Home Sales Down in New Richmond Real Estate Market

In this week's report, the number of homes sold in the New Richmond market dropped to 11 over the past 30 days. It marked a decrease of 15.4% from last week's report and another period below the monthly average. In comparison, nearby Hudson had 31 sales in the same time frame, the most of all neighboring cities. Potential buyers should note that prices are coming down in New Richmond, and for this period the median sales price slid from $154,400 to $147,600. With decreasing sales and the availability of nine months of inventory, New Richmond is a strong buyer's market.

Still haven't found the right home in New Richmond? One of these new listings could end the search:

$155K   $219K   $219K  

Get started right now by checking out New Richmond homes for sale or reviewing New Richmond real estate trends.

Demographic facts about New Richmond:

  • The population has increased 25.4% over the past decade.
  • The safety rating here is 90. (Scale: 1 = Worst, 100 = Best)
  • The average commute to work for people in this area is 30 minutes.

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Keller Williams Rlty Integrity
Snapped 2 homes in this area
Edina Realty, Inc.
Snapped 2 homes in this area
Edina Realty, Inc.
Snapped 1 home in this area

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