Is New Richland, MN 56072 a buyer’s or seller’s market?
New Richland is a seller’s market. With about 2.1 months of supply and 29% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Competition score61/ 100
More competitive than 63% of U.S. ZIP codes, and #194 of 307 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
Months of supply2.1Under 4 months = seller’s market
Sold above original list28.6%Share of sales, last 3 months
Median sale-to-list96.5%Sold price ÷ list price
Median days on market31Listing to accepted offer
Median price per sq ft$142▼ −25.5% vs. last year
Run the numbers for 56072
Nearby markets
Janesville 56048Seller’s market $159 /sq ftWaldorf 56091Seller’s market $108 /sq ftWaseca 56093Seller’s market $144 /sq ft Browse all markets →More tools for 56072
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology