$2,968 Closing Credit*
$249,900
850 SqFt
1 Bed
•1 Full Bath
#1901552, Paul Poulakos, Listing Office: Coldwell Banker Realty
Is Richfield, 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, Richfield has remained a Seller's Market.
Key Takeaway
Richfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Richfield, WI
How much do homes in Richfield, WI cost?
Median Sold Price
$489,500
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,000(+1.9%)
Key Takeaway
Homes in Richfield have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Richfield was $489,500 in November 2024, up 1.9% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $410K | $286.7K | -30.1% |
| 2 Bedrooms | $410K | $271.6K | -33.7% |
| 3 Bedrooms | $452.5K | $428K | -5.4% |
| 4 Bedrooms | $575K | $600K | +4.3% |
| 5+ Bedrooms | $670K | $763.7K | +14.0% |
Summary: Richfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.1%, 2 bedroom homes decreased by 33.7%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Cities
| Erin | $546.5K | $572.5K | +4.8% |
| Richfield | $480.5K | $489.5K | +1.9% |
| Colgate | $521.2K | $515.5K | -1.1% |
| Germantown | $415K | $400K | -3.6% |
Housing Supply in Richfield, WI
How many homes are available in Richfield, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 28 | -24.3% |
Summary: The Richfield real estate market had 28 homes for sale in November 2024, a 24.3% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 11 | 7 | -36.4% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Richfield 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 remained the same, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 7 | -50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richfield, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Richfield in November 2024, down by 50.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Richfield, WI
We’re sorry, we don't have information for this market at the moment
