In February 2022, there were 18 homes sold, with a median sale price of $313,050 - a 6.6% increase over the $293,600 median sale price for the same period of the previous year. There were 16 homes sold in Richfield in February 2021.
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 February 2022.
The following table compares Richfield to other Hennepin County cities with similar median sale prices in February 2022:
| City | Feb. 2022 Home Sales | Feb. 2021 Home Sales | % change (Total Home Sales) | Feb. 2022 Median Sales Price | Feb. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Golden Valley | 13 | 12 | 8.3% | $358,630 | $361,250 | -0.7% |
| Mound | 4 | 3 | 33.3% | $336,000 | $260,900 | 28.8% |
| New Hope | 15 | 9 | 66.7% | $335,000 | $295,000 | 13.6% |
| Hopkins | 6 | 6 | 0% | $322,500 | $264,250 | 22% |
| Bloomington | 41 | 33 | 24.2% | $320,000 | $320,000 | 0% |
| Richfield | 18 | 16 | 12.5% | $313,050 | $293,600 | 6.6% |
| Minneapolis | 241 | 194 | 24.2% | $305,000 | $294,000 | 3.7% |
| Brooklyn Park | 51 | 38 | 34.2% | $300,000 | $282,450 | 6.2% |
| Osseo | 1 | 1 | 0% | $295,000 | $245,000 | 20.4% |
| Robbinsdale | 11 | 14 | -21.4% | $290,000 | $249,950 | 16% |
| Brooklyn Center | 25 | 24 | 4.2% | $285,000 | $259,550 | 9.8% |
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