Messer-Mayer Mill · Photo: Shawn Conrad · CC BY-SA 3.0137 homes sold in Richfield in the last year, at a typical $618K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Richfield homes are listed.
Every place Richfield homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Richfield.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 99% of Richfield’s sales, at a typical $619K
137 homes sold in the year to May 2026.
typical sale · 136 sold in 12 months
- Per square foot
- $233WI $196
- Days to sell
- 46
- Sold over asking
- 50%
- Listings with a price cut
- 23%
Condos: 1 sold, typical $480K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at twice the 2016 price
137 sales in the last year, against 181 in 2020 and a low of 99 in 2023. The typical sale went from $325K in 2016 to $618K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $600K buys in Richfield
Check a listing against what Richfield homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Richfield are more common than before the pandemic, but half fewer homes come up for sale
We read every month of Richfield’s home sales since 2015 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 137 sales.
If you’re buying in Richfield
- Shop in April. It brings about 16 new listings a month, close to the busiest month, with fewer bidding wars (33% over asking).
- Some room to negotiate. 23% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 101.1% of the list price on average; 50% paid over.
- Move fast on good ones. 56% of homes are under contract within two weeks.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 20 a month), but July is the most competitive: 45% of July sales close over asking. April offers nearly as much choice with fewer homes bid up (33%). February has the least competition (19%) but only about 10 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and hotter than Wisconsin
| Richfield now | 2017–19 | 2021 peak | WI now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 50% | 22% | 54% | 38% |
| Gone within two weeksShare of homes under contract within 14 days | 56% | 38% | 64% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 23% | 20% | 15% | 18% |
| Price paid vs. askingAverage sale price ÷ list price | 101.1% | 98% | 101.6% | 99.6% |
| Days to sellMedian days from listing to contract | 46 | 69 | 54 | 51 |
22 homes for sale on a typical day
That’s 1.4 times the 2023 low (16), 51% fewer than in 2017–19 and well under 2015’s 69.
1 in 4 listings has cut its price
23% in the last year, against 20% in 2017–19 and 18% across Wisconsin.
Richfield ranks 36th of 158 busy Wisconsin markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Richfield is one of the state’s hottest markets.
Source: Redfin Data Center, city market tracker, January 2015 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Richfield home costs about $3,717 a month
Price: Richfield’s typical sale, last 12 months. Property tax at Richfield’s 1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Richfield is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 4.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $618K home, about $5,910 a year.
Taxes vs. neighborsSchools
The schools grade for Richfield, from test results, graduation and how much students grow.
Schools in RichfieldTypical commute
The average one-way trip to work for people who live in Richfield.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Germantown and Slinger sell for less a square foot
The busier markets within 25 miles of Richfield, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Germantown | 265 | $438K | $211 | 47% | 53 |
| Sussex | 150 | $567K | $246 | 51% | 48 |
| Jackson | 139 | $390K | $230 | 34% | 62 |
| Richfield | 137 | $618K | $233 | 50% | 46 |
| Lisbon | 122 | $635K | $244 | 50% | 60 |
| Slinger | 119 | $448K | $213 | 34% | 56 |
| Lannon | 33 | $523K | $251 | 21% | 110 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Richfield, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Richfield. People who follow the town see it, and so do people comparing Richfield with their own town. No commission, no listing fee.
Questions about buying a home in Richfield
What do homes sell for in Richfield, WI?
137 homes sold in the year to May 2026 at a typical $618K, $233 a square foot.
Is Richfield a buyer’s or seller’s market?
A seller’s market: 19 homes were for sale in May 2026 and 14 sold, about 1.4 months of supply. Buyers paid 101.1% of asking on average, and 23% of listings cut their price.
When is the best time to buy in Richfield?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Richfield?
About 1% of a home’s value a year. On a $618K home that’s near $5,910.
Where can I see homes for sale in Richfield?
Zillow, Redfin, Realtor.com and Homes.com all carry Richfield’s MLS listings; the search links above open each one filtered to Richfield.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).