In November 2017, there were 37 homes sold, with a median sale price of $231,000 - a 2.1% increase over the $226,250 median sale price for the same period of the previous year. There were 34 homes sold in Richfield in November 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 November 2017.
The following table compares Richfield to other Hennepin County cities with similar median sales prices in November 2017:
| City | Nov. 2017 Home Sales | Nov. 2016 Home Sales | % change (Total Home Sales) | Nov. 2017 Median Sales Price | Nov. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| St. Louis Park | 55 | 36 | 52.8% | $252,000 | $239,900 | 5% |
| Champlin | 21 | 23 | -8.7% | $251,600 | $217,000 | 15.9% |
| Hopkins | 20 | 12 | 66.7% | $251,500 | $255,850 | -1.7% |
| Maple Plain | 2 | 2 | 0% | $241,500 | $181,450 | 33.1% |
| Minneapolis | 390 | 348 | 12.1% | $237,250 | $227,500 | 4.3% |
| Richfield | 37 | 34 | 8.8% | $231,000 | $226,250 | 2.1% |
| Brooklyn Park | 106 | 80 | 32.5% | $230,500 | $201,450 | 14.4% |
| New Hope | 21 | 22 | -4.5% | $215,000 | $234,950 | -8.5% |
| Crystal | 35 | 40 | -12.5% | $214,900 | $167,000 | 28.7% |
| Osseo | 4 | 0 | - | $213,750 | $0 | - |
| Robbinsdale | 22 | 20 | 10% | $206,000 | $191,342 | 7.7% |
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