Market Overview
warmRichfield’s median home price is roughly 32% below the Utah average, yet homes are selling for 108% of list price and price growth surged 220% month‑over‑month.- •Median price is $350K, 32.5% lower than the state median of $518,888.
- •Sale‑to‑list ratio of 107.7% indicates buyers are willing to pay above asking.
- •Month‑over‑month price change jumped +220%, showing rapid price acceleration.
- •Mortgage rates have edged up, with the 30‑year rate climbing from 6.24% to 6.35% over the past six months.
- •Inventory is tight: 22 active listings versus 22 closed sales in the last three months.
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Frequently Asked Questions About Richfield Real Estate
As of May 2026, the median home price in Richfield, Utah is $350,000, which is 32.4% below the Utah state median of $517,990. Home prices in Richfield range from $220,000 to $1,299,000, with an average sale price of $389,173. These figures are based on recent closed transactions in the Richfield real estate market.
Richfield, Utah is currently a warm market that leans slightly toward sellers. Key indicators include an average sale-to-list price ratio of 107.7% and homes spending an average of 76 days on the market. Richfield’s median home price is roughly 32% below the Utah average, yet homes are selling for 108% of list price and price growth surged 220% month‑over‑month.
Homes in Richfield, Utah spend an average of 76 days on the market before going under contract compared to the Utah state average of 72 days (6.1% above average). This gives buyers time to carefully evaluate options and negotiate terms. Properties that are priced competitively and show well tend to sell fastest.