Question 1

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

Accepted Answer

As of November 2026, the median home price in Richfield, Utah is $309,000, which is 40.6% below the Utah state median of $520,000. Home prices in Richfield range from $219,000 to $1,850,000, with an average sale price of $300,427. 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 buyer's market. Key indicators include an average sale-to-list price ratio of 97.2% and homes spending an average of 74 days on the market. Richfield’s median home price is roughly 40% below the Utah average and homes linger about 4 days longer on the market, giving buyers more leverage than in the broader state.

Question 3

How long do homes stay on the market in Richfield?

Accepted Answer

Homes in Richfield, Utah spend an average of 74 days on the market before going under contract compared to the Utah state average of 70 days (6.2% 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.

Question 4

How many homes are for sale in Richfield, Utah?

Accepted Answer

As of November 2026, there are 38 active homes for sale in Richfield, Utah with 32 new listings added recently. In the most recent reporting period, 15 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 32 new listings recently added to the market, with prices starting from $219,000. 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 $309,000.

Question 6

How does Richfield compare to the Utah state average?

Accepted Answer

Richfield home prices are 40.6% below the Utah state median of $520,000, with a local median of $309,000. Homes sell slower than the state average — 74 days in Richfield vs 70 days statewide (6.2% above average). The sale-to-list ratio is 97.2% locally vs 98.5% 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 $309,000, compared to the statewide median of $520,000 — a difference of $211,000 (-40.6%). 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

No, homes in Richfield take longer to sell than the Utah average. The average days on market in Richfield is 74 days, compared to 70 days statewide (6.2% above average). Buyers in Richfield have more time to evaluate listings and negotiate, which can work in their favor. Overall, Richfield is currently a buyer's market.

Question 9

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

Accepted Answer

Home prices in Richfield, Utah have decreased by 14.5% over the past year. The median sale price went from $337,000 to $288,000. 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 14.5% year-over-year and days on market increasing by 66.1%. Overall, it is a buyer's market. Richfield’s median home price is roughly 40% below the Utah average and homes linger about 4 days longer on the market, giving buyers more leverage than in the broader state. 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 October 2025, the median home sale price in Richfield, Utah was $337,000. Today, the median is $288,000, representing a change of -14.5% ($49,000 decrease). During that same period, the average days on market went from 69 to 114 days.

Question 12

What is the current market outlook for Richfield, Utah?

Accepted Answer

Richfield’s residential market is in a cooling phase. The median closed price of $309,000 is 40.6% lower than the Utah state median, and prices slipped another 10% from the previous month. Single‑family homes dominate the market, with 14 sales at a median of $288,000 and an average size of 1,892 sq ft ($151/sq ft). Inventory is ample—27 active single‑family listings and 12 townhomes/condos—while only 15 transactions closed in the last quarter, giving buyers a broader selection and negotiating power. Days on market have risen to 74, slightly above the state average of 70, and the sale‑to‑list ratio remains near 97%, suggesting sellers are still realistic about pricing despite the downward trend.

On the macro side, mortgage costs are climbing, with the 30‑year rate climbing from 6.41% in May to 7.34% in October, while unemployment remains steady (Utah 3.6%, national ~4.2%). Consumer and real‑estate sentiment indices have slipped, reflecting growing caution among buyers. Local news about a prescribed burn in Richfield highlights community efforts to mitigate wildfire risk, an added consideration for long‑term homeowners. Overall, the combination of falling prices, rising financing costs, and stable employment creates a buyer‑friendly environment, but the market remains balanced as sellers adjust expectations to the evolving economic backdrop. Richfield is currently a buyer's market. Richfield’s median home price is roughly 40% below the Utah average and homes linger about 4 days longer on the market, giving buyers more leverage than in the broader state.

Question 13

What are the key highlights of the Richfield housing market?

Accepted Answer

Key highlights of the Richfield, Utah housing market include: Median price fell 10% month‑over‑month to $309K, well under the state median of $520K.. Inventory is healthy with 32 new listings versus only 15 closed sales in the past three months.. 30‑year mortgage rates have risen from 6.41% to 7.34% over the last six months, tightening affordability.. Sale‑to‑list ratio remains strong at 97.2%, indicating sellers are still pricing near expectations.. A recent city‑specific fire‑prevention burn underscores local attention to wildfire risk, a factor for long‑term property safety.. 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 $219,000 to $1,850,000, with a median price of $309,000. The standard deviation is $312,329, 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

Are single-family homes or condos a better investment in Richfield?

Accepted Answer

In Richfield, single-family homes have a median price of $288,000 (-12.7% YoY), while townhomes/condos are $325,000 (-1.4% YoY). SFRs sell in 57 days vs 97 days for condos. Condos offer a lower entry point with competitive returns. Both property types are available with AI-powered search on Propaired.

Question 19

What is the price per square foot in Richfield?

Accepted Answer

The median price per square foot in Richfield, Utah is $151. The average home size is 1,864 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 20

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

Accepted Answer

The 30-year mortgage rate is currently 7.34% and Utah's unemployment rate is 3.6%. Richfield is currently a buyer's market. Prices are stabilizing at 14.5% year-over-year. Current conditions may favor buyers with more negotiating room. Market timing depends on your personal financial situation and goals.

Question 21

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 22

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 23

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.

Homes for Sale in Richfield, Utah

Market Overview

Key Metrics

Detailed Market Analysis

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Trend Charts

Price Distribution & Property Mix

Richfield compared to:

vs National Average (FBI UCR 2024)

Internet & Connectivity in Richfield

K-8 & Elementary Schools

Ashman School

Pahvant School

Red Hills Middle

Sevier District

High Schools

Cedar Ridge High

Richfield High

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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?