Buyer's Market · avg house price $2,551,900 · 2 houses sold (30d) · 64 days on market
Buyers currently have more choice in Terra Nova, Richmond's detached home market, with homes taking longer to sell. In the past 30 days, 2 houses and detached homes sold across Terra Nova, Richmond at an average sold price of $2,551,900. Properties are selling in an average of 64 days on the market. The absorption rate is 10.5% — meaning 10.5% of the active house inventory sells each month. Average house prices in Terra Nova, Richmond are up 6.2% compared to the 90-day average of $2,401,967. If you're considering buying a house in Terra Nova, Richmond, you have more time to negotiate — though well-priced single-family homes still attract attention.
12-month average house sold price
Terra Nova is a Buyer's Market for detached homes and houses (absorption rate: 10.5%, 2 sold vs 19 active listings in the last 30 days).