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Featured local agent — Richfield, WI
Sarah Mitchell
Compass Real Estate · Richfield, WI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Richfield, WI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$526,900median sale price
How is the Richfield, WI housing market right now?
The median home sale price in Richfield, WI is $526,900, up 1.8% year-over-year. Homes sell in an average of 45 days with 19 active listings. The market is currently a strong 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 Richfield a buyer's or seller's market?
Richfield, WI is currently a strong seller's market, based on 1.4 months of supply and homes selling in about 45 days. How we determine this →
Homes sold
14
Last 12 weeks
Days on market
45
Average pace
Active listings
19
1.4 months supply
Sale-to-list
100.1%
Above asking
What does the Richfield housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $526,900 |
| Median list price | $459,900 |
| Year-over-year price change | +1.8% |
| Average days on market | 45 days |
| Active inventory | 19 listings |
| Months of supply | 1.4 months |
| Sale-to-list price ratio | 100.1% |
| Median price per sq ft | $208/sq ft |
| Homes sold (latest month) | 14 |
| New listings (latest month) | 14 |
| Listings with a price cut | 15.8% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Richfield by property type?
How the Richfield, 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 | $526,900 | $208/sq ft | 14 | 45 days |
| Condo / Co-op | $480,000 | $290/sq ft | 1 | 46 days |
Source: Redfin · Updated monthly
The Richfield housing market is currently classified as a strong seller's market with a median sale price of $526,900. Prices have risen 1.8% compared to last year, with homes spending an average of 45 days on market, indicating 1.4 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 4.2x provides context for how home values compare to local earning capacity.
Homes for sale in Richfield
There are currently 19 homes listed for sale in Richfield, Wisconsin. The median listing price is $460K.
Active listings
19
Homes on market
Median list price
$460K
Avg. days on market
45
Days until sale
New this week
14
Newly listed
Who lives in Richfield?
Population
11,806
Median income
$135,774/yr
Median age
49.7 years
Owner-occupied
97.4%
College grads
49.1%
Avg commute
28.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Richfield?
Zillow home value
$567,919
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in Richfield?
Richfield is a community of approximately 12K residents with a median age of 49.7 years.The median household income is $135,774, which reflects a relatively affluent area with strong earning potential. 49.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 97.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Richfield offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Richfield?
1 schools tracked · 184 students
The largest public schools serving Richfield, 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.
Richfield Middle
Grades 5-8 · 184 students
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 Richfield, WI?
Want a head-to-head view? Compare Richfield side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Richfield?
The median home sale price in Richfield is $526,900, up 1.8% from last year.
How long do homes stay on market in Richfield?
Homes typically spend 45 days on market before going under contract.
What is the median income in Richfield?
The median household income is $135,774 per year.
Is Richfield a buyer's or seller's market?
With 1.4 months of supply, Richfield is currently a strong seller's market.
What is the Zillow home value estimate for Richfield?
The Zillow Home Value Index (ZHVI) for Richfield is $567,919, representing the typical home value in the area.
What is the median condo price in Richfield?
The median condo/co-op sale price in Richfield, WI is $480,000, compared to $526,900 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Richfield?
The median single-family home price in Richfield, WI is $526,900 (about $208 per square foot).
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