Richfield

Situated in Summit County, this small community of 3,711 residents carries a notably high median home price of $825,000, reflecting the spacious properties and strong ownership culture that define the local market. With an owner-occupied rate of 90.9%, the area skews heavily toward long-term residents rather than renters, which tends to keep inventory tight. Currently just 17 active listings are available, reinforcing that limited supply dynamic. Homes here average 3,982 square feet at $274 per square foot, pointing to large single-family properties as the dominant housing stock. The median household income of $78,426 sits below what the median price point might suggest, indicating that buyers often relocate from outside the immediate area or leverage equity from prior sales. Families with school-age children frequently cite the Revere Local School District as a primary draw, and that reputation contributes to sustained demand even when broader market conditions soften.

Market description generated from current MLS and U.S. Census data.