Comprehensive market data and analysis• Updated Oct 2026
3.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | 1 | 1 | 1 | 1 |
| TOTAL | 1 | 1 | 1 | 1 |
Acreage buckets
The median price for land in New Richland, Minnesota is currently $12K per acre. For a typical parcel, the median sale price is $2.0M. Recently, the cheapest land sold for $2.0M while premium lots reached $2.0M.
New Richland, Minnesota is currently a seller's market with 3.0 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
New Richland, Minnesota currently has 3.0 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
The current absorption rate in New Richland, Minnesota is 33.3% (3-month basis), indicating strong demand. The top-performing broker in this market is Wingert Land Services INC.
Land in New Richland, Minnesota averages $12K per acre. The median price per acre is $12K, which may be more representative of typical transactions. Most parcels sold are around 160.0 acres.
The 3-month absorption rate in New Richland, Minnesota is 33.3%. The 12-month rate is 8.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in New Richland, Minnesota stands at $2.0M. This translates to roughly $12K per acre for the typical parcel size.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in New Richland on LandyDandy.
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