Is New Richmond, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New Richmond has remained a Neutral Market.
Housing Prices in New Richmond, WI
How much do homes in New Richmond, WI cost?
Median Sold Price
$358,933
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Richmond was $358,933 in April 2024, up 5.6% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $140.9K | -31.2% |
2 Bedrooms | $265K | $290K | +9.4% |
3 Bedrooms | $350K | $342.5K | -2.1% |
4 Bedrooms | $364.4K | $435K | +19.4% |
5+ Bedrooms | $444.9K | $412.5K | -7.3% |
Summary: New Richmond housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.2%, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes decreased by 7.3%.
Median Sold Price Compared To Nearby Cities
Richmond | $400K | $429.2K | +7.3% |
New Richmond | $340K | $358.9K | +5.6% |
Housing Supply in New Richmond, WI
How many homes are available in New Richmond, WI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
159 | 183 | +15.1% |
Summary: The New Richmond real estate market had 183 homes for sale in April 2024, a 15.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 27 | 34 | +25.9% |
3 Bedrooms | 71 | 83 | +16.9% |
4 Bedrooms | 47 | 49 | +4.3% |
5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The New Richmond housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 30 | -18.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in New Richmond in April 2024, down by 18.9% month-over-month. Of the 30 sold homes, 50% were sold under asking, 27% were sold at asking, and 23% were sold over asking.
Days on Market for New Richmond, WI
How long does it take to sell a home in New Richmond, WI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
70 Days | 55 Days | -21.7% |
Summary: Homes in New Richmond had an average of 55 days on market in Apr 2024, down by 21.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in New Richmond; 17% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.