$5,344 Closing Credit*
$450,000
3,405 SqFt
5 Beds
•3 Full Baths, 1 Partial
Alicia M. Jones, Listing Office: BHHS Ambassador Real Estate
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
$380,000
$176/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$56,100(-12.9%)
Key Takeaway
Homes in Richland VII have sold for 12.9% less than they did a month ago.
Summary: The median home sold price in Richland VII was $380,000 in October 2024, down 12.9% from last month, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $320K | N/A |
| 3 Bedrooms | $290K | $288.4K | -0.5% |
| 4 Bedrooms | $414.5K | $440K | +6.1% |
| 5+ Bedrooms | $485K | $564.8K | +16.5% |
Summary: Richland VII 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 0.5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 16.5%.
Median Sold Price Compared To Nearby Cities
| Richland VIII | $370K | $420K | +13.5% |
| Chicago | $446K | $490K | +9.9% |
| Millard | $378.5K | $331.4K | -12.4% |
| Richland VII | $436.1K | $380K | -12.9% |
Housing Supply in Richland VII, NE
How many homes are available in Richland VII, NE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 71 | +7.6% |
Summary: The Richland VII real estate market had 71 homes for sale in October 2024, a 7.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 28 | 36 | +28.6% |
| 4 Bedrooms | 20 | 22 | +10.0% |
| 5+ Bedrooms | 16 | 11 | -31.3% |
Summary: The Richland VII 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 increased by 28.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 31.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richland VII, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Richland VII in October 2024, up by 23.1% month-over-month. Of the 13 sold homes, 38% were sold under asking, 38% were sold at asking, and 23% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 21 Days | -0.6% |
Summary: Homes in Richland VII had an average of 21 days on market in Oct 2024, down by 0.6% compared to last month.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 16 homes were sold in Richland VII; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% 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.