New - 6 hours on Rocket
$6,114 Closing Credit¹
Listing Office: JPW Realty
New Richmond Housing Market Report December 2024•Saint Croix County, Wisconsin
Housing Prices in New Richmond, WI
How much do homes in New Richmond, WI cost?
Housing Market Conditions
Is New Richmond, WI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
New Richmond is a Seller's Market
Difference Since December 2023
Since last year, New Richmond has remained a Seller's Market.
Insight
New Richmond is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$373,766$188/SqFt
+$22,433
+6.4%
Based on all homes sold in the last 12 months
Insight
Homes in New Richmond have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in New Richmond was $373,766 in December 2024, up 6.4% from last year, and the median price per square foot was $188.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| New Richmond | $351.3K | $373.7K | +6.4% |
| Richmond | $412K | $435K | +5.6% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $164.9K | $252K | +52.8% |
| 22 Bedrooms | $289.9K | $285K | -1.7% |
| 33 Bedrooms | $348K | $365K | +4.9% |
| 44 Bedrooms | $397.5K | $429K | +7.9% |
| 55+ Bedrooms | $408.7K | $515K | +26.0% |
Summary: New Richmond housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +52.8%. The home price for 2 bedroom homes decreased by -1.7%. The home price for 3 bedroom homes increased by +4.9%. The home price for 4 bedroom homes increased by +7.9%. The home price for 5 bedroom homes increased by +26.0%.
Housing supply in New Richmond, WI
How many homes are available in New Richmond, WI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 197Last MonthDec 2024 | ||
| 2202 months agoNov 2024 | -10.5 % Change MoMNov – Dec |
Summary: The New Richmond real estate market had 197 homes for sale in Dec 2024, a 10.5 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 38Last MonthDec 2024 | ||
| 512 months agoNov 2024 | -25.5 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 31 | 35 | +12.9% |
| 33 Bedrooms | 91 | 71 | -22.0% |
| 44 Bedrooms | 81 | 68 | -16.0% |
| 55+ Bedrooms | 17 | 23 | +35.3% |
Summary: New Richmond housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +12.9%. The inventory for 3 bedroom homes decreased by -22.0%. The inventory for 4 bedroom homes decreased by -16.0%. The inventory for 5 bedroom homes increased by +35.3%.
Asking Price vs. Sold Price
How much do homes in New Richmond, WI cost?
Over Asking Price14 Homes
At Asking Price12 Homes
Under Asking Price12 Homes
Insight
If you're buying a home in New Richmond, you could pay more than the asking price. 36.8% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in New Richmond in December 2024, down by 25.5% month-over-month. Of the 38 sold homes, 32% were sold under asking, 32% were sold at asking, and and 37% were sold over asking.
Days on Market for New Richmond, WI
How long does it take to sell a home in New Richmond, WI?
Breakdown of Home Sale Times
Under 30 Days7 Homes
30 – 90 Days17 Homes
Over 90 Days1 Home
Insight
Avg time on Rocket Homes in New Richmond has remained consistent over time.
Summary: During December 2024, 38 homes were sold in New Richmond; 18% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 50 DaysThis YearDec 2024 | ||
| 36 Days1 year agoDec 2023 | +41.3 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in New Richmond had an average listing age of 50 days in Dec 2024, up by 41.3% compared to the previous year.
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Newest Listings in New Richmond, WI
What homes are available in New Richmond, WI?
New - 1 day on Rocket
$6,175 Closing Credit¹
#6650157, Dan Payne, Listing Office: Coldwell Banker Realty
New - 1 day on Rocket
$6,175 Closing Credit¹
Listing Office: Coldwell Banker Realty
New - 1 day on Rocket
$6,531 Closing Credit¹
#6650104, Dan Payne, Listing Office: Coldwell Banker Realty
New - 1 day on Rocket
$6,531 Closing Credit¹
Listing Office: Coldwell Banker Realty
New - 2 days on Rocket
$5,046 Closing Credit¹
#6649625, Rachael DeMaggio, Listing Office: New Home Star Wisconsin
New - 2 days on Rocket
$5,046 Closing Credit¹
Listing Office: New Home Star Wisconsin
New - 3 days on Rocket
$3,799 Closing Credit¹
#6649107, Jon Haasch, Listing Office: Haasch Real Estate Services
New - 3 days on Rocket
$3,799 Closing Credit¹
Listing Office: Haasch Real Estate Services
New - 7 days on Rocket
$5,046 Closing Credit¹
Listing Office: JPW Realty
$5,641 Closing Credit¹
#6645185, Rachael DeMaggio, Listing Office: New Home Star Wisconsin
$5,046 Closing Credit¹
#6626461, Rachael DeMaggio, Listing Office: New Home Star Wisconsin
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MLS Disclaimers and Copyright
Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., and Wisconsin Real Estate Exchange for the period 01/01/2023 - 01/01/2025
Copyright © 2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. By searching, you agree to the EULA Terms Agreement.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:22:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. Information is supplied by seller and other third parties and has not been verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor this broker nor MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. Information is supplied by seller and other third parties and has not been verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor this broker nor MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.