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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richland County is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Richland County was a Seller's Market.

Key Takeaway

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

Housing Prices in Richland County, WI

How much do homes in Richland County, WI cost?

Median Sold Price

$215,500

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,600(+5.7%)

Key Takeaway

Homes in Richland County have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Richland County was $215,500 in November 2024, up 5.7% from last year, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $100.7K$79.9K
-20.7%
2 $210K$182K
-13.3%
3 $198K$234K
+18.2%
4 $325K$217K
-33.2%
5+ $217.5K$309K
+42.1%

Summary: Richland County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.7%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 33.2%, and 5+ bedroom homes increased by 42.1%.

Median Sold Price Compared To Nearby Counties

Vernon County
+10.6%
Richland County
+5.7%

Housing Supply in Richland County, WI

How many homes are available in Richland County, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
44440.0%

Summary: The Richland County real estate market had 44 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 108
-20.0%
3 2019
-5.0%
4 1013
+30.0%
5+ 44
0.0%

Summary: The Richland County 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 20%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
115-54.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Richland County, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Richland County in November 2024, down by 54.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Richland County, 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 20 Days Ago

Newest Listings in Richland County, WI

Nearby Markets to Richland County, WI

What housing markets are near Richland County, WI?