Is Richland, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Richland was a Buyer's Market.
Housing Prices in Richland, NY
How much do homes in Richland, NY cost?
Median Sold Price
$182,500
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Richland was $182,500 in March 2024, up 25.2% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $25K | $89K | +255.3% |
2 Bedrooms | $92K | $152.5K | +65.8% |
3 Bedrooms | $186K | $194.9K | +4.8% |
4 Bedrooms | $180K | $190K | +5.6% |
5+ Bedrooms | $73K | $202.5K | +177.4% |
Summary: Richland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 255.3%, 2 bedroom homes increased by 65.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 177.4%.
Median Sold Price Compared To Nearby Cities
Richland | $145.8K | $182.5K | +25.2% |
Pulaski | $168.7K | $205K | +21.5% |
Albion | $135K | $155.2K | +15.0% |
Housing Supply in Richland, NY
How many homes are available in Richland, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Summary: The Richland real estate market had 13 homes for sale in March 2024, a 7.1% decrease 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 | 2 | 2 | 0.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Richland 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Richland in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 95 Days | +44.7% |
Summary: Homes in Richland had an average of 95 days on market in Mar 2024, up by 44.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Richland; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.