Is Richland County, ND 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, Richland County has remained a Buyer's Market.
Housing Prices in Richland County, ND
How much do homes in Richland County, ND cost?
Median Sold Price
$214,900
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Richland County was $214,900 in March 2024, up 13.1% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $25K | $180K | +620.0% |
2 Bedrooms | $107.9K | $81.1K | -24.8% |
3 Bedrooms | $192.5K | $199.5K | +3.6% |
4 Bedrooms | $245K | $275K | +12.2% |
5+ Bedrooms | $275K | $307.5K | +11.8% |
Summary: Richland County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 620%, 2 bedroom homes decreased by 24.8%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 11.8%.
Median Sold Price Compared To Nearby Counties
Richland County | $190K | $214.9K | +13.1% |
Clay County | $245K | $264.4K | +7.9% |
Cass County | $296.1K | $305K | +3.0% |
Wilkin County | $158K | $152K | -3.8% |
Housing Supply in Richland County, ND
How many homes are available in Richland County, ND?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 42 | -14.3% |
Summary: The Richland County real estate market had 42 homes for sale in March 2024, a 14.3% 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 | 7 | 4 | -42.9% |
3 Bedrooms | 18 | 15 | -16.7% |
4 Bedrooms | 18 | 18 | 0.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Richland County 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 decreased by 42.9%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 2 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Richland County in March 2024, down by 80.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
79 Days | 53 Days | -32.7% |
Summary: Homes in Richland County had an average of 53 days on market in Mar 2024, down by 32.7% 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 County; 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.