$8,289 Closing Credit*
$698,000
5,260 SqFt
5 Beds
•2 Full Baths
Listing Office: Whitetail Properties Real
Is Richland County, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Richland County was a Seller's Market.
Key Takeaway
Richland County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Richland County, ND
How much do homes in Richland County, ND cost?
Median Sold Price
$250,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$55,000(+28.2%)
Key Takeaway
Homes in Richland County have sold for 28.2% more than they did a year ago.
Summary: The median home sold price in Richland County was $250,000 in November 2024, up 28.2% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | - | N/A |
| 2 Bedrooms | $67K | $174.9K | +161.0% |
| 3 Bedrooms | $204.9K | $225K | +9.8% |
| 4 Bedrooms | $256.9K | $255K | -0.7% |
| 5+ Bedrooms | $210K | $350K | +66.7% |
Summary: Richland County 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 increased by 161%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 66.7%.
Median Sold Price Compared To Nearby Counties
| Richland County | $195K | $250K | +28.2% |
| Traverse County | $84K | $100.5K | +19.6% |
| Cass County | $304.7K | $316.2K | +3.8% |
| Clay County | $262.4K | $265K | +1.0% |
| Wilkin County | $158K | $152.5K | -3.5% |
Housing Supply in Richland County, ND
How many homes are available in Richland County, ND?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 151 | 134 | -11.3% |
Summary: The Richland County real estate market had 134 homes for sale in November 2024, a 11.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 21 | 21 | 0.0% |
| 3 Bedrooms | 67 | 58 | -13.4% |
| 4 Bedrooms | 43 | 37 | -14.0% |
| 5+ Bedrooms | 19 | 17 | -10.5% |
Summary: The Richland County 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 13.4%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richland County, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Richland County in November 2024, down by 31.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for Richland County, ND
How long does it take to sell a home in Richland County, ND?
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Richland County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Richland County; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
