The median sale price of a home sold in the first quarter of 2017 in Richfield rose by $13,450 while total sales increased by 1.9%, according to BlockShopper.com.
From January through March of 2017, there were 110 homes sold, with a median sale price of $223,450 – a 6.4% increase over the $210,000 median sale price for the same period of the previous year. There were 108 homes sold in Richfield in the first quarter of 2016.
The median sales tax in Richfield for the most recent year with available data, 2015, was $2,687, approximately 1.2% of the median home sale price for the first quarter of 2017.
The following table compares Richfield to other Hennepin County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. – Mar. 2017 Home Sales | Jan. – Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. – Mar. 2017 Median Sales Price | Jan. – Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| St. Louis Park | 114 | 153 | -25.5% | $254,000 | $233,400 | 8.8% |
| St. Anthony | 15 | 11 | 36.4% | $247,500 | $240,000 | 3.1% |
| Hopkins | 50 | 42 | 19% | $241,625 | $228,200 | 5.9% |
| Bloomington | 184 | 197 | -6.6% | $240,000 | $227,000 | 5.7% |
| Champlin | 66 | 64 | 3.1% | $225,500 | $196,988.50 | 14.5% |
| Richfield | 110 | 108 | 1.9% | $223,450 | $210,000 | 6.4% |
| Minneapolis | 971 | 1,056 | -8% | $218,000 | $191,750 | 13.7% |
| Osseo | 5 | 3 | 66.7% | $216,500 | $180,000 | 20.3% |
| New Hope | 46 | 49 | -6.1% | $215,750 | $211,000 | 2.3% |
| Maple Plain | 3 | 5 | -40% | $211,000 | $185,725 | 13.6% |
| Brooklyn Park | 230 | 260 | -11.5% | $209,950 | $188,250 | 11.5% |
