Richfield, WI housing market update: Values near $534K, inventory stays limited
Richfield, WI – March 2, 2026 – Home values remain in the mid-$500Ks, rates dipped under 6%, and for-sale options stay limited heading into spring.
Richfield’s housing picture continues to look steady on pricing, with limited selection for buyers. Zillow’s Home Value Index (data through Jan. 31, 2026) places typical home values at about $534K, and Zillow’s monthly snapshot showed 21 homes in for-sale inventory at that time.
Market snapshot (Zillow + Freddie Mac)
- Values: Zillow’s local index shows values up +3.9% year over year.
- Inventory: The latest monthly snapshot noted 4 new listings added (Jan. 31).
- Financing: Freddie Mac’s Primary Mortgage Market Survey reported the average 30-year fixed rate at 5.98% on Feb. 26, 2026, just under 6%.
For households planning a move, the combination of firm pricing and modest inventory can shape expectations: sellers may find a smaller competing set of listings, while buyers may need to act quickly when a home fits both budget and needs. Rate movement still matters as well, since even small changes can affect monthly payments and qualifying ranges.
What’s for sale right now (Zillow browse results)
Zillow’s Richfield browse page returned 18 active results across single-family homes and buildable lots. Recent asking prices ranged from roughly $110K for smaller lots up to about $1.3M for higher-end homes, with several listings clustered in the $560K–$740K range.
Inventory counts can look different depending on timing and how listings are grouped or filtered, so it can help to compare the monthly snapshot with the browse page when tracking supply.
Local process watch: zoning and approvals
For remodels, additions, and land-use questions, the Village’s zoning resources direct residents to Chapter 170 standards and the ZoningHub map portal for district rules and approvals. When projects or land plans are part of the transaction, verifying zoning details early can help reduce surprises later in the process.
What are buyers and sellers seeing right now: more showings, more price cuts, or more bidding?