$5,581 Closing Credit*
$470,000
2,302 SqFt
5 Beds
•2 Full Baths
Listing Office: Keller Williams Rlty Integrity*
Is Richmond, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Richmond was a Neutral Market.
Key Takeaway
Richmond is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Richmond, WI
How much do homes in Richmond, WI cost?
Median Sold Price
$430,028
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,778(+7.2%)
Key Takeaway
Homes in Richmond have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Richmond was $430,028 in November 2024, up 7.2% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $174K | N/A |
| 2 Bedrooms | $321.2K | $360K | +12.1% |
| 3 Bedrooms | $400K | $432.5K | +8.1% |
| 4 Bedrooms | $465K | $485K | +4.3% |
| 5+ Bedrooms | $402.5K | $530K | +31.7% |
Summary: Richmond housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 31.7%.
Median Sold Price Compared To Nearby Cities
| Richmond | $401.2K | $430K | +7.2% |
| New Richmond | $350K | $370.2K | +5.8% |
| Saint Joseph | $590K | $572K | -3.1% |
Housing Supply in Richmond, WI
How many homes are available in Richmond, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 43 | 0.0% |
Summary: The Richmond real estate market had 43 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Richmond 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 increased by 13.6%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 17 | +240.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richmond, expect to pay close to the asking price. 70.6% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in Richmond in November 2024, up by 240.0% month-over-month. Of the 17 sold homes, 12% were sold under asking, 71% were sold at asking, and 18% were sold over asking.
Days on Market for Richmond, WI
How long does it take to sell a home in Richmond, WI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 52 Days | -5.8% |
Summary: Homes in Richmond had an average of 52 days on market in Nov 2024, down by 5.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Richmond are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in Richmond; 35% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
