In June 2020, there were 23 homes sold, with a median sale price of $299,300 - a 12.9% increase over the $265,000 median sale price for the same period of the previous year. There were 62 homes sold in Richfield in June 2019.
The median sales tax in Richfield for the most recent year with available data, 2019, was $3,521, approximately 1.2% of the median home sale price for June 2020.
The following table compares Richfield to other Hennepin County cities with similar median sales prices in June 2020:
| City | June 2020 Home Sales | June 2019 Home Sales | % change (Total Home Sales) | June 2020 Median Sales Price | June 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mound | 6 | 25 | -76% | $323,500 | $294,900 | 9.7% |
| Bloomington | 42 | 155 | -72.9% | $315,500 | $285,500 | 10.5% |
| Golden Valley | 21 | 42 | -50% | $310,000 | $344,700 | -10.1% |
| Minneapolis | 249 | 632 | -60.6% | $306,000 | $295,000 | 3.7% |
| Champlin | 18 | 49 | -63.3% | $302,500 | $270,900 | 11.7% |
| Richfield | 23 | 62 | -62.9% | $299,300 | $265,000 | 12.9% |
| Robbinsdale | 12 | 43 | -72.1% | $299,000 | $243,000 | 23% |
| Brooklyn Park | 46 | 139 | -66.9% | $274,950 | $269,000 | 2.2% |
| New Hope | 14 | 39 | -64.1% | $267,000 | $260,000 | 2.7% |
| Crystal | 13 | 51 | -74.5% | $250,000 | $245,000 | 2% |
| Osseo | 5 | 0 | - | $250,000 | $0 | - |
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