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RICHVILLE, MN 56576

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

Market Analysis

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

The RICHVILLE, MN real estate market (56576) currently shows 13 active listings, with 2 pending sales. Homes are averaging 63 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 63 days on market compared to 56 days last year.

The median listing price has risen 162.1% year-over-year, from $185,000 to $484,900.

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 Context

Market Context

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

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

Market Overview

Active Listings
13
⇩ 18.8% vs 16 last year
Pending
2
15% pending ratio
Median Price
$484,900
⇧ 162.1% vs $185,000 last year
Average Price
$560,929
⇧ 97.9% vs $283,423 last year
Days on Market
63
⇧ 12.5% vs 56 days last year

Price Per Square Foot

Median $/sqft
$387
⇧ 6.9% vs $362/sqft last year
Median Home Size
1,035 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 13 this year vs 16 last year
  • Days on market: 63 now vs 56 last year

Median & Average Pricing

Year over Year
  • Median: $484,900 (+162.1% YoY)
  • Average: $560,929 (+97.9% 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 30.3 miles — 189 listings ($91,165,633 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56576Richville, MN 565760.0 mi6$3,994,560$529,900$665,760
56571Ottertail, MN 565718.2 mi15$5,498,250$353,500$366,550
56515Battle Lake, MN 5651512.2 mi7$3,349,920$349,999$478,560
56587Vergas, MN 5658713.7 mi3$1,608,900$489,000$536,300
56551Henning, MN 5655116.1 mi10$3,673,960$305,700$367,396
56524Clitherall, MN 5652418.6 mi6$3,574,020$285,425$595,670
56588Vining, MN 5658819.9 mi2$459,800$229,900$229,900
56544Frazee, MN 5654420.5 mi11$4,267,791$359,761$387,981
56537Fergus Falls, MN 5653722.8 mi37$12,756,231$336,250$344,763
56501Detroit Lakes, MN 5650125.8 mi83$49,518,049$451,975$596,603
56309Ashby, MN 5630927.4 mi4$1,296,952$319,000$324,238
56453Hewitt, MN 5645328.2 mi3$719,700$239,900$239,900
56579Rothsay, MN 5657930.3 mi2$447,500$223,750$223,750

Frequently Asked Questions

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

As of June 2026, there are 13 active listings in RICHVILLE, MN (zip code 56576), compared to 16 the prior year.

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

The median listing price in RICHVILLE, MN 56576 is $484,900 as of June 2026, a 162.1% increase from $185,000 the prior year.

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

Homes in RICHVILLE, MN 56576 spend an average of 63 days on the market before going under contract, compared to 56 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 June 2026, RICHVILLE, MN 56576 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 63 days on market compared to 56 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 $9,698 compared to a typical 5% commission on the median listing price of $484,900. 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.