Buyer's Market · avg house price $1,938,880 · 1 houses sold (30d) · 45 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, 1 houses and detached homes sold across Terra Nova, Richmond at an average sold price of $1,938,880. Properties are selling in an average of 45 days on the market. The absorption rate is 6.7% — meaning 6.7% of the active house inventory sells each month. Average house prices in Terra Nova, Richmond are down 10.8% compared to the 90-day average of $2,173,840. 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: 6.7%, 1 sold vs 15 active listings in the last 30 days).