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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richmond is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Richmond has remained a Seller's 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

$337,450

$267/sqft

Based on all homes sold in the last 12 months.

Difference Since November 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 November 2024, down 2.6% from last year, and the median price per square foot was $267.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $195K-
N/A
2 $199.9K$260K
+30.1%
3 $350K$349.9K
0%
4 $355K$603.5K
+70.0%
5+ $560K$765K
+36.6%

Summary: Richmond housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.1%, 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
+2.7%
Richmond
-2.6%

Housing Supply in Richmond, WI

How many homes are available in Richmond, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
880.0%

Summary: The Richmond real estate market had 8 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 22
0.0%
3 11
0.0%
4 32
-33.3%
5+ 23
+50.0%

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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Richmond in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% 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 21 Days Ago

Newest Listings in Richmond, WI

Nearby Markets to Richmond, WI

What housing markets are near Richmond, WI?