Richardson Township Housing Market Report February 2025•Morrison County, Minnesota

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Housing Prices in Richardson Township, MN

How much do homes in Richardson Township, MN cost?

Housing Market Conditions

Is Richardson Township, MN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Richardson Township is a Seller's Market

Difference Since January 2025

Last month, Richardson Township has remained a Seller's Market.

Insight

Richardson Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$255,000$151/SqFt
-$30,000
-10.5%

Based on all homes sold in February 2025

Insight

Homes in Richardson Township have sold for 10.5% less than they did a month ago.

Summary: The median home sold price in Richardson Township was $255,000 in February 2025, down 10.5% from last month, and the median price per square foot was $151.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Richardson Township
-10.5%
Kathio Township
-40.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2025Feb 2025Change MoM
1$285K-
N/A
2--
N/A
3-$255K
N/A
4--
N/A
5--
N/A

Summary: Richardson Township housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in Richardson Township, MN

How many homes are available in Richardson Township, MN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
3Last MonthFeb 2025
42 months agoJan 2025
-25.0 %
Change MoMJan – Feb

Summary: The Richardson Township real estate market had 3 homes for sale in Feb 2025, a 25.0 % decrease compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
1Last MonthFeb 2025
12 months agoJan 2025
0.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
110
-100.0%
200
0.0%
322
0.0%
411
0.0%
500
0.0%

Summary: Richardson Township housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Richardson Township, MN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price0 Home

Under Asking Price0 Home

Insight

If you're buying a home in Richardson Township, 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 Richardson Township in February 2025, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for Richardson Township, MN

How long does it take to sell a home in Richardson Township, MN?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Richardson Township has remained consistent over time.

Summary: During February 2025, 1 homes were sold in Richardson Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
48 DaysLast MonthFeb 2025
198 Days1 month agoJan 2025
-75.8 %
Change MoMJan – Feb

Summary: Homes in Richardson Township had an average listing age of 48 days in Feb 2025, down by 75.8% compared to the previous month.

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Newest Listings in Richardson Township, MN

What homes are available in Richardson Township, MN?

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Nearby markets

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Last updated on: 3/2/2025, 3:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.