New Richland, MN Home Values & Market Trends
Real estate market trends reflect that there have been 30 transactions over the past year in New Richland. The median value for residential home transactions that occurred over the previous year is $197,097. The number of current listings in New Richland is 48, and the percentage of properties for sale in the city is 48.00%. New Richland, MN currently has 3 properties in foreclosure, 1 bank owned properties, 2 properties headed for auction, and 48 properties for sale.
New Richland, MN Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 56072 | $ 197,097 $ 208/sqft |
Housing Market Summary for New Richland, MN
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $239.9K | $219.9K | -8.34% |
| Median Sold Price | $371.6K | $269.8K | -27.38% |
| Homes For Sale | 34 | 47 | 38.24% |
| Homes Sold | 10 | 3 | -70.00% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in New Richland, MN
Browse Homes in New Richland, MN
New Richland home values range from $40,000 to $746,914. The median estimated value of a home in New Richland is $197,097. The median list price of a home is 219,900, and the total count of properties in the city is 57.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in New Richland, MN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within New Richland, MN; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in New Richland, MN ranges from the highest value of $0 in 56072 to the lowest value of $0 in 56072. Bank owned homes and properties account for 1.75% of properties in New Richland, MN. There is 1 zips within New Richland, MN; 56072 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions56072 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of New Richland, MN. Auction homes and other auction properties account for 3.51% of all properties in New Richland, MN. There is 1 zips within New Richland, MN; of that zips, the median estimated home value for homes going to auction ranges from $163,530 in 56072 to the lowest value of $138,467 in 56072.
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More Real Estate Resources for New Richland, MN
Guide for New Richland, MN
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
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