$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 November 2023
Since last year, Richville has remained a Seller'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
$253,550
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$411,450(-61.9%)
Key Takeaway
Homes in Richville have sold for 61.9% less than they did a year ago.
Summary: The median home sold price in Richville was $253,550 in November 2024, down 61.9% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $209.9K | N/A |
| 3 Bedrooms | $500K | $313K | -37.4% |
| 4 Bedrooms | $1.0M | $460K | -56.3% |
| 5+ Bedrooms | $665K | $777K | +16.8% |
Summary: Richville 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 did not change, 3 bedroom homes decreased by 37.4%, 4 bedroom homes decreased by 56.3%, and 5+ bedroom homes increased by 16.8%.
Housing Supply in Richville, MN
How many homes are available in Richville, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 12 | -33.3% |
Summary: The Richville real estate market had 12 homes for sale in November 2024, a 33.3% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Richville 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 decreased by 33.3%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richville, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Richville in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 83 Days | 35 Days | -57.3% |
Summary: Homes in Richville had an average of 35 days on market in Nov 2024, down by 57.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Richville has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Richville; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
