Why Live in New Richmond
New Richmond is a growing neighborhood in Wisconsin, located 42 miles east of Minneapolis, Minnesota. The area has seen steady population growth since 1940, driven by major employers like Federal Foam Technologies, Inc. and Phillips Medisize. Home styles range from colonial revivals to custom craftsman homes, with prices typically between $250,000 and $450,000. The New Richmond School District is highly rated, with three elementary schools, one middle school, and one high school, serving around 3,500 students. Downtown New Richmond features a variety of dining options, including Mexican-American soul food fusion, boutique bakeries, and neighborhood pubs. Local shops offer boutique clothing and home goods, while grocery needs are met by Dick’s Fresh Market, Walmart, and ALDI. The Old Gem Theater hosts community shows year-round, adding to the neighborhood's cultural features.
New Richmond parks span 270 acres and include over 19 miles of trails, campgrounds, cross-country ski trails, and athletic fields. Mary Park, located along Mary Park Lake, is developing an adaptive playground for children with special abilities. Annual events like the Cabin Fever Classic, Chamber Golf Outing, Park Art Fair, and Hometown Holiday bring the community together throughout the year. The neighborhood is safer than the national average, with lower property and violent crime rates. Interstate 94 is 12 miles south, and while there is no public transportation, Running, Inc. provides curbside ride-sharing services. For air travel, residents use the Minneapolis-Saint Paul International Airport, 45 miles west. Winters are cold with average lows in the single digits and about 25 inches of annual snowfall, while summers are warm with highs just over 80 degrees.
Home Trends in New Richmond, WI
On average, homes in New Richmond, WI sell after 63 days on the market compared to the national average of 50 days. The median sale price for homes in New Richmond, WI over the last 12 months is $380,000, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$380,000
Median Single Family Sale Price
$384,900
Median Townhouse Sale Price
$284,900
Average Price Per Sq Ft
$220
Number of Homes for Sale
139
Last 12 months Home Sales
445
Median List Price
$385,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%