From April through June of 2021, there were 88 homes sold, with a median sale price of $322,000 - a 14.4% increase over the $281,500 median sale price for the same period of the previous year. There were 118 homes sold in Richfield in the second quarter of 2020.
The median sales tax in Richfield for the most recent year with available data, 2019, was $3,521, approximately 1.1% of the median home sale price for the second quarter of 2021.
The following table compares Richfield to other Hennepin County cities with similar median sale prices in the second quarter of 2021:
| City | Apr. - June 2021 Home Sales | Apr. - June 2020 Home Sales | % change (Total Home Sales) | Apr. - June 2021 Median Sales Price | Apr. - June 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Minneapolis | 920 | 1,103 | -16.6% | $340,000 | $304,500 | 11.7% |
| New Hope | 39 | 62 | -37.1% | $340,000 | $280,000 | 21.4% |
| Maple Plain | 6 | 2 | 200% | $339,500 | $190,000 | 78.7% |
| Champlin | 46 | 71 | -35.2% | $335,000 | $295,000 | 13.6% |
| Brooklyn Park | 165 | 238 | -30.7% | $335,000 | $275,000 | 21.8% |
| Richfield | 88 | 118 | -25.4% | $322,000 | $281,500 | 14.4% |
| Greenfield | 7 | 13 | -46.2% | $299,500 | $450,000 | -33.4% |
| Crystal | 79 | 79 | 0% | $286,960 | $242,500 | 18.3% |
| Osseo | 7 | 9 | -22.2% | $285,250 | $287,550 | -0.8% |
| Robbinsdale | 49 | 63 | -22.2% | $274,000 | $262,000 | 4.6% |
| Brooklyn Center | 64 | 95 | -32.6% | $257,000 | $225,000 | 14.2% |
Alerts Sign-up