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.