Call or Text (240) SELL-123

NEW RICHLAND, MN 56072

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The NEW RICHLAND, MN real estate market (56072) currently shows 8 active listings, with 2 pending sales. Homes are averaging 122 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 122 days on market compared to 30 days last year.

The median listing price has risen 10.9% year-over-year, from $271,450 to $301,125.

Whether you are buying or selling in NEW RICHLAND, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for NEW RICHLAND, MN 56072 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 2,127  ·  Density: 6.8/mi²  ·  Median household income: $70,556

Typical home value: $179,609  ·  Homeownership: 82.9%

Market Overview

Active Listings
8
vs 8 last year
Pending
2
25% pending ratio
Median Price
$301,125
⇧ 10.9% vs $271,450 last year
Average Price
$324,332
⇩ 18.3% vs $397,117 last year
Days on Market
122
⇧ 306.7% vs 30 days last year

Price Per Square Foot

Median $/sqft
$119
⇩ 27.4% vs $164/sqft last year
Median Home Size
2,253 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 122 now vs 30 last year

Median & Average Pricing

Year over Year
  • Median: $301,125 (+10.9% YoY)
  • Average: $324,332 (-18.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.9 miles — 123 listings ($35,110,279 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56072New Richland, MN 560720.0 mi6$1,395,240$229,900$232,540
56032Freeborn, MN 560328.7 mi2$413,166$189,900$206,583
56026Ellendale, MN 5602611.1 mi7$1,915,151$222,450$273,593
56016Clarks Grove, MN 5601612.3 mi1$269,900$269,900$269,900
56035Geneva, MN 5603513.2 mi1$296,000$296,000$296,000
56068Minnesota Lake, MN 5606814.8 mi3$737,100$245,700$245,700
56009Alden, MN 5600916.4 mi11$3,066,668$289,900$278,788
56045Hollandale, MN 5604517.8 mi2$1,104,900$552,450$552,450
56007Albert Lea, MN 5600718.8 mi75$20,849,850$216,150$277,998
56080Saint Clair, MN 5608021.4 mi2$393,300$196,650$196,650
56043Hayward, MN 5604322.1 mi1$217,900$217,900$217,900
55049Medford, MN 5504923.5 mi4$1,139,800$269,900$284,950
56024Eagle Lake, MN 5602423.9 mi8$3,311,304$374,900$413,913

Frequently Asked Questions

How many homes are for sale in NEW RICHLAND, MN 56072?

As of March 2026, there are 8 active listings in NEW RICHLAND, MN (zip code 56072), compared to 8 the prior year.

What is the median home price in NEW RICHLAND, MN 56072?

The median listing price in NEW RICHLAND, MN 56072 is $301,125 as of March 2026, a 10.9% increase from $271,450 the prior year.

How long do homes stay on the market in NEW RICHLAND, MN?

Homes in NEW RICHLAND, MN 56072 spend an average of 122 days on the market before going under contract, compared to 30 days the prior year.

Is it a seller's or buyer's market in NEW RICHLAND, MN 56072?

Based on current inventory and days-on-market data as of March 2026, NEW RICHLAND, MN 56072 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 122 days on market compared to 30 days last year.

How much can I save on real estate commission in NEW RICHLAND, MN?

With SELL123.com's maximum 3% commission, sellers in NEW RICHLAND, MN 56072 save an estimated $6,023 compared to a typical 5% commission on the median listing price of $301,125. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.