Is Richland County, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Richland County was a Seller's Market.
Key Takeaway
Richland County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Richland County, WI
How much do homes in Richland County, WI cost?
Median Sold Price
$272,500
$155/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Richland County have sold for 13.8% less than they did a month ago.
Summary: The median home sold price in Richland County was $272,500 in April 2024, down 13.8% from last month, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $79.9K | N/A |
| 2 Bedrooms | $200K | $389.9K | +95.0% |
| 3 Bedrooms | $360K | $259K | -28.1% |
| 4 Bedrooms | $203.7K | $505K | +147.9% |
| 5+ Bedrooms | $552.5K | $275K | -50.2% |
Summary: Richland County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 95%, 3 bedroom homes decreased by 28.1%, 4 bedroom homes increased by 147.9%, and 5+ bedroom homes decreased by 50.2%.
Median Sold Price Compared To Nearby Counties
| Iowa County | $245K | $284.5K | +16.1% |
| Grant County | $203K | $200K | -1.5% |
| Richland County | $316K | $272.5K | -13.8% |
Housing Supply in Richland County, WI
How many homes are available in Richland County, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 53 | +6.0% |
Summary: The Richland County real estate market had 53 homes for sale in April 2024, a 6.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Richland County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richland County, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Richland County in April 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Richland County, WI
We’re sorry, we don't have information for this market at the moment
