Is Richland, IA 52585 a buyer’s or seller’s market?
Richland is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Richland housing market right now
In the three months ending August 31, 2026, 0% of homes in Richland, IA 52585 sold above their list price, the typical home went under contract in 120 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (350 days then) and the median sale price fell 58% to $156,932. Overall, Richland is more competitive than a year ago, so tougher for buyers.
Within Keokuk County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Run the numbers for 52585
Nearby markets
Delta 52550 $113 /sq ftHarper 52231 — /sq ftHedrick 52563Seller’s market $71 /sq ftKeswick 50136 — /sq ft Browse all markets →Where Richland is
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Questions about Richland real estate
Is Richland a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Richland, IA 52585 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Richland?
The typical home went under contract in 120 days in the latest three months.
Do homes in Richland sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Richland?
About 1.26% of a home’s value a year in Keokuk County, or roughly $5,040 on a $400,000 home.
What is the median home price in Richland?
The median sale price was $156,932 in the three months ending August 31, 2026, about $121 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology