In February 2021, there were five homes sold, with a median sale price of $224,900 - a 19.7% decrease over the $280,000 median sale price for the same period of the previous year. There were 24 homes sold in Richfield in February 2020.
The median sales tax in Richfield for the most recent year with available data, 2019, was $3,521, approximately 1.6% of the median home sale price for February 2021.
The following table compares Richfield to other Hennepin County cities with similar median sale prices in February 2021:
| City | Feb. 2021 Home Sales | Feb. 2020 Home Sales | % change (Total Home Sales) | Feb. 2021 Median Sales Price | Feb. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Minneapolis | 88 | 282 | -68.8% | $296,500 | $269,850 | 9.9% |
| Maple Grove | 3 | 68 | -95.6% | $295,000 | $325,000 | -9.2% |
| New Hope | 5 | 16 | -68.8% | $295,000 | $254,250 | 16% |
| Brooklyn Park | 15 | 61 | -75.4% | $280,000 | $255,000 | 9.8% |
| Crystal | 5 | 21 | -76.2% | $275,000 | $229,900 | 19.6% |
| Robbinsdale | 4 | 22 | -81.8% | $271,250 | $256,000 | 6% |
| Dayton | 1 | 1 | 0% | $264,750 | $211,300 | 25.3% |
| Champlin | 4 | 13 | -69.2% | $254,250 | $265,000 | -4.1% |
| Spring Park | 1 | 0 | - | $250,000 | $0 | - |
| Brooklyn Center | 5 | 31 | -83.9% | $235,000 | $199,000 | 18.1% |
| Richfield | 5 | 24 | -79.2% | $224,900 | $280,000 | -19.7% |
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