$6,353 Closing Credit*
$535,000
2,624 SqFt
4 Beds
•2 Full Baths
Listing Office: Creative Real Estate Group, LLC
Is Richmond, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Richmond was a Buyer'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
$435,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$22,941(+5.6%)
Key Takeaway
Homes in Richmond have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Richmond was $435,000 in December 2024, up 5.6% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $174K | N/A |
| 2 Bedrooms | $337.4K | $341.9K | +1.3% |
| 3 Bedrooms | $404.9K | $432.5K | +6.8% |
| 4 Bedrooms | $465K | $485K | +4.3% |
| 5+ Bedrooms | $402.5K | $530K | +31.7% |
Summary: Richmond housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 31.7%.
Median Sold Price Compared To Nearby Cities
| New Richmond | $351.3K | $373.7K | +6.4% |
| Richmond | $412K | $435K | +5.6% |
Housing Supply in Richmond, WI
How many homes are available in Richmond, WI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 43 | 29 | -32.6% |
Summary: The Richmond real estate market had 29 homes for sale in December 2024, a 32.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 25 | 11 | -56.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Richmond housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 56%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 11 | -35.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richmond, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Richmond in December 2024, down by 35.3% month-over-month. Of the 11 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 1 Days | 44 Days | +2833.3% |
Summary: Homes in Richmond had an average of 44 days on market in Dec 2024, up by 2833.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Richmond has remained consistent over time.
Summary: During December 2024, 11 homes were sold in Richmond; 18% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
