Is Richmond, MN 56368 a buyer’s or seller’s market?
Richmond is a seller’s market. With about 2.2 months of supply and 19% 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 score57/ 100
More competitive than 58% of U.S. ZIP codes, and #216 of 296 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 August 31, 2026. See the breakdown
Months of supply2.2Under 4 months = seller’s market
Sold above original list19.2%Share of sales, last 3 months
Median sale-to-list98.8%Sold price ÷ list price
Median days on market32Listing to accepted offer
Median price per sq ft$254▲ +18.3% vs. last year
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Nearby markets
Albany 56307Seller’s market $179 /sq ftAvon 56310Balanced $180 /sq ftBelgrade 56312Seller’s market $177 /sq ftClearwater 55320Seller’s market $188 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology