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Featured local agent — New Richmond, WI
Sarah Mitchell
Compass Real Estate · New Richmond, WI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Richmond, WI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$385,000median sale price
How is the New Richmond, WI housing market right now?
The median home sale price in New Richmond, WI is $385,000, down 4.2% year-over-year. Homes sell in an average of 50 days with 72 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is New Richmond a buyer's or seller's market?
New Richmond, WI is currently a seller's market, based on 3.4 months of supply and homes selling in about 50 days. How we determine this →
Homes sold
21
Last 12 weeks
Days on market
50
Average pace
Active listings
72
3.4 months supply
Sale-to-list
100.1%
Above asking
What does the New Richmond housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $385,000 |
| Median list price | $379,900 |
| Year-over-year price change | -4.2% |
| Average days on market | 50 days |
| Active inventory | 72 listings |
| Months of supply | 3.4 months |
| Sale-to-list price ratio | 100.1% |
| Median price per sq ft | $209/sq ft |
| Homes sold (latest month) | 21 |
| New listings (latest month) | 26 |
| Listings with a price cut | 16.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in New Richmond by property type?
How the New Richmond, WI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $405,229 | $217/sq ft | 18 | 55 days |
| Condo / Co-op | $215,000 | $153/sq ft | 1 | 101 days |
| Townhouse | $289,900 | $209/sq ft | 1 | 7 days |
Source: Redfin · Updated monthly
The New Richmond housing market is currently classified as a seller's market with a median sale price of $385,000. Prices have fallen 4.2% compared to last year, with homes spending an average of 50 days on market, indicating 3.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.4x provides context for how home values compare to local earning capacity.
Homes for sale in New Richmond
There are currently 72 homes listed for sale in New Richmond, Wisconsin. The median listing price is $380K.
Active listings
72
Homes on market
Median list price
$380K
Avg. days on market
50
Days until sale
New this week
26
Newly listed
Who lives in New Richmond?
Population
10,334
Median income
$87,500/yr
Median age
37.6 years
Owner-occupied
62.8%
College grads
33.1%
Avg commute
25.9 min
Source: U.S. Census Bureau ACS
What are homes worth in New Richmond?
Zillow home value
$383,761
Zillow rent index
$1,600/mo
Price-to-rent ratio
20.0x
Price-to-income
4.4x
Source: Zillow Research
What is it like to live in New Richmond?
New Richmond is a community of approximately 10K residents with a median age of 37.6 years.The median household income is $87,500, which reflects a relatively affluent area with strong earning potential. 33.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 62.8%, showing a blend of owner and renter-occupied properties. The average commute time is 25.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, New Richmond offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve New Richmond?
8 schools tracked · 3,532 students
The largest public schools serving New Richmond, WI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
New Richmond High
Grades 9-12 · 1,086 students
New Richmond Middle
Grades 6-8 · 726 students
New Richmond Hillside Elementary
Grades K-5 · 568 students
New Richmond Starr Elementary
Grades K-5 · 552 students
New Richmond Paperjack Elementary
Grades K-5 · 335 students
NR4Kids
Grades PK · 245 students
New Richmond Early Childhood Special Education
Grades PK · 20 students
St Croix Correctional Center
Grades 7-12
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near New Richmond, WI?
Want a head-to-head view? Compare New Richmond side-by-side with any other U.S. city using our market-comparison tool.
Is New Richmond a good real estate investment market?
For investors evaluating New Richmond, the price-to-rent ratio of 20.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 4.2% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on New Richmond's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using New Richmond's median home price.
Frequently asked questions
What is the average home price in New Richmond?
The median home sale price in New Richmond is $385,000, down 4.2% from last year.
How long do homes stay on market in New Richmond?
Homes typically spend 50 days on market before going under contract.
What is the median income in New Richmond?
The median household income is $87,500 per year.
Is New Richmond a buyer's or seller's market?
With 3.4 months of supply, New Richmond is currently a seller's market.
What is the Zillow home value estimate for New Richmond?
The Zillow Home Value Index (ZHVI) for New Richmond is $383,761, representing the typical home value in the area.
What is the median condo price in New Richmond?
The median condo/co-op sale price in New Richmond, WI is $215,000, compared to $405,229 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in New Richmond?
The median single-family home price in New Richmond, WI is $405,229 (about $217 per square foot).
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