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Magnolia Warbler in spring bloom. Photo by Lorie Shaull (CC BY 2.0).
The Richfield housing market remained active throughout May, with buyer demand continuing to outpace the limited supply of homes available for sale. Inventory remains tight, and well-priced homes continue to attract attention quickly as we move further into the summer market.
Through the first five months of 2026, 49 homes have sold in Richfield. The average sales price year to date is $607,297, while the median sales price stands at $586,410. During May alone, 15 homes sold with an average sales price of $571,640 and a median sales price of $523,800.
Inventory continues to be one of the defining features of the Richfield market. There were just 14 active properties for sale during May, resulting in less than one month of housing supply at 0.93 months. Additionally, 15 new listings came to market during the month, matching the number of homes that sold. This balance suggests that while buyers remain active, new inventory continues to be absorbed as it becomes available.
Homes also continued to sell close to asking price. The average list price during May was $515,514, while the median list price was $459,900. Meanwhile, homes sold for 100.01% of their asking price during the month and 101.05% year to date. This reflects continued buyer demand for homes that are priced appropriately and presented well.
The pace of the market remained strong as well. Homes sold in an average of just 10 days during May, compared to 25 days year to date. While every property is different, many well-prepared homes continue to attract strong interest and move quickly once they hit the market.
The average sales price per square foot reached $225 during May, while year-to-date sales have averaged $252 per square foot. Together, these figures point to continued stability and strength within the Richfield housing market.
Home Flow Insight
This week’s Home Flow Insight focuses on transitions between indoor and outdoor spaces. Buyers often pay close attention to how patios, decks, porches, and backyard areas connect to the home itself.
Simple touches such as arranging outdoor seating, sweeping walkways, or placing a few planters near an entrance can help create a sense of continuity between the interior and exterior. These spaces do not need to be elaborate. Buyers simply want to imagine themselves enjoying them comfortably throughout the seasons.
Whether you’re thinking about buying, selling, or simply staying informed about the local market, understanding current trends can help you make more confident real estate decisions.
If you’d like to discuss the Richfield market or learn what your home may be worth in today’s market, I’d be happy to help.
Dillon Reed
📞 262.305.5704
📧 dillon.reed@cbrealty.com
Richfield, Wisconsin housing market update for May 2026, including home prices, inventory levels, days on market, inventory trends, and local real estate market conditions.
