$5,106 Closing Credit*
$430,000
3,086 SqFt
5 Beds
•3 Full Baths, 1 Partial
Marcus A. Brown, Listing Office: Nebraska Realty
Is Richland VII, NE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Richland VII has remained a Seller's Market.
Key Takeaway
Richland VII is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Richland VII, NE
How much do homes in Richland VII, NE cost?
Median Sold Price
$372,500
$181/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$12,500(-3.2%)
Key Takeaway
Homes in Richland VII have sold for 3.2% less than they did a month ago.
Summary: The median home sold price in Richland VII was $372,500 in November 2024, down 3.2% from last month, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320K | - | N/A |
| 3 Bedrooms | $290K | $361.2K | +24.6% |
| 4 Bedrooms | $412.5K | $442.5K | +7.3% |
| 5+ Bedrooms | $564.8K | $599.2K | +6.1% |
Summary: Richland VII housing prices by bedroom type for November 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 increased by 24.6%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Cities
| Richland VI | $238K | $304K | +27.7% |
| Chicago | $485.6K | $540K | +11.2% |
| Richland VII | $385K | $372.5K | -3.2% |
| Millard | $362.5K | $344.9K | -4.9% |
| Richland VIII | $410K | $373.6K | -8.9% |
Housing Supply in Richland VII, NE
How many homes are available in Richland VII, NE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 72 | 64 | -11.1% |
Summary: The Richland VII real estate market had 64 homes for sale in November 2024, a 11.1% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 37 | 35 | -5.4% |
| 4 Bedrooms | 22 | 16 | -27.3% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Richland VII 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 decreased by 50%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Richland VII, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Richland VII in November 2024, down by 25.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% were sold over asking.
Days on Market for Richland VII, NE
How long does it take to sell a home in Richland VII, NE?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 57 Days | +78.2% |
Summary: Homes in Richland VII had an average of 57 days on market in Nov 2024, up by 78.2% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Richland VII are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Richland VII; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.