Is Richland County, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Richland County has remained a Seller's Market.
Housing Prices in Richland County, ND
How much do homes in Richland County, ND cost?
Median Sold Price
$215,000
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Richland County was $215,000 in February 2024, up 13.2% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $25K | $180K | +620.0% |
2 Bedrooms | $115.2K | $81.1K | -29.6% |
3 Bedrooms | $192.5K | $199.5K | +3.6% |
4 Bedrooms | $230K | $280K | +21.7% |
5+ Bedrooms | $280K | $307.5K | +9.8% |
Summary: Richland County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 620%, 2 bedroom homes decreased by 29.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Counties
Richland County | $190K | $215K | +13.2% |
Clay County | $244.4K | $263.2K | +7.7% |
Cass County | $295.6K | $302.8K | +2.4% |
Wilkin County | $157.9K | $150K | -5.0% |
Housing Supply in Richland County, ND
How many homes are available in Richland County, ND?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
49 | 50 | +2.0% |
Summary: The Richland County real estate market had 50 homes for sale in February 2024, a 2.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 15 | 18 | +20.0% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Richland County housing inventory by bedroom type for February 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 20%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 10 | +100.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Richland County in February 2024, up by 100.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for Richland County, ND
How long does it take to sell a home in Richland County, ND?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
94 Days | 149 Days | +58.8% |
Summary: Homes in Richland County had an average of 149 days on market in Feb 2024, up by 58.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During February 2024, 10 homes were sold in Richland County; 20% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.