Is New Richmond, WI 54017 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

New Richmond is a seller’s market. With about 2.5 months of supply and 30% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score63/ 100

More competitive than 66% of U.S. ZIP codes, and #185 of 319 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply2.5Under 4 months = seller’s market
Sold above original list29.9%Share of sales, last 3 months
Median sale-to-list100.1%Sold price ÷ list price
Median days on market47Listing to accepted offer
Median price per sq ft$211▲ +4.4% vs. last year

The New Richmond housing market right now

In the three months ending August 31, 2026, 30% of homes in New Richmond, WI 54017 sold above their list price, the typical home went under contract in 47 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 100 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (29% then), homes sold faster (51 days then) and the median sale price rose 11% to $415,327. Overall, New Richmond is about as competitive as it was a year ago.

Within St. Croix County, homes here sell more slowly than in 89% of the county’s ZIP codes, and sell less often over asking than in 67%. On our competition score, New Richmond ranks #185 of 319 WI ZIP codes with enough sales (score 63 out of 100).

Nearby, buyers who want less competition could look at Wilson 54027 (0% sold over asking) or Baldwin 54002 (23% sold over asking), while Hammond 54015 (72% sold over asking) and Houlton 54082 (60% sold over asking) are even more competitive.

Nearby markets

Baldwin 54002Seller’s market $200 /sq ftDeer Park 54007 — /sq ftGlenwood City 54013Balanced $179 /sq ftHammond 54015Seller’s market $241 /sq ft Browse all markets →

Where New Richmond is

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Questions about New Richmond real estate

Is New Richmond a buyer’s or seller’s market?

A seller’s market: there were 2.5 months of supply in New Richmond, WI 54017 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 New Richmond?

The typical home went under contract in 47 days in the latest three months.

Do homes in New Richmond sell over asking?

30% of homes sold above their original list price, and the typical sale closed at 100.1% of the list price.

What are property taxes in New Richmond?

About 1.17% of a home’s value a year in St. Croix County, or roughly $4,680 on a $400,000 home.

What is the median home price in New Richmond?

The median sale price was $415,327 in the three months ending August 31, 2026, about $211 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