From April through June of 2017, there were 177 homes sold, with a median sale price of $239,000 - a 6.7% increase over the $224,000 median sale price for the same period of the previous year. There were 206 homes sold in Richfield in the second quarter of 2016.
The median sales tax in Richfield for the most recent year with available data, 2015, was $2,687, approximately 1.1% of the median home sale price for the second quarter of 2017.
The following table compares Richfield to other Hennepin County cities with similar median sales prices in the second quarter of 2017:
| City | Apr. - June 2017 Home Sales | Apr. - June 2016 Home Sales | % change (Total Home Sales) | Apr. - June 2017 Median Sales Price | Apr. - June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hopkins | 66 | 74 | -10.8% | $269,950 | $225,950 | 19.5% |
| Mound | 76 | 82 | -7.3% | $268,750 | $229,000 | 17.4% |
| Bloomington | 382 | 378 | 1.1% | $259,450 | $247,250 | 4.9% |
| Champlin | 90 | 105 | -14.3% | $245,500 | $226,000 | 8.6% |
| Minneapolis | 1,659 | 1,797 | -7.7% | $245,000 | $230,000 | 6.5% |
| Richfield | 177 | 206 | -14.1% | $239,000 | $224,000 | 6.7% |
| Loretto | 6 | 5 | 20% | $234,950 | $245,000 | -4.1% |
| Brooklyn Park | 349 | 469 | -25.6% | $230,000 | $217,000 | 6% |
| New Hope | 95 | 95 | 0% | $228,000 | $223,500 | 2% |
| Robbinsdale | 91 | 99 | -8.1% | $212,000 | $180,000 | 17.8% |
| Osseo | 9 | 16 | -43.8% | $202,000 | $196,736.50 | 2.7% |
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