Richwood, LA Foreclosures
Current Market Conditions in in Richwood, LA As of February 2026?
In the past month, Richwood’s real estate market has shown promising signs of recovery post-holidays, with an increase in new listings becoming available. This increase in inventory is expected to provide buyers with more options, stabilizing the market after a relatively slow period. The current average days on the market has reduced for many listings, indicating a renewed interest from buyers eager to purchase homes in the area. Pricing remains competitive, encouraging prospective homeowners to act quickly.
How much do homes sell for in Richwood, LA?
The average home price is currently $127,974.
What’s the average rental cost in Richwood, LA?
The average rental price in Richwood is $891.
What is the most expensive home in Richwood?
The most expensive home sold in Richwood had a price of $7,261,675.
What is currently the cheapest priced home in Richwood, LA?
The cheapest home for sale in Richwood is priced at $11,047.
Living in Richwood, LA
Richwood, Louisiana is a vibrant community located just north of Monroe, known for its friendly atmosphere and strong sense of community. The area features a mix of residential homes and local businesses, making it a great place for families and individuals alike. Richwood offers access to various amenities and recreational activities, promoting an enjoyable lifestyle for its residents.
Buyer vs Seller Market in Richwood, LA
The Richwood real estate market has remained relatively stable over the past year, with a slight increase in property values as demand gradually rises. This trend is attributed to the growing interest in the Monroe area, making Richwood an attractive alternative for homebuyers seeking affordability and a suburban lifestyle. Although sales have slowed slightly month-over-month due to seasonal factors, the overall market remains robust, with ongoing developments attracting new residents.
As of this month, the market has seen an uptick in home sales, showing promise for buyers looking for homes in the Richwood area. With more listings becoming available and prices steadying, potential homeowners are encouraged to explore the opportunities that Richwood has to offer.
Home Value Estimator For Richwood, LA
There are currently 175 real estate properties
in Richwood, LA,
with a median automated valuation model (AVM) price
of $60,500.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Richwood, LA, 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 Richwood, LA,
is $127,974.00, with the most expensive house
in Richwood, LA, topping out
at $7,261,675.00 and the cheapest home
in Richwood, LA,
clocking in at $11,047.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Richwood, LA!
Rent Prices
In Richwood, LA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Richwood, LA, is on
a rollercoaster ride. The
average rent price in Richwood, LA,
is $891.00. Indeed, when looking to rent in
Richwood, LA, you can expect to pay as little
as $490.00 or as much
as $2,160.00,
with the average rent median estimated to
be $860.00. The good news is that finding
an affordable and desirable property to rent in Richwood, LA
-- 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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