Stay informed with Rocket and Redfin

Understand your market like never before.

Richfield Springs Housing Market Report June 2025•Otsego County, New York

hero building illustration for mobile

Housing Prices in Richfield Springs, NY

How much do homes in Richfield Springs, NY cost?

Housing Market Conditions

Is Richfield Springs, NY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Richfield Springs is a Seller's Market

Difference Since May 2025

Last month, Richfield Springs was a Buyer's Market.

Insight

Richfield Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$204,950$315/SqFt
-$194,950
-48.7%

Based on all homes sold in June 2025

Insight

Homes in Richfield Springs have sold for 48.7% less than they did a month ago.

Summary: The median home sold price in Richfield Springs was $204,950 in June 2025, down 48.7% from last month, and the median price per square foot was $315.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2025Jun 2025Change MoM
1-$240K
N/A
2$399.9K$169.9K
-57.5%
3-$232.5K
N/A
4--
N/A
5--
N/A

Summary: Richfield Springs housing price by bedroom type for June 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -57.5%. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Richfield Springs, NY compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Richfield Springs, NY

Housing supply in Richfield Springs, NY

How many homes are available in Richfield Springs, NY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
18Last MonthJun 2025
122 months agoMay 2025
+50.0 %
Change MoMMay – Jun

Summary: The Richfield Springs real estate market had 18 homes for sale in Jun 2025, a 50.0 % increase compared to May 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
4Last MonthJun 2025
12 months agoMay 2025
+300.0 %
Change MoMMay – Jun

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMay 2025Jun 2025Change MoM
111
0.0%
233
0.0%
3510
+100.0%
400
0.0%
534
+33.3%

Summary: Richfield Springs housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +100.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +33.3%.

Asking Price vs. Sold Price

How much do homes in Richfield Springs, NY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price1 Home

Under Asking Price2 Homes

Insight

If you're buying a home in Richfield Springs, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Richfield Springs in June 2025, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and and 25% were sold over asking.

Days on Market for Richfield Springs, NY

How long does it take to sell a home in Richfield Springs, NY?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in Richfield Springs are selling fast, if you're buying plan to act quickly.

Summary: During June 2025, 4 homes were sold in Richfield Springs; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
10 DaysLast MonthJun 2025
3 Days1 month agoMay 2025
+258.3 %
Change MoMMay – Jun

Summary: Homes in Richfield Springs had an average listing age of 10 days in Jun 2025, up by 258.3% compared to the previous month.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Richfield Springs, NY

What homes are available in Richfield Springs, NY?

See More Listings

Nearby markets

Nearby markets aren't available for Richfield Springs, NY

Popular Cities with Homes for Sale in New York

MLS Disclaimers and Copyright

Based on information from New York State Alliance of MLS, for the period 05/01/2025 - 07/01/2025

IDXThe data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.

© 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 7/3/2025, 12:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.