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Published June 22, 2022
Nikon COOLPIX L820 · Unsplash License
The Richfield housing market showed steady activity in March. At the same time, when compared to the year so far, there are early signs of a slight shift in pace. Inventory has increased modestly, while buyers appear to be taking a bit more time in their decision-making.
Market Activity
So far in 2026, 24 homes have sold, with 11 of those sales occurring in March alone. In addition, 18 new listings came to market this month, contributing to a total of 29 new listings year-to-date.
This tells us that while activity remains consistent, March accounted for a meaningful portion of the year’s movement, suggesting a gradual buildup as we move into the spring season.
Home Prices
- Average List Price: $691,897 (YTD) → $643,284 (March)
- Median List Price: $664,098 (YTD) → $589,900 (March)
- Average Sales Price: $606,341 (YTD) → $584,809 (March)
- Median Sales Price: $597,667 (YTD) → $654,500 (March)
Pricing trends present a mixed but informative picture. While both average and median list prices came in lower during March compared to the year-to-date figures, the median sales price increased noticeably.
This suggests that although some homes are entering the market at more moderate price points, well-positioned properties are still achieving strong results. In other words, demand remains present for homes that are priced and presented effectively.
Market Pace
- Average Days on Market: 35 (YTD) → 43 (March)
- Sales Price to List Price Ratio: 100.33% (YTD) → 100.97% (March)
Homes are still selling at or slightly above asking price. However, the increase in average days on market—from 35 days year-to-date to 43 days in March—indicates a more measured pace.
So while buyers are continuing to compete on desirable homes, they are also taking more time to evaluate their options compared to earlier in the year.
Inventory Conditions
- Active Listings: 32 (YTD) → 19 (March)
- Months of Supply: 1.27 (YTD) → 1.73 (March)
- Absorption Rate: 0.85 (YTD) → 0.58 (March)
Inventory remains low overall, but there has been a slight increase in available supply during March. As a result, the months of supply rose from 1.27 to 1.73, giving buyers a bit more breathing room.
At the same time, the absorption rate has slowed, which reinforces the idea that while homes are still selling, they are not moving quite as quickly as earlier in the year.
Home Flow Insight 🌿
As the market begins to balance slightly, how your home feels is becoming increasingly important.
First, create clear and open pathways throughout the home. When buyers can move easily from space to space, the home naturally feels larger and more inviting.
Next, simplify each room. Rather than filling a space, focus on defining it. This helps buyers understand how they might live in the home.
Finally, bring in as much natural light as possible. Open blinds, clean windows, and use soft lighting where needed. A bright, open environment creates a stronger emotional connection.
When a home flows well, buyers tend to stay longer—and that often leads to stronger offers.
Let’s Connect
If you’re thinking about buying or selling in Richfield, or simply want a clearer understanding of your options, I’m here to help.
Dillon Reed
📞 262.305.5704
📧 dillon.reed@cbrealty.com
This March update reflects evolving conditions in the Richfield, WI real estate market, with steady demand, slightly increased inventory, and a more measured pace compared to earlier in 2026.
