Richville, MN Foreclosures
How much do homes sell for in Richville, MN?
The average home price is currently $536,175.
In Richville, MN, how many homes are available?
There are currently 1 active home listings available in Richville.
What’s the average rental cost in Richville, MN?
The average rental price in Richville is $1,509.
What is the most expensive home in Richville?
The most expensive home sold in Richville had a price of $6,463,457.
What is currently the cheapest priced home in Richville, MN?
The cheapest home for sale in Richville is priced at $29,930.
Living in Richville, MN
Richville, MN, is a picturesque small town in Otter Tail County, known for its serene landscapes and welcoming community atmosphere. With ample outdoor recreational activities and a variety of local amenities, it offers a peaceful lifestyle while still being close to larger urban centers. Ideal for families and retirees alike, Richville embodies the charm of small-town living in Minnesota.
Current Market Conditions in Richville, MN
The real estate market in Richville, MN, is currently experiencing a period of stability, with home prices remaining relatively steady over the past few months. Demand for properties has increased slightly as more people seek the tranquility of small-town living, which contributes to a balanced market. Buyers might find it competitive, but there are still opportunities available for those ready to invest in this friendly community.
Current trends indicate a growing interest in Richville as more families and retirees migrate to the area in search of affordable housing options and a tight-knit community. This interest is reflected in the slight uptick in home sales and a gradual increase in property values, especially for homes that offer modern amenities and proximity to local parks.
Home Value Estimator For Richville, MN
There are currently 926 real estate properties
in Richville, MN,
with a median automated valuation model (AVM) price
of $464,025.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Richville, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Richville, MN,
is $536,175.00, with the most expensive house
in Richville, MN, topping out
at $6,463,457.00 and the cheapest home
in Richville, MN,
clocking in at $29,930.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Richville, MN!
Rent Prices
In Richville, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Richville, MN, is on
a rollercoaster ride. The
average rent price in Richville, MN,
is $1,509.00. Indeed, when looking to rent in
Richville, MN, you can expect to pay as little
as $570.00 or as much
as $2,280.00,
with the average rent median estimated to
be $1,380.00. The good news is that finding
an affordable and desirable property to rent in Richville, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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