Is Richland County, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Richland County has remained a Seller's Market.
Key Takeaway
Richland County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Richland County, WI
How much do homes in Richland County, WI cost?
Median Sold Price
$215,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Richland County have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Richland County was $215,000 in May 2024, up 2.4% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $80.4K | N/A |
| 2 Bedrooms | $332.5K | $204.4K | -38.5% |
| 3 Bedrooms | $200K | $214.5K | +7.2% |
| 4 Bedrooms | $210K | $224.9K | +7.1% |
| 5+ Bedrooms | $170K | $270K | +58.8% |
Summary: Richland County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 38.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 58.8%.
Median Sold Price Compared To Nearby Counties
| Richland County | $210K | $215K | +2.4% |
| Vernon County | $236.2K | $230K | -2.6% |
Housing Supply in Richland County, WI
How many homes are available in Richland County, WI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 50 | 49 | -2.0% |
Summary: The Richland County real estate market had 49 homes for sale in May 2024, a 2.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 23 | 23 | 0.0% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Richland County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richland County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Richland County in May 2024, up by 33.3% month-over-month. Of the 12 sold homes, 50% were sold under asking, 8% were sold at asking, and 42% were sold over asking.
Days on Market for Richland County, WI
We’re sorry, we don't have information for this market at the moment
