Mclennan North, Richmond House Market Report – March 2022

In March 2022, the Mclennan North, Richmond house real estate market is classified as a Seller's Market with an absorption rate of 21.4%. It is currently a seller's market in Mclennan North, Richmond. While demand is elevated, qualified buyers can still find opportunities. Always consult a licensed REALTOR® to assess your specific situation.

3 house properties sold in Mclennan North, Richmond during March 2022 based on MLS® records. There were 14 active listings at the start of the month. A total of 2 new listings came to market during the month.

The average house sold price in Mclennan North, Richmond in March 2022 was $4,242,667. Sold prices ranged from $2,580,000 to $6,318,000. Data is sourced from MLS® board records.

In March 2022, house properties in Mclennan North, Richmond averaged 47 days on the market before selling. With an absorption rate of 21.4%, the market is currently a Seller's Market. A lower average days-on-market indicates stronger demand.

The average house sold price in Mclennan North, Richmond in March 2022 was $4,242,667, up 82.8% year-over-year compared to March 2021 ($2,321,428). Sales volume was up 50% compared to the same month last year. Data is sourced from MLS® sold records.