In May 2020, there were 25 homes sold, with a median sale price of $275,000 - a 6% decrease over the $292,500 median sale price for the same period of the previous year. There were 60 homes sold in Richfield in May 2019.
The median sales tax in Richfield for the most recent year with available data, 2019, was $3,521, approximately 1.3% of the median home sale price for May 2020.
The following table compares Richfield to other Hennepin County cities with similar median sales prices in May 2020:
| City | May 2020 Home Sales | May 2019 Home Sales | % change (Total Home Sales) | May 2020 Median Sales Price | May 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| New Hope | 9 | 29 | -69% | $300,000 | $268,000 | 11.9% |
| Dayton | 3 | 4 | -25% | $300,000 | $353,450 | -15.1% |
| Osseo | 1 | 2 | -50% | $287,550 | $279,950 | 2.7% |
| Bloomington | 42 | 145 | -71% | $286,450 | $288,557 | -0.7% |
| Champlin | 9 | 38 | -76.3% | $275,000 | $268,750 | 2.3% |
| Richfield | 25 | 60 | -58.3% | $275,000 | $292,500 | -6% |
| Independence | 3 | 5 | -40% | $270,000 | $380,000 | -28.9% |
| Brooklyn Park | 54 | 139 | -61.2% | $263,750 | $257,000 | 2.6% |
| Robbinsdale | 14 | 35 | -60% | $250,500 | $239,900 | 4.4% |
| Brooklyn Center | 25 | 45 | -44.4% | $245,000 | $205,000 | 19.5% |
| Crystal | 17 | 53 | -67.9% | $241,000 | $209,000 | 15.3% |
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