In July 2019, there were 79 homes sold, with a median sale price of $276,000 - a 12.7% increase over the $244,900 median sale price for the same period of the previous year. There were 41 homes sold in Richfield in July 2018.
The median sales tax in Richfield for the most recent year with available data, 2015, was $2,687, approximately 1% of the median home sale price for July 2019.
The following table compares Richfield to other Hennepin County cities with similar median sales prices in July 2019:
| City | July 2019 Home Sales | July 2018 Home Sales | % change (Total Home Sales) | July 2019 Median Sales Price | July 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Champlin | 37 | 29 | 27.6% | $295,000 | $284,900 | 3.5% |
| Mound | 22 | 18 | 22.2% | $295,000 | $266,000 | 10.9% |
| Long Lake | 5 | 3 | 66.7% | $293,500 | $273,000 | 7.5% |
| Minneapolis | 595 | 443 | 34.3% | $281,750 | $262,000 | 7.5% |
| Hanover | 1 | 1 | 0% | $280,000 | $35,500 | 688.7% |
| Richfield | 79 | 41 | 92.7% | $276,000 | $244,900 | 12.7% |
| Brooklyn Park | 124 | 97 | 27.8% | $269,450 | $252,000 | 6.9% |
| Loretto | 3 | 0 | - | $266,500 | $0 | - |
| Maple Plain | 4 | 0 | - | $264,000 | $0 | - |
| New Hope | 30 | 20 | 50% | $263,700 | $237,000 | 11.3% |
| Osseo | 5 | 4 | 25% | $250,000 | $247,450 | 1% |
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