$1,899 Closing Credit*
$159,900
1,378 SqFt
2 Beds
•1 Full Bath
Linda Flynn, Listing Office: Keller Williams Upstate NY Properties
Is Richfield Springs, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Richfield Springs was a Seller's Market.
Key Takeaway
Richfield Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Richfield Springs, NY
How much do homes in Richfield Springs, NY cost?
Median Sold Price
$188,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$12,000(-6.0%)
Key Takeaway
Homes in Richfield Springs have sold for 6% less than they did a year ago.
Summary: The median home sold price in Richfield Springs was $188,000 in November 2024, down 6% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $146.7K | $107.5K | -26.7% |
| 2 Bedrooms | $160K | $350K | +118.8% |
| 3 Bedrooms | $200K | $125K | -37.5% |
| 4 Bedrooms | $374K | $202.2K | -45.9% |
| 5+ Bedrooms | $147.5K | $180.9K | +22.7% |
Summary: Richfield Springs housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.7%, 2 bedroom homes increased by 118.8%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 45.9%, and 5+ bedroom homes increased by 22.7%.
Median Sold Price Compared To Nearby Cities
| Richfield | $115K | $146K | +27.0% |
| Richfield Springs | $200K | $188K | -6.0% |
Housing Supply in Richfield Springs, NY
How many homes are available in Richfield Springs, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Summary: The Richfield Springs real estate market had 21 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Richfield Springs housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richfield Springs, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Richfield Springs in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Richfield Springs, NY
How long does it take to sell a home in Richfield Springs, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 13 Days | -73.0% |
Summary: Homes in Richfield Springs had an average of 13 days on market in Nov 2024, down by 73% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Richfield Springs are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Richfield Springs; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.