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NEW RICHLAND, MN 56072

Real Estate Market Report  ·  Waseca County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
6
⇧ 50% vs 4 last year
Pending
0
0% pending ratio
Median Price
$224,900
⇩ 2.2% vs $229,975 last year
Average Price
$228,033
⇧ 7.2% vs $212,783 last year
Days on Market
88
⇧ 23.9% vs 71 days last year

Market Context

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

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

Market Analysis

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

The NEW RICHLAND, MN real estate market (56072) currently shows 6 active listings. Homes are averaging 88 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 88 days on market compared to 71 days last year.

The median listing price has fallen 2.2% year-over-year, from $229,975 to $224,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 6 this year vs 4 last year
  • Days on market: 88 now vs 71 last year

Median & Average Pricing

Year over Year
  • Median: $224,900 (-2.2% YoY)
  • Average: $228,033 (+7.2% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 25.7 miles — 166 listings ($51,470,344 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56072New Richland, MN 560720.0 mi6$1,368,198$224,900$228,033
56091Waldorf, MN 560918.9 mi2$298,000$149,000$149,000
56093Waseca, MN 5609311.5 mi23$5,717,271$219,900$248,577
56078Pemberton, MN 5607814.7 mi1$190,000$190,000$190,000
56097Wells, MN 5609715.7 mi10$1,588,560$159,900$158,856
56048Janesville, MN 5604817.0 mi6$2,123,226$297,450$353,871
55060Owatonna, MN 5506018.1 mi79$28,186,173$339,950$356,787
56065Mapleton, MN 5606520.3 mi8$2,130,488$199,900$266,311
55917Blooming Prairie, MN 5591722.0 mi10$2,904,570$214,999$290,457
56025Easton, MN 5602522.2 mi1$255,000$255,000$255,000
55052Morristown, MN 5505223.6 mi4$1,759,760$449,900$439,940
56096Waterville, MN 5609624.4 mi13$4,285,099$267,450$329,623
56029Emmons, MN 5602925.7 mi3$663,999$249,000$221,333

Frequently Asked Questions

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

As of January 2026, there are 6 active listings in NEW RICHLAND, MN (zip code 56072), compared to 4 the prior year.

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

The median listing price in NEW RICHLAND, MN 56072 is $224,900 as of January 2026, a 2.2% decrease from $229,975 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 88 days on the market before going under contract, compared to 71 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 January 2026, NEW RICHLAND, MN 56072 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 88 days on market compared to 71 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 $4,498 compared to a typical 5% commission on the median listing price of $224,900. 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.