$7,944 Closing Credit*
$669,000
2,056 SqFt
3 Beds
•2 Full Baths
Listing Office: eXp Realty
Is New Richland Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, New Richland Township was a Seller's Market.
Key Takeaway
New Richland Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in New Richland Township, MN
How much do homes in New Richland Township, MN cost?
Median Sold Price
$186,500
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$3,500(-1.8%)
Key Takeaway
Homes in New Richland Township have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in New Richland Township was $186,500 in August 2024, down 1.8% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $185K | $170K | -8.1% |
| 3 Bedrooms | $160K | $169.9K | +6.2% |
| 4 Bedrooms | $255K | $329K | +29.0% |
| 5+ Bedrooms | $170K | $327.4K | +92.6% |
Summary: New Richland Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 29%, and 5+ bedroom homes increased by 92.6%.
Median Sold Price Compared To Nearby Cities
| Byron Township | $357.4K | $376.7K | +5.4% |
| New Richland Township | $190K | $186.5K | -1.8% |
| New Richland | $190K | $186.5K | -1.8% |
Housing Supply in New Richland Township, MN
How many homes are available in New Richland Township, MN?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Summary: The New Richland Township real estate market had 12 homes for sale in August 2024, a 50.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The New Richland Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Richland Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in New Richland Township in August 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for New Richland Township, MN
How long does it take to sell a home in New Richland Township, MN?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 44 Days | 21 Days | -51.1% |
Summary: Homes in New Richland Township had an average of 21 days on market in Aug 2024, down by 51.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Richland Township are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 2 homes were sold in New Richland Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
