Is Richfield, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richfield is a seller's market

Buyer's
Market

Difference Since December 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

$364,000

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$88,500(-19.6%)

Key Takeaway

Homes in Richfield have sold for 19.6% less than they did a year ago.

Summary: The median home sold price in Richfield was $364,000 in December 2024, down 19.6% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $275K$285.8K
+3.9%
3 $395K$415K
+5.1%
4 $512.4K$349K
-31.9%
5+ $650K$519K
-20.2%

Summary: Richfield housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 31.9%, and 5+ bedroom homes decreased by 20.2%.

Housing Supply in Richfield, WI

How many homes are available in Richfield, WI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
129-25.0%

Summary: The Richfield real estate market had 9 homes for sale in December 2024, a 25.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 63
-50.0%
4 45
+25.0%
5+ 21
-50.0%

Summary: The Richfield housing inventory by bedroom type for December 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 50%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Richfield, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Richfield in December 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Richfield, WI

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Richfield, WI

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