Name: Richfield Real Estate Market Data
Creator: Propaired

Question 1

What is the median home price in Richfield, Utah in 2026?

Accepted Answer

As of July 2026, the median home price in Richfield, Utah is $320,000, which is 39.0% below the Utah state median of $525,000. Home prices in Richfield range from $100,000 to $1,299,000, with an average sale price of $294,518. These figures are based on recent closed transactions in the Richfield real estate market.

Question 2

Is Richfield, Utah a buyer's or seller's market?

Accepted Answer

Richfield, Utah is currently a cooling market that is shifting toward buyers. Key indicators include an average sale-to-list price ratio of 93.7% and homes spending an average of 54 days on the market. Richfield’s median home price is about 39 % lower than the Utah median and homes sell faster (54 days vs. 61 state average) but at a lower sale‑to‑list ratio (93.7 %).

Question 3

How long do homes stay on the market in Richfield?

Accepted Answer

Homes in Richfield, Utah spend an average of 54 days on the market before going under contract compared to the Utah state average of 61 days (11.8% below average). This is a moderate pace, giving buyers some time to make decisions. Properties that are priced competitively and show well tend to sell fastest.

Question 4

How many homes are for sale in Richfield, Utah?

Accepted Answer

As of July 2026, there are 32 active homes for sale in Richfield, Utah with 31 new listings added recently. In the most recent reporting period, 11 transactions closed in Richfield. The inventory level can change quickly, so checking regularly helps buyers stay ahead of new opportunities.

Question 5

Are there new construction homes for sale in Richfield, Utah?

Accepted Answer

Yes — Richfield currently has 31 new listings recently added to the market, with prices starting from $100,000. New construction homes (year built ≥ 2025 or builder-flagged in MLS) can be found using the "New Construction" filter on Propaired. The overall median home price in Richfield is $320,000.

Question 6

How does Richfield compare to the Utah state average?

Accepted Answer

Richfield home prices are 39.0% below the Utah state median of $525,000, with a local median of $320,000. Homes sell faster than the state average — 54 days in Richfield vs 61 days statewide (11.8% below average). The sale-to-list ratio is 93.7% locally vs 99.0% statewide.

Question 7

Are homes in Richfield more expensive than the Utah average?

Accepted Answer

No, homes in Richfield are more affordable than the Utah state average. The median home price in Richfield is $320,000, compared to the statewide median of $525,000 — a difference of $205,000 (-39.0%). This makes Richfield an attractive option for buyers seeking value in Utah.

Question 8

Do homes sell faster in Richfield than the rest of Utah?

Accepted Answer

Yes, homes in Richfield sell faster than the Utah average. The average days on market in Richfield is 54 days, compared to 61 days statewide (11.8% below average). This faster pace signals strong buyer demand in the area. The overall market temperature is considered cooling.

Question 9

How have home prices changed in Richfield over the past year?

Accepted Answer

Home prices in Richfield, Utah have decreased by 42.4% over the past year. The median sale price went from $347,000 to $200,000. This decline may signal a shifting market that favors buyers. Check the Richfield market trends section above for detailed charts.

Question 10

Is the Richfield housing market heating up or cooling down?

Accepted Answer

The Richfield housing market is currently showing mixed signals, with prices down 42.4% year-over-year and days on market decreasing by 93.6%. The market temperature is rated "cooling" based on current conditions. Richfield’s median home price is about 39 % lower than the Utah median and homes sell faster (54 days vs. 61 state average) but at a lower sale‑to‑list ratio (93.7 %). Monitor the market data section above for monthly trends and state comparisons to track how conditions are evolving.

Question 11

What were Richfield home prices this time last year?

Accepted Answer

In June 2025, the median home sale price in Richfield, Utah was $347,000. Today, the median is $200,000, representing a change of -42.4% ($147,000 decrease). During that same period, the average days on market went from 94 to 6 days.

Question 12

What is the current market outlook for Richfield, Utah?

Accepted Answer

Richfield’s residential market is currently in a cooling phase. Prices have slipped sharply, with the median price down 37.5 % from the prior month and sitting $205,000 below the state median. Inventory is modest but growing—31 new listings versus only 11 closed transactions in the last three months—resulting in 22 active single‑family homes and a sale‑to‑list ratio of 93.7 %, indicating sellers are conceding discounts. Buyers benefit from a relatively quick turnover, with homes spending an average of 54 days on market, 11.7 % faster than the Utah average.

The broader economic backdrop supports a buyer‑friendly environment. Mortgage rates have risen gradually from 6.11 % to 6.46 % (a modest upward trend), while the Fed Funds rate remains steady at 3.63 %. Unemployment is stable both nationally (≈4.2 %) and in Utah (3.6 %). Consumer and real‑estate sentiment indices hover around the mid‑50s to low‑60s, suggesting cautious optimism. Combined with the sizable price gap to the state median, these conditions make Richfield an attractive entry point for buyers, though the recent price declines signal the market is still adjusting to higher financing costs. The market temperature is rated "cooling." Richfield’s median home price is about 39 % lower than the Utah median and homes sell faster (54 days vs. 61 state average) but at a lower sale‑to‑list ratio (93.7 %).

