Is Richland, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Richland has remained a Seller's Market.
Key Takeaway
Richland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Richland, PA
How much do homes in Richland, PA cost?
Median Sold Price
$250,900
$200/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Richland have sold for 2.3% less than they did a month ago.
Summary: The median home sold price in Richland was $250,900 in May 2024, down 2.3% from last month, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $259.9K | $250.9K | -3.5% |
| 4 Bedrooms | $241K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Richland housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Richland | $256.7K | $250.9K | -2.3% |
| Richland | $256.7K | $250.9K | -2.3% |
Housing Supply in Richland, PA
How many homes are available in Richland, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Summary: The Richland real estate market had 4 homes for sale in May 2024, a 42.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Richland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Richland, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Richland in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Richland, PA
How long does it take to sell a home in Richland, PA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 259 Days | +1148.2% |
Summary: Homes in Richland had an average of 259 days on market in May 2024, up by 1148.2% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Richland are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 1 homes were sold in Richland; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
