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RICHVILLE, MN 56576

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

Market Overview

Active Listings
7
⇧ 75% vs 4 last year
Pending
3
43% pending ratio
Median Price
$484,950
⇧ 62.2% vs $299,000 last year
Average Price
$628,133
⇧ 110.1% vs $299,000 last year
Days on Market
218
⇧ 83.2% vs 119 days last year

Market Context

Population: 860  ·  Density: 8.3/mi²  ·  Median household income: $70,769

Typical home value: $332,114  ·  Homeownership: 88.1%

Market Analysis

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

The RICHVILLE, MN real estate market (56576) currently shows 7 active listings, with 3 pending sales. Homes are averaging 218 days on the market before going under contract.

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

Homes are taking longer to sell, averaging 218 days on market compared to 119 days last year.

The median listing price has risen 62.2% year-over-year, from $299,000 to $484,950.

Whether you are buying or selling in RICHVILLE, 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: 7 this year vs 4 last year
  • Days on market: 218 now vs 119 last year

Median & Average Pricing

Year over Year
  • Median: $484,950 (+62.2% YoY)
  • Average: $628,133 (+110.1% 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 30.3 miles — 188 listings ($83,487,316 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56576Richville, MN 565760.0 mi7$4,396,931$484,950$628,133
56571Ottertail, MN 565718.2 mi15$5,335,500$319,000$355,700
56515Battle Lake, MN 5651512.2 mi16$6,298,928$259,900$393,683
56587Vergas, MN 5658713.7 mi3$1,638,000$489,000$546,000
56551Henning, MN 5655116.1 mi8$2,741,400$264,000$342,675
56524Clitherall, MN 5652418.6 mi6$3,911,760$329,000$651,960
56588Vining, MN 5658819.9 mi2$459,800$229,900$229,900
56544Frazee, MN 5654420.5 mi13$4,917,887$364,523$378,299
56537Fergus Falls, MN 5653722.8 mi37$12,351,488$330,000$333,824
56501Detroit Lakes, MN 5650125.8 mi72$39,295,440$415,000$545,770
56309Ashby, MN 5630927.4 mi3$973,332$335,333$324,444
56453Hewitt, MN 5645328.2 mi3$569,850$189,950$189,950
56579Rothsay, MN 5657930.3 mi3$597,000$199,000$199,000

Frequently Asked Questions

How many homes are for sale in RICHVILLE, MN 56576?

As of January 2026, there are 7 active listings in RICHVILLE, MN (zip code 56576), compared to 4 the prior year.

What is the median home price in RICHVILLE, MN 56576?

The median listing price in RICHVILLE, MN 56576 is $484,950 as of January 2026, a 62.2% increase from $299,000 the prior year.

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

Homes in RICHVILLE, MN 56576 spend an average of 218 days on the market before going under contract, compared to 119 days the prior year.

Is it a seller's or buyer's market in RICHVILLE, MN 56576?

Based on current inventory and days-on-market data as of January 2026, RICHVILLE, MN 56576 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 218 days on market compared to 119 days last year.

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

With SELL123.com's maximum 3% commission, sellers in RICHVILLE, MN 56576 save an estimated $9,699 compared to a typical 5% commission on the median listing price of $484,950. 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.