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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richland is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Richland has remained a Seller's Market.

Key Takeaway

Richland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Richland, WI

How much do homes in Richland, WI cost?

Median Sold Price

$260,000

$160/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$125,000(-32.5%)

Key Takeaway

Homes in Richland have sold for 32.5% less than they did a month ago.

Summary: The median home sold price in Richland was $260,000 in November 2024, down 32.5% from last month, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $385K$260K
-32.5%
4 --
N/A
5+ --
N/A

Summary: Richland housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 32.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Richland
-32.5%
Richland Center
-34.5%

Housing Supply in Richland, WI

How many homes are available in Richland, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
43-25.0%

Summary: The Richland real estate market had 3 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 11
0.0%
5+ 00
0.0%

Summary: The Richland 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 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 Richland, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Richland in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Richland, 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 21 Days Ago

Newest Listings in Richland, WI

Nearby Markets to Richland, WI