Is Richmond Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Richmond Township has remained a Seller's Market.
Housing Prices in Richmond Township, MN
How much do homes in Richmond Township, MN cost?
Median Sold Price
$329,950
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Richmond Township was $329,950 in March 2024, up 4.7% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $130.7K | -9.8% |
2 Bedrooms | $279K | $257.2K | -7.8% |
3 Bedrooms | $330K | $345K | +4.5% |
4 Bedrooms | $455K | $500K | +9.9% |
5+ Bedrooms | $370K | $285K | -23.0% |
Summary: Richmond Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.8%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 23%.
Median Sold Price Compared To Nearby Cities
Richmond Township | $315K | $329.9K | +4.7% |
Holland | $440K | $444K | +0.9% |
Housing Supply in Richmond Township, MN
How many homes are available in Richmond Township, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 20 | +17.6% |
Summary: The Richmond Township real estate market had 20 homes for sale in March 2024, a 17.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Richmond Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Richmond Township in March 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Richmond Township, MN
How long does it take to sell a home in Richmond Township, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
2 Days | 45 Days | +2175.0% |
Summary: Homes in Richmond Township had an average of 45 days on market in Mar 2024, up by 2175% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Richmond Township; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.