In January 2022, there were 19 homes sold, with a median sale price of $348,150 - a 20.1% increase over the $290,000 median sale price for the same period of the previous year. There were 13 homes sold in Richfield in January 2021.
The median sales tax in Richfield for the most recent year with available data, 2019, was $3,521, approximately 1% of the median home sale price for January 2022.
The following table compares Richfield to other Hennepin County cities with similar median sale prices in January 2022:
| City | Jan. 2022 Home Sales | Jan. 2021 Home Sales | % change (Total Home Sales) | Jan. 2022 Median Sales Price | Jan. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Plymouth | 20 | 13 | 53.8% | $424,500 | $412,739.46 | 2.8% |
| Maple Grove | 29 | 20 | 45% | $368,550 | $258,500 | 42.6% |
| Eden Prairie | 11 | 16 | -31.3% | $367,000 | $381,200 | -3.7% |
| Loretto | 1 | 0 | - | $365,000 | $0 | - |
| Bloomington | 28 | 26 | 7.7% | $356,000 | $278,375 | 27.9% |
| Richfield | 19 | 13 | 46.2% | $348,150 | $290,000 | 20.1% |
| St. Louis Park | 16 | 23 | -30.4% | $337,500 | $316,000 | 6.8% |
| Champlin | 7 | 4 | 75% | $335,000 | $316,250 | 5.9% |
| Rogers | 2 | 6 | -66.7% | $334,000 | $396,250 | -15.7% |
| Brooklyn Park | 47 | 30 | 56.7% | $320,000 | $267,750 | 19.5% |
| Hopkins | 6 | 4 | 50% | $313,000 | $423,500 | -26.1% |
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