A |
| 5+ Bedrooms | - | $777K | N/A |
Summary: Richville housing prices by bedroom type for October 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 decreased by 52.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Richville | $420.3K | $209.9K | -50.1% |
| Rush Lake Township | $766.7K | $217K | -71.7% |
Housing Supply in Richville, MN
How many homes are available in Richville, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The Richville real estate market had 25 homes for sale in October 2024, a 3.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Richville 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 remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Richville, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Richville in October 2024, up by 250.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Richville, MN
How long does it take to sell a home in Richville, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 Days | 77 Days | +6.9% |
Summary: Homes in Richville had an average of 77 days on market in Oct 2024, up by 6.9% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Richville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Richville; 43% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
