Brokers — List your Company Here
Featured local agent — Richland, MI
Sarah Mitchell
Compass Real Estate · Richland, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Richland, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$475,000median sale price
How is the Richland, MI housing market right now?
The median home sale price in Richland, MI is $475,000. Homes sell in an average of 7 days with 7 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Richland a buyer's or seller's market?
Richland, MI is currently a leaning buyer's, based on 7.0 months of supply and homes selling in about 7 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
7
Fast-moving
Active listings
7
7.0 months supply
Sale-to-list
96.0%
Below asking
What does the Richland housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $475,000 |
| Median list price | $586,950 |
| Average days on market | 7 days |
| Active inventory | 7 listings |
| Months of supply | 7.0 months |
| Sale-to-list price ratio | 96.0% |
| Median price per sq ft | $215/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Listings with a price cut | 14.3% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Richland by property type?
How the Richland, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $475,000 | $215/sq ft | 1 | 7 days |
| Condo / Co-op | $310,000 | $199/sq ft | 1 | 18 days |
Source: Redfin · Updated monthly
The Richland housing market is currently classified as a leaning buyer's with a median sale price of $475,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 7 days on market, indicating 7.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.6x provides context for how home values compare to local earning capacity.
Homes for sale in Richland
There are currently 7 homes listed for sale in Richland, Michigan. The median listing price is $587K.
Active listings
7
Homes on market
Median list price
$587K
Avg. days on market
7
Days until sale
New this week
2
Newly listed
Who lives in Richland?
Population
1,014
Median income
$84,333/yr
Median age
39.5 years
Owner-occupied
79.1%
College grads
47.2%
Avg commute
26.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Richland?
Zillow home value
$388,346
Price-to-income
4.6x
Source: Zillow Research
What is it like to live in Richland?
Richland is a community of approximately 1K residents with a median age of 39.5 years.The median household income is $84,333, which reflects a relatively affluent area with strong earning potential. 47.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 79.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Richland offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Richland?
5 schools tracked · 2,665 students
The largest public schools serving Richland, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Gull Lake High School
Grades 8-12 · 844 students
Thomas M Ryan Intermediate School
Grades 3-5 · 685 students
Gull Lake Middle School
Grades 6-8 · 682 students
Richland Elementary School
Grades PK-2 · 419 students
Gull Lake Gateway Academy
Grades 9-12 · 35 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Richland, MI?
Want a head-to-head view? Compare Richland side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Richland?
The median home sale price in Richland is $475,000, down 0.0% from last year.
How long do homes stay on market in Richland?
Homes typically spend 7 days on market before going under contract.
What is the median income in Richland?
The median household income is $84,333 per year.
Is Richland a buyer's or seller's market?
With 7.0 months of supply, Richland is currently a leaning buyer's.
What is the Zillow home value estimate for Richland?
The Zillow Home Value Index (ZHVI) for Richland is $388,346, representing the typical home value in the area.
What is the median condo price in Richland?
The median condo/co-op sale price in Richland, MI is $310,000, compared to $475,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Richland?
The median single-family home price in Richland, MI is $475,000 (about $215 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Richland, MI
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Richland market alerts
Weekly updates on prices, inventory, and trends. Free forever.