Comprehensive market data and analysis• Updated Dec 2025
999.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 2 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | 2 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 0 | 6 |
Acreage buckets
The median price for land in Richmond, Minnesota is currently $28K per acre. For a typical parcel, the median sale price is $128K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $40K while premium lots reached $172K.
The 12-month rate is 25.0%. 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 6 properties sold, totaling $678K in sales volume.
There are currently 2 active listings in Richmond, Minnesota. The median asking price is $927K.
The median land price in Richmond, Minnesota stands at $128K. This translates to roughly $28K per acre for the typical parcel size. The average price is $113K, showing a fairly consistent market.
The top-performing broker in this market is Central MN Realty LLC.
Land in Richmond, Minnesota typically sells within 64 days of listing. The median time on market is 17 days. Properties are moving at a moderate pace in the current strong buyer's market.
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. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.