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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richland Center is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Richland Center was a Seller's Market.

Key Takeaway

Richland Center is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Richland Center, WI

How much do homes in Richland Center, WI cost?

Median Sold Price

$145,000

$139/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$76,500(-34.5%)

Key Takeaway

Homes in Richland Center have sold for 34.5% less than they did a month ago.

Summary: The median home sold price in Richland Center was $145,000 in November 2024, down 34.5% from last month, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $132.4K-
N/A
3 $318.5K$145K
-54.5%
4 --
N/A
5+ --
N/A

Summary: Richland Center 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 54.5%, 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 Center, WI

How many homes are available in Richland Center, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2826-7.1%

Summary: The Richland Center real estate market had 26 homes for sale in November 2024, a 7.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 1410
-28.6%
4 812
+50.0%
5+ 22
0.0%

Summary: The Richland Center 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 50%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Richland Center, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Richland Center in November 2024, down by 62.5% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Richland Center, 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 Center, WI

Nearby Markets to Richland Center, WI