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NEW RICHLAND, MN 56072

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

Market Analysis

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

The NEW RICHLAND, MN real estate market (56072) currently shows 15 active listings, with 9 pending sales. Homes are averaging 52 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

The median listing price has fallen 4% year-over-year, from $286,500 to $275,000.

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.

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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
15
⇧ 25% vs 12 last year
Pending
9
60% pending ratio
Median Price
$275,000
⇩ 4% vs $286,500 last year
Average Price
$283,021
⇩ 5.5% vs $299,424 last year
Days on Market
52
vs 52 days last year

Price Per Square Foot

Median $/sqft
$122
⇩ 16.4% vs $146/sqft last year
Median Home Size
2,064 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 15 this year vs 12 last year
  • Days on market: 52 now vs 52 last year

Median & Average Pricing

Year over Year
  • Median: $275,000 (-4% YoY)
  • Average: $283,021 (-5.5% 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 June 2026, there are 15 active listings in NEW RICHLAND, MN (zip code 56072), compared to 12 the prior year.

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

The median listing price in NEW RICHLAND, MN 56072 is $275,000 as of June 2026, a 4% decrease from $286,500 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 52 days on the market before going under contract, compared to 52 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 June 2026, NEW RICHLAND, MN 56072 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

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 $5,500 compared to a typical 5% commission on the median listing price of $275,000. 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.