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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richmond is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Richmond, WI

How much do homes in Richmond, WI cost?

Median Sold Price

$337,450

$267/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$9,050(-2.6%)

Key Takeaway

Homes in Richmond have sold for 2.6% less than they did a year ago.

Summary: The median home sold price in Richmond was $337,450 in October 2024, down 2.6% from last year, and the median price per square foot was $267.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $80K$310K
+287.5%
2 $219.9K$240K
+9.1%
3 $350K$349.9K
0%
4 $355K$603.5K
+70.0%
5+ $560K$765K
+36.6%

Summary: Richmond housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 287.5%, 2 bedroom homes increased by 9.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 70%, and 5+ bedroom homes increased by 36.6%.

Median Sold Price Compared To Nearby Cities

Sugar Creek
+3.4%
Richmond
-2.6%

Housing Supply in Richmond, WI

How many homes are available in Richmond, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
880.0%

Summary: The Richmond real estate market had 8 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 11
0.0%
4 33
0.0%
5+ 22
0.0%

Summary: The Richmond housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Richmond, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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

Days on Market for Richmond, 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 Richmond, WI

Nearby Markets to Richmond, WI

What housing markets are near Richmond, WI?