Richmond, Minnesota Land Market Statistics

Comprehensive market data and analysis• Updated Dec 2025

Active Listings

Sold (12M)

Median Price

$128K

Market Condition

Strong Buyer's Market

Richmond, Minnesota Market Meter

Strong Buyer's Market

999.0 months of supply

High inventory favors buyers with more choices and negotiating power.

Market Overview

Median Price

$128K

Avg Price/Acre

$28K

Avg Days on Market

Months of Supply

999.0

YoY Price Change

New Listings (3M)

Land Market Data by Acreage

Data Type:

View:

Acreage	30D	3M	6M	12M	24M	36M
0-1 acres	-	-	-	2	5	7
1-2 acres	-	-	-	1	2	3
2-5 acres	-	-	-	1	2	3
5-10 acres	-	-	-	-	-	-
10-20 acres	-	-	-	2	2	2
20-50 acres	-	-	-	-	-	-
50-100 acres	-	-	-	-	-	-
100+ acres	-	-	-	-	-	-
TOTAL	0	0	0	6	11	15

📊 Sold Counts: The total number of land parcels that sold during each time period.How to read: If "5-10 acres" shows 25 under "30D", that means 25 parcels between 5-10 acres sold in the last 30 days. The "3M" column shows sales from the last 3 months, "12M" shows the full year, etc.Higher numbers = active market with lots of buyers. Lower numbers = slower market with fewer sales.

Market Trends & Analysis

Inventory by Acreage (12 Months)

Sold

For Sale

0-1 acres2 sold / 1 listed

1-2 acres1 sold / 0 listed

2-5 acres1 sold / 0 listed

10-20 acres2 sold / 0 listed

50-100 acres0 sold / 1 listed

Median Price by Acreage

$0$86K$172K

0- 1

1- 2

2- 5

10- 20

Acreage buckets

Key Market Indicators

Total Sales Volume

$678K

Last 12 months

Active Listings

Current inventory

Avg Days on Market

Time to sell

Price Trend (YoY)

Year over year

Richmond, Minnesota Land Market Analysis

How much is land worth in Richmond, Minnesota?

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.

What is the absorption rate for land in Richmond, Minnesota?

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.

What is the total amount sold in Richmond, Minnesota last year?

Over the past 12 months, Richmond, Minnesota saw 6 properties sold, totaling $678K in sales volume.

What is the total land for sale in Richmond, Minnesota?

There are currently 2 active listings in Richmond, Minnesota. The median asking price is $927K.

What is the median land price in Richmond, Minnesota?

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.

Is now a good time to invest in land in Richmond, Minnesota?

The top-performing broker in this market is Central MN Realty LLC.

How long does it take to sell land in Richmond, Minnesota?

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.

Data Sources & Accuracy

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.