$8,134 Closing Credit*
$684,990
2,683 SqFt
4 Beds
•2 Full Baths, 1 Partial
#1899486, Scott Pinzer, Listing Office: Kaerek Homes, Inc.
Is Richfield, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$475,000
$214/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Richfield has remained the same since last year.
Summary: The median home sold price in Richfield was $475,000 in October 2024, the same as last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $410K | $286.7K | -30.1% |
| 2 Bedrooms | $410K | $271.6K | -33.7% |
| 3 Bedrooms | $450K | $425K | -5.6% |
| 4 Bedrooms | $587.5K | $572.4K | -2.6% |
| 5+ Bedrooms | $670K | $785K | +17.2% |
Summary: Richfield housing prices by bedroom type for October 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 5.6%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 17.2%.
Median Sold Price Compared To Nearby Cities
| Erin | $540K | $555K | +2.8% |
| Colgate | $510K | $515.5K | +1.1% |
| Richfield | $475K | $475K | 0.0% |
| Germantown | $410K | $405K | -1.2% |
| Hubertus | $450K | $420K | -6.7% |
Housing Supply in Richfield, WI
How many homes are available in Richfield, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 40 | -20.0% |
Summary: The Richfield real estate market had 40 homes for sale in October 2024, a 20.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 29 | 19 | -34.5% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Richfield housing inventory by bedroom type for October 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 34.5%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richfield, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Richfield in October 2024, down by 29.4% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.
Days on Market for Richfield, WI
We’re sorry, we don't have information for this market at the moment
