Is Richland, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Richland was a Buyer's Market.
Key Takeaway
Richland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Richland, NY
How much do homes in Richland, NY cost?
Median Sold Price
$190,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Richland have sold for 30.3% more than they did a year ago.
Summary: The median home sold price in Richland was $190,000 in April 2024, up 30.3% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $35K | $103K | +194.3% |
| 2 Bedrooms | $73.5K | $152.5K | +107.5% |
| 3 Bedrooms | $188K | $199.9K | +6.3% |
| 4 Bedrooms | $159.5K | $208K | +30.4% |
| 5+ Bedrooms | $73K | $200K | +174.0% |
Summary: Richland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 194.3%, 2 bedroom homes increased by 107.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 174%.
Median Sold Price Compared To Nearby Cities
| Richland | $145.8K | $190K | +30.3% |
| Pulaski | $164.3K | $206K | +25.4% |
| Albion | $135K | $155.2K | +15.0% |
Housing Supply in Richland, NY
How many homes are available in Richland, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Richland real estate market had 12 homes for sale in April 2024, a 14.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Richland housing inventory by bedroom type for April 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 remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Richland, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Richland in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Richland, NY
How long does it take to sell a home in Richland, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 33 Days | -35.3% |
Summary: Homes in Richland had an average of 33 days on market in Apr 2024, down by 35.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Richland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Richland; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
