In August 2020, there were 14 homes sold, with a median sale price of $287,500 - a 3.2% increase over the $278,500 median sale price for the same period of the previous year. There were 59 homes sold in Richfield in August 2019.
The median sales tax in Richfield for the most recent year with available data, 2019, was $3,521, approximately 1.2% of the median home sale price for August 2020.
The following table compares Richfield to other Hennepin County cities with similar median sales prices in August 2020:
| City | Aug. 2020 Home Sales | Aug. 2019 Home Sales | % change (Total Home Sales) | Aug. 2020 Median Sales Price | Aug. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Champlin | 11 | 52 | -78.8% | $335,000 | $276,500 | 21.2% |
| Minneapolis | 168 | 591 | -71.6% | $329,950 | $282,500 | 16.8% |
| New Hope | 8 | 35 | -77.1% | $323,000 | $265,000 | 21.9% |
| Mound | 11 | 31 | -64.5% | $315,000 | $242,500 | 29.9% |
| Brooklyn Park | 30 | 124 | -75.8% | $295,500 | $256,600 | 15.2% |
| Richfield | 14 | 59 | -76.3% | $287,500 | $278,500 | 3.2% |
| Crystal | 8 | 48 | -83.3% | $283,187.50 | $246,250 | 15% |
| Robbinsdale | 5 | 35 | -85.7% | $279,000 | $240,000 | 16.3% |
| Hopkins | 8 | 24 | -66.7% | $274,750 | $286,750 | -4.2% |
| Osseo | 2 | 8 | -75% | $260,666 | $218,000 | 19.6% |
| Brooklyn Center | 10 | 51 | -80.4% | $236,950 | $229,900 | 3.1% |
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