Is Richland County, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Richland County was a Seller's Market.
Key Takeaway
Richland County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Richland County, ND
How much do homes in Richland County, ND cost?
Median Sold Price
$218,500
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Richland County have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Richland County was $218,500 in April 2024, up 5.9% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $25K | $180K | +620.0% |
| 2 Bedrooms | $107.9K | $92.5K | -14.3% |
| 3 Bedrooms | $200K | $207.9K | +4.0% |
| 4 Bedrooms | $239K | $269.9K | +12.9% |
| 5+ Bedrooms | $272.5K | $445K | +63.3% |
Summary: Richland County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 620%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 63.3%.
Median Sold Price Compared To Nearby Counties
| Richland County | $206.2K | $218.5K | +5.9% |
| Clay County | $249.5K | $260K | +4.2% |
| Cass County | $299.9K | $304.2K | +1.4% |
| Wilkin County | $158K | $147.5K | -6.6% |
| Traverse County | $84K | $65.7K | -21.7% |
Housing Supply in Richland County, ND
How many homes are available in Richland County, ND?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 62 | 77 | +24.2% |
Summary: The Richland County real estate market had 77 homes for sale in April 2024, a 24.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 24 | 30 | +25.0% |
| 4 Bedrooms | 24 | 33 | +37.5% |
| 5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The Richland County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richland County, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Richland County in April 2024, up by 37.5% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for Richland County, ND
How long does it take to sell a home in Richland County, ND?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Richland County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Richland County; 9% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
