Richfield, UT Home Values & Market Trends

Real estate market trends reflect that there have been 78 transactions over the past year in Richfield. The median value for residential home transactions that occurred over the previous year is $339,471.11. The number of current listings in Richfield is 10, and the percentage of properties for sale in the city is 10.00%. Richfield, UT currently has 4 properties in foreclosure, 0 bank owned properties, 2 properties headed for auction, and 10 properties for sale.

Richfield, UT Real Estate Market Overview

ZipMedian Est. Value
84701

$ 418,811

$ 146/sqft

Housing Market Summary for Richfield, UT

Apr 2023March 2024Change
Median Listing Price$320K$329.5K2.98%
Median Sold Price$308.7K$329.5K6.76%
Homes For Sale6950.00%
Homes Sold8368-18.07%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Richfield, UT

Richfield home values range from $22,404 to $2,847,195. The median estimated value of a home in Richfield is $339,471.11. The median list price of a home is 449,500, and the total count of properties in the city is 2,910.

Foreclosure
There is 1 zips within Richfield, UT; within this zips, the median estimated home value for homes in foreclosure ranges from $616,663 in 84701 to the lowest value of $230,465 in 84701. Foreclosure homes account for 0.00% of properties in Richfield, UT with 84701 containing 4 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.07% of all residential properties in Richfield, UT with 84701 containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Richfield, UT; of that zips, the estimated home value for pre-foreclosure homes ranges from $416,315 in 84701 to the lowest home value of $230,465 in 84701.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Richfield, UT ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Richfield, UT. There is 1 zips within Richfield, UT; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    84701 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Richfield, UT. Auction homes and other auction properties account for 0.07% of all properties in Richfield, UT. There is 1 zips within Richfield, UT; of that zips, the median estimated home value for homes going to auction ranges from $616,663 in 84701 to the lowest value of $314,470 in 84701.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.34% of residential properties in Richfield, UT with 84701 containing 10 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Richfield, UT; homes for sale in that zips, have a range of median values from $749,900 in 84701 to the lowest value of $164,397 in 84701.
    Sold Homes
    The median value for recently sold homes ranges from $1,000,692 in 84701 to the lowest price of $39,607 in 84701. There is 1 zips within Richfield, UT. 84701 has 69 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.16% of properties in Richfield, UT.

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      Guide for Richfield, UT

      Market Reports
      Salt Lake City’s Real Estate Market Sees Average Property Values Drop in 2023-24
      gavel for real estate auction
      Home Buying Guides & Tips
      Utah Foreclosure Laws
      A new house being built
      Investment Financing
      What Type of Loan Is Best for First-Time Home Buyers?
      Home Buying Financing
      What To Consider Before Renting a RTO Home
      See More Articles
      Salt Lake City’s Real Estate Market Sees Average Property Values Drop in 2023-24
      Market Reports|posted 29 March 2024

      The Salt Lake City real estate market is experiencing significant shifts, as average property values have dropped citywide. However, neighbourhood trends vary, with West Valley City seeing a slight rise in property values, while others like North Salt Lake show a decline. This fluctuation highlights the importance of localized analysis in real estate investment.

      gavel for real estate auction
      Utah Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Utah Foreclosure Laws

      A new house being built
      What Type of Loan Is Best for First-Time Home Buyers?
      Investment Financing|posted 9 April 2024

      Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?

      What To Consider Before Renting a RTO Home
      Home Buying Financing|posted 5 April 2024

      RTO homes can sometimes be tricky to understand. Here are the questions you should if you are considering a rent-to-own property.

      Recently Listed Homes Richfield, UT

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