Richfield, WI Real Estate

Richfield, Wisconsin provides a small suburban community on the outskirts of the city of Milwaukee. The village is nestled in the heart of the Kettle Moraine area. The village maintains five gorgeous lakes that offer year-round activities. More than 200 small and large commercial businesses have become established in Richfield. The village is in close proximity to the city of Milwaukee, but far enough away to enjoy country living. The location of the village provides easy access to southeastern Wisconsin communities via Highway 41 and 45. Populated by 3,875 people, Richfield offers an excellent place to reside.

To find homes for sale in Richfield, click here.

Real Estate
The Richfield housing marketing offers an array of homes for sale. Houses on the market include custom-built tri-level homes, Contemporaries with breath-taking views, three-bedroom Colonials and million dollar French Country masterpieces. Subdivisions have been developing around the village providing hundreds of acres of private open space with the lots. The average price of a home in the Richfield area is $248,450. The village has one of the lowest municipal tax rates in the Milwaukee area.

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The village maintains six community parks including Richfield Nature Park, Heritage Park and Glacier Hills County Park. Glacier Hills offers trails for hiking trails, cross-country skiing and volleyball and basketball courts. Richfield Nature Park has nature trails, bird watching and wildlife habitat within the acres of land. Local parks have playgrounds, tennis courts, basketball courts and baseball fields.

Golfers can enjoy 18-holes of golf at the Kettle Hills Golf Course. The course offers 45-holes among valleys, beautiful wooded terrain and rolling hills. The facility has three courses than can challenge golfers of every skill level. Arrowhead Springs Golf Course provides 9-holes, so golfers can practice their short-game.

Richfield maintains five beautiful lakes with scenic views. Lakes around the village include Friess Lake, Bark Lake and Amy Belle Lake. The lakes offer plenty of recreational opportunities such as fishing and swimming.

Richfield Days is an annual event showcasing music, games, rides and an excellent selection of food. A local softball tournament is held at the festival. The event schedules a fireworks display and parade during Richfield Days.

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Richfield recently became a village on February 13, 2008 with an overwhelming amount of residents encouraging the incorporation.

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Richfield properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Addison Elementary School (Hartford) Slinger School District public 443 Not Provided Addison Elementary School GreatSchools Rating
Allenton Elementary School (Allenton) Slinger School District public 364 Not Provided Allenton Elementary School GreatSchools Rating
Amy Belle Elementary School (Colgate) Germantown School District public 381 Not Provided Amy Belle Elementary School GreatSchools Rating
County Line Elementary School (Germantown) Germantown School District public 511 Not Provided County Line Elementary School GreatSchools Rating
Macarthur Elementary School (Germantown) Germantown School District public 396 Not Provided Macarthur Elementary School GreatSchools Rating
Rockfield Elementary School (Richfield) Germantown School District public 342 Not Provided Rockfield Elementary School GreatSchools Rating
Slinger Elementary School (Slinger) Slinger School District public 612 Not Provided Slinger Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Kennedy Middle School (Germantown) Germantown School District public 895 Not Provided Kennedy Middle School GreatSchools Rating
Richfield Elementary School (Richfield) Richfield J1 School District public 246 Not Provided Richfield Elementary School GreatSchools Rating
Slinger Middle School (Slinger) Slinger School District public 694 Not Provided Slinger Middle School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Germantown High School (Germantown) Germantown School District public 1408 Not Provided Germantown High School GreatSchools Rating
Slinger High School (Slinger) Slinger School District public 972 Not Provided Slinger High School GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 3,306 133,027 5,742,119
Total Households 1,216 52,886 2,299,100
Total Families 1,009 37,907 1,469,281
Population Density 149 3,514 446,124
Percent Male 51% 50% 50%
Percent Female 49% 50% 50%
White Collar Jobs 72% 64% 56%
Blue Collar Jobs 28% 36% 44%

Top Occupations

Professions Population Employed
Manufacturing 404
Healthcare 373
Management 365
Retail 351
Sales 303
Information, Scientific and Technical 270
Transportation 249
Professional Services 175
Natural Resources 163
Arts and Media 155

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income with Head of House hold under age of 25

Household Income with Head of House Hold between the ages of 25 and 44

Household Income with Head of House Hold between the ages of 45 and 64

Household Income with Head of Household over the age of 65

Housing Demographics

  City County State
Total Housing Units 1,284 55,351 2,641,602
Owner Occupied Housing Units 1,108 41,251 1,547,197
Renter Occupied Housing Units 109 11,628 751,903
Vacant Housing Units 67 2,472 342,513
Occupancy Rate 95% 96% 87%
Vehicles Per Housing Unit 2 23 1,563

Commute Time To Work

  City County State
Less than 5 minutes 31 2,407 124,926
5 - 14 minutes 429 8,393 372,202
15 - 29 minutes 799 7,985 448,527
30 - 44 minutes 425 9,381 290,632
45-59 minutes 101 5,744 152,657
Over 60 minutes 70 2,219 85,622

Total Housing Units

Housing By Occupant

Commute Time To Work

Monthly Rental Rates

Monthly Mortgage Costs

Age of Homeowners

Education Attainment

  City County State
Some High School 162 6,241 347,427
High School Graduate 532 27,763 1,239,522
Some College 608 21,255 817,979
Associates Degree 237 10,533 390,482
Bachelors Degree 627 19,323 713,854
Graduate Degree 187 5,982 261,601

Education Attainment


Market Conditions
Market Conditions for Richfield - September 2019 | Shorewest Realtors®
September 2019

Market Conditions for Richfield

Median Sale Price Graph

Median Sale Price

The median sale price for homes in September was $345,000. The median sales price for homes in September fell by ($73,000) compared to last month. This represents a 17.46% decrease from August. Compared to the same month last year, the median price of homes fell by ($75,350) representing a -17.92% year-over-year change.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale remained level in September to 46. Compared to the same month last year when there were 43 homes for sale, the inventory of homes for sale has risen by 3 representing a 6.97% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 9 homes sold in September was 12 less than in August. This represents a 57.14% decrease in sales from August. Compared to the same month last year, the number of homes sold increased by 2, a 28.57% year-over-year increase.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in September (19) decreased by 25 days compared to August. This represents a 56.81% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold increased by 2, a 11.76% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 97.6% in September rose by 0.81% compared to August and increased 1.46% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in September (20) fell by 6 compared to August, a 23.07% change. Compared to September 2018, the number of new listings increased by 3, a 17.64% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in September was $407,450. The median list price for homes in September rose by $32,500 compared to last month. This represents a 8.66% increase from August. Compared to the same month last year, the median list price of homes increased $37,450 representing a 10.12% year-over-year increase.




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