Comprehensive market data and analysis• Updated Oct 2026
8.2 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 3 | 4 | 4 |
| 1-2 acres | - | - | 2 | 2 |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | 2 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | 1 | 1 | 1 |
| TOTAL | 0 | 4 | 7 | 10 |
Acreage buckets
The median price for land in Richmond, Minnesota is currently $197K per acre. For a typical parcel, the median sale price is $130K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $54K while premium lots reached $625K.
Richmond, Minnesota is currently a balanced market with 8.2 months of supply. Conditions favor neither buyers nor sellers significantly.
Richmond, Minnesota currently has 8.2 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
The 3-month absorption rate in Richmond, Minnesota is 12.1%. The 12-month rate is 5.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Richmond, Minnesota saw 7 properties sold, totaling $1.9M in sales volume. In just the last 3 months, 4 properties changed hands.
There are currently 11 active listings in Richmond, Minnesota. 6 new listings have hit the market in the last 90 days. The median asking price is $170K.
The median land price in Richmond, Minnesota stands at $130K. This translates to roughly $197K per acre for the typical parcel size. The average price is $266K, indicating some higher-priced properties pulling up the average.
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 Richmond on LandyDandy.
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