The typical home value in
Southwest Richfield
is projected to be
$387,500
for the month of
September.
August’s
finalized data reported the typical value of a home in the
neighborhood
to be
$380,000—up
2.7%
over the previous 12 months.
For comparison,
city-level
data pegged home values at
$365,000
in
Richfield
for the most recent reporting period.
That number is expected to float around
$380,250
in
September.
Southwest Richfield
had
32
new listings and
29
listings that went under contract in
August,
increasing
the area’s total available inventory to
11—up
37.5%
from the previous month. Inventory is projected to have further
increased
in
September.
The median listing price for homes in
Southwest Richfield
grew
6.88%
from
July
to
August,
bringing the current median listing price to
$387,450.
Based on projected data for
September,
listing prices may continue to
grow.
The number of days that homes have been on the market prior to going under contract
has been fairly steady
year-over-year. In
August 2025,
the median time for a listed property to go pending was
14
days, compared to
13
days in
August 2024.
In recent months the median number of days from listed to pending appears to be steady.
That trend is predicted to have carried through to this
September.
