$6,293 Closing Credit*
$529,900
2,707 SqFt
5 Beds
•3 Full Baths
Listing Office: RE/MAX Advantage Plus
Is New Richmond, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, New Richmond has remained a Seller's Market.
Key Takeaway
New Richmond is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Richmond, WI
How much do homes in New Richmond, WI cost?
Median Sold Price
$370,247
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,247(+5.8%)
Key Takeaway
Homes in New Richmond have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in New Richmond was $370,247 in November 2024, up 5.8% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164.9K | $252K | +52.8% |
| 2 Bedrooms | $283.5K | $285K | 0.5% |
| 3 Bedrooms | $348K | $364.9K | +4.9% |
| 4 Bedrooms | $378.8K | $425K | +12.2% |
| 5+ Bedrooms | $408.7K | $500K | +22.3% |
Summary: New Richmond housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.8%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 22.3%.
Median Sold Price Compared To Nearby Cities
| Richmond | $401.2K | $430K | +7.2% |
| New Richmond | $350K | $370.2K | +5.8% |
Housing Supply in New Richmond, WI
How many homes are available in New Richmond, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 240 | 232 | -3.3% |
Summary: The New Richmond real estate market had 232 homes for sale in November 2024, a 3.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 37 | 32 | -13.5% |
| 3 Bedrooms | 102 | 95 | -6.9% |
| 4 Bedrooms | 85 | 87 | +2.4% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The New Richmond 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 decreased by 13.5%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 49 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Richmond, expect to pay close to the asking price. 49% of homes here sold near the asking price last month.
Summary: A total of 49 homes were sold or pending in New Richmond in November 2024, the same as the previous month. Of the 49 sold homes, 24% were sold under asking, 49% were sold at asking, and 27% were sold over asking.
Days on Market for New Richmond, WI
How long does it take to sell a home in New Richmond, WI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 42 Days | -19.4% |
Summary: Homes in New Richmond had an average of 42 days on market in Nov 2024, down by 19.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Richmond are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 49 homes were sold in New Richmond; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
