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Is Richfield, UT 84701 a buyer’s or seller’s market?

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

Richfield is a buyer’s market. With about 9.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.8Under 4 months = seller’s market
Sold above original list15.4%Share of sales, last 3 months
Median sale-to-list93.6%Sold price ÷ list price
Median days on market11Listing to accepted offer
Median price per sq ft$146▼ −2.7% vs. last year

The Richfield housing market right now

In the three months ending August 31, 2026, 15% of homes in Richfield, UT 84701 sold above their list price, the typical home went under contract in 11 days and there were 9.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 13 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 3%, homes sold faster (36 days then) and the median sale price fell 29% to $234,898. Overall, Richfield is more competitive than a year ago, so tougher for buyers.

Within Sevier County, homes here sell faster than in 89% of the county’s ZIP codes, and sell less often over asking than in 56%.

Nearby, buyers who want less competition could look at Koosharem 84744 (0% sold over asking) or Sigurd 84657 (0% sold over asking), while Glenwood 84730 (100% sold over asking) and Joseph 84739 (100% sold over asking) are even more competitive.

Run the numbers for 84701

Prefilled for 84701Can I win this house?Multiple-offer likelihood for a listing Prefilled for 84701Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Annabella 84711 — /sq ftAurora 84620 $130 /sq ftElsinore 84724Buyer’s market $249 /sq ftGlenwood 84730Seller’s market $284 /sq ft Browse all markets →

Towns like Richfield nearby

Find towns like Richfield in other states →
Fillmore, UT84631 · 22 miles away87% similarcheaper homes ($36K less) · smaller Gunnison, UT84634 · 32 miles away78% similarcheaper homes ($44K less) · smaller Salina, UT84654 · 18 miles away77% similarcheaper homes ($49K less) · smaller Monroe, UT84754 · 6 miles away70% similarcheaper homes ($32K less) · smaller

Where Richfield is

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Questions about Richfield real estate

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

A buyer’s market: there were 9.8 months of supply in Richfield, UT 84701 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?

The typical home went under contract in 11 days in the latest three months.

Do homes in Richfield sell over asking?

15% of homes sold above their original list price, and the typical sale closed at 93.6% of the list price.

What are property taxes in Richfield?

About 0.54% of a home’s value a year in Sevier County, or roughly $2,160 on a $400,000 home.

What is the median home price in Richfield?

The median sale price was $234,898 in the three months ending August 31, 2026, about $146 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