Is Richfield, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Richfield was a Buyer's Market.
Housing Prices in Richfield, WI
How much do homes in Richfield, WI cost?
Median Sold Price
$492,675
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Richfield was $492,675 in March 2024, up 6.9% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $134.9K | $410K | +203.9% |
2 Bedrooms | $349.9K | $427.1K | +22.1% |
3 Bedrooms | $425K | $452.5K | +6.5% |
4 Bedrooms | $562.5K | $600K | +6.7% |
5+ Bedrooms | $543K | $717.9K | +32.2% |
Summary: Richfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 203.9%, 2 bedroom homes increased by 22.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 32.2%.
Median Sold Price Compared To Nearby Cities
Colgate | $465K | $534K | +14.8% |
Germantown | $362.7K | $405K | +11.6% |
Hubertus | $442K | $476.2K | +7.7% |
Richfield | $461K | $492.6K | +6.9% |
Housing Supply in Richfield, WI
How many homes are available in Richfield, WI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 13 | +8.3% |
Summary: The Richfield real estate market had 13 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Richfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Richfield in March 2024, down by 40.0% 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 Richfield, WI
We’re sorry, we don't have information for this market at the moment