Is Richfield Springs, NY 13439 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Richfield Springs is a balanced market. With about 5.9 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.9Under 4 months = seller’s market
Sold above original list28.6%Share of sales, last 3 months
Median sale-to-list95.7%Sold price ÷ list price
Median days on market15Listing to accepted offer
Median price per sq ft$129▲ +15.5% vs. last year

The Richfield Springs housing market right now

In the three months ending August 31, 2026, 29% of homes in Richfield Springs, NY 13439 sold above their list price, the typical home went under contract in 15 days and there were 5.9 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 7 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 14%, homes sold faster (43 days then) and the median sale price rose 100% to $299,870. Overall, Richfield Springs is more competitive than a year ago, so tougher for buyers.

Within Otsego County, homes here sell faster than in 86% of the county’s ZIP codes, and sell more often over asking than in 64%.

Nearby, buyers who want less competition could look at Otego 13825 (0% sold over asking) or Milford 13807 (0% sold over asking), while East Worcester 12064 (100% sold over asking) and Morris 13808 (60% sold over asking) are even more competitive.

Nearby markets

Burlington Flats 13315Buyer’s market $198 /sq ftCherry Valley 13320Buyer’s market $126 /sq ftCooperstown 13326Buyer’s market $240 /sq ftEast Springfield 13333 — /sq ft Browse all markets →

Where Richfield Springs is

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Questions about Richfield Springs real estate

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

A balanced market: there were 5.9 months of supply in Richfield Springs, NY 13439 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Richfield Springs?

The typical home went under contract in 15 days in the latest three months.

Do homes in Richfield Springs sell over asking?

29% of homes sold above their original list price, and the typical sale closed at 95.7% of the list price.

What are property taxes in Richfield Springs?

About 1.70% of a home’s value a year in Otsego County, or roughly $6,800 on a $400,000 home.

What is the median home price in Richfield Springs?

The median sale price was $299,870 in the three months ending August 31, 2026, about $129 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology