Is Richmond, 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, 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
$363,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Richmond have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Richmond was $363,000 in March 2024, up 8.7% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $310K | +287.5% |
| 2 Bedrooms | $240K | $229.9K | -4.2% |
| 3 Bedrooms | $315K | $365K | +15.9% |
| 4 Bedrooms | $449.5K | $452.5K | +0.7% |
| 5+ Bedrooms | - | $665K | N/A |
Summary: Richmond housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 287.5%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Sugar Creek | $295K | $375K | +27.1% |
| Richmond | $334K | $363K | +8.7% |
| La Grange | $525K | $474.9K | -9.5% |
Housing Supply in Richmond, WI
How many homes are available in Richmond, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Summary: The Richmond real estate market had 8 homes for sale in March 2024, a 60.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 0 | 2 | +100.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Richmond 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
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 March 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
