In July 2020, there were 24 homes sold, with a median sale price of $295,000 - a 6.9% increase over the $276,000 median sale price for the same period of the previous year. There were 79 homes sold in Richfield in July 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 July 2020.
The following table compares Richfield to other Hennepin County cities with similar median sales prices in July 2020:
| City | July 2020 Home Sales | July 2019 Home Sales | % change (Total Home Sales) | July 2020 Median Sales Price | July 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mound | 15 | 22 | -31.8% | $319,900 | $295,000 | 8.4% |
| Bloomington | 56 | 139 | -59.7% | $310,000 | $299,900 | 3.4% |
| Hopkins | 10 | 25 | -60% | $309,467.50 | $301,000 | 2.8% |
| Minneapolis | 232 | 596 | -61.1% | $304,062 | $281,325 | 8.1% |
| New Hope | 14 | 30 | -53.3% | $299,950 | $263,700 | 13.7% |
| Richfield | 24 | 79 | -69.6% | $295,000 | $276,000 | 6.9% |
| Brooklyn Park | 67 | 123 | -45.5% | $293,000 | $269,900 | 8.6% |
| Dayton | 6 | 5 | 20% | $278,000 | $424,500 | -34.5% |
| Champlin | 14 | 37 | -62.2% | $267,500 | $295,000 | -9.3% |
| Crystal | 23 | 58 | -60.3% | $265,000 | $241,500 | 9.7% |
| Rogers | 6 | 16 | -62.5% | $254,500 | $314,665.50 | -19.1% |
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