Real Estate Market Update – Richwoods High School District
November 2020


Let's take a look at the real estate market trends over the past six months for homes in Richwoods High School District. This report includes all residential properties including single family and single family attached properties but does not include lots. 

Homes for Sale

There are currently (11/01/2020) 100 properties for sale. The average days on market is 106 and the median days on market is 67 days. The average list price is $241,792 and the median asking price is $149,950.

Homes that sold within the past 6 months

There have been 406 properties that have sold and closed within the last six months. The average original asking price was $182,942 and the final asking price (after price reductions) was $176,931. The average sales price was $171,031 so the final list price to sales price ratio was 97%. The median original asking price was $154,950 and the final median asking price was $149,700. The median sale price was $144,900 so the final median asking price to sales price ration was 97%.

The average days on market for sold properties was 62 days and the median days on market for sold properties was 29 days.

Homes that did not sell

There were 87 homes that were listed for sale that came off of the market without selling. Listings may fail to sell for many reasons such as being priced too high, having been inadequately marketed, the property was in poor condition, or perhaps the owner had second thoughts about selling at this particular time.

Active Listings

100

Average Asking Price

$241,792

Median Asking Price

$149,950

Average Sold Price

$171,031

Median Sold Price

$144,900

Like this information but want more?

Keep your thumb on the pulse of the Richwoods Real Estate Market with our 7-page market trend updates. These comprehensive monthly reports break down everything you need to know about the Richwoods Real Estate Market.

Here are some of the questions that will be answered when you sign up for the Richwoods  Housing Market Report:

  • How quickly or slowly are homes selling?
  •  Is it a buyer's or sellers' market?
  •  What's the supply vs. the demand?
  • What % of homes sell vs don't sell?
  • What price ranges are selling the best and the worst?
  • How close to asking price are homes selling?
  • Are prices trending up or down?

If you are looking to buy or sell a home in the Richwoods area, we would love to hear from you. Call us at (309) 693-1133 or Contact us here.