Question 13

What are the key highlights of the Richfield housing market?

Accepted Answer

Key highlights of the Richfield, Utah housing market include: Median closed price is $320,000, 37.5 % lower month‑over‑month, and 39 % below the Utah median.. Only 11 homes sold in the past three months, while 31 new listings entered the market, leaving 22 active single‑family homes.. Mortgage rates have crept up from 6.11 % to 6.46 % over the last six months, adding roughly $100 to the monthly payment on a $400k loan.. These insights are derived from recent MLS transaction data and local market analysis.

Question 14

What is the price range for homes in Richfield, Utah?

Accepted Answer

Homes in Richfield, Utah range from $100,000 to $1,299,000, with a median price of $320,000. The standard deviation is $215,084, indicating a wide spread of home values across neighborhoods. This range reflects the diversity of housing options available, from starter homes to luxury properties.

Question 15

What are the best schools in Richfield, Utah?

Accepted Answer

Richfield has 6 schools. The top-rated schools based on state performance scores include: Richfield High (59.4% score), 743 students. School ratings are based on Utah State Board of Education achievement and growth metrics. Explore all Richfield schools and nearby homes for sale on Propaired.

Question 16

How do Richfield schools compare to the state average?

Accepted Answer

Of the 6 schools in Richfield, 0 (0%) are rated as high-performing and 0 have strong academics indicators. Families should research individual school ratings on our Richfield schools page for detailed performance breakdowns.

Question 17

What is the internet quality in Richfield, Utah?

Accepted Answer

Richfield has an average broadband download speed of 1149 Mbps and 85% of homes have access to fiber internet. Top internet providers include CentraCom, InfoWest, Quantum Fiber. This is above average for Utah, supporting remote work and streaming. Residents have an average of 8.0 provider options.

Question 18

What is the price per square foot in Richfield?

Accepted Answer

The median price per square foot in Richfield, Utah is $148. The average home size is 1,878 sqft. This metric helps compare value across neighborhoods and property types — a lower price per sqft may indicate better value, while higher prices often reflect premium locations or finishes.

Question 19

Is now a good time to buy a home in Richfield, Utah?

Accepted Answer

The 30-year mortgage rate is currently 6.46% and Utah's unemployment rate is 3.6%, with Richfield's market rated as "cooling." Prices are stabilizing at 42.4% year-over-year. Current conditions may favor buyers with more negotiating room. Market timing depends on your personal financial situation and goals.

Question 20

When is the best time to buy a home in Richfield?

Accepted Answer

Historically, July offers the most new listings in Richfield, giving buyers the widest selection. Spring (April–June) typically sees the most inventory while winter months often have less competition and potentially more motivated sellers. However, Utah's growing market means opportunities exist year-round. Set up alerts on Propaired to be notified when new listings match your criteria.

Question 21

Is Richfield a safe place to live?

Accepted Answer

Richfield has a safety rating of 3.0 out of 10 (10 = safest) based on 2024 BCI NIBRS data. The overall crime rate is 62.2 per 1,000 residents, which is 34% above the statewide average, making it higher than average for crime. The violent crime rate is 20.8 per 1,000 residents and the property crime rate is 30.6 per 1,000 residents. (Population: 8,306)

Question 22

What is the crime rate in Richfield?

Accepted Answer

In 2024, Richfield's total NIBRS crime rate was 62.2 offenses per 1,000 residents. This includes crimes against persons (20.8 per 1K), property crimes (30.6 per 1K), and crimes against society. For comparison, the statewide average is approximately 46.4 per 1,000 residents. Source: Bureau of Criminal Identification NIBRS report.

Market Overview

Key Metrics

Detailed Market Analysis

Advanced Metrics

Trend Charts

Price Distribution & Property Mix

Featured Homes in Richfield

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Deals & Lifestyle in Richfield

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Highlights in Richfield

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Richfield Real Estate FAQ

Frequently Asked Questions About Richfield Real Estate

What is the median home price in Richfield, Utah in 2026?

What is the median home price in Richfield, Utah in 2026?

Is Richfield, Utah a buyer's or seller's market?

Is Richfield, Utah a buyer's or seller's market?

How long do homes stay on the market in Richfield?

How long do homes stay on the market in Richfield?

How many homes are for sale in Richfield, Utah?

How many homes are for sale in Richfield, Utah?

Are there new construction homes for sale in Richfield, Utah?

Are there new construction homes for sale in Richfield, Utah?

How does Richfield compare to the Utah state average?

How does Richfield compare to the Utah state average?

Are homes in Richfield more expensive than the Utah average?

Are homes in Richfield more expensive than the Utah average?

Do homes sell faster in Richfield than the rest of Utah?

Do homes sell faster in Richfield than the rest of Utah?