In March 2021, there were 26 homes sold, with a median sale price of $326,250 - a 17% increase over the $278,763 median sale price for the same period of the previous year. There were 30 homes sold in Richfield in March 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 March 2021.
The following table compares Richfield to other Hennepin County cities with similar median sale prices in March 2021:
| City | Mar. 2021 Home Sales | Mar. 2020 Home Sales | % change (Total Home Sales) | Mar. 2021 Median Sales Price | Mar. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Excelsior | 1 | 1 | 0% | $367,500 | $570,000 | -35.5% |
| Maple Grove | 49 | 93 | -47.3% | $360,000 | $330,000 | 9.1% |
| St. Louis Park | 31 | 51 | -39.2% | $350,000 | $325,000 | 7.7% |
| Woodland | 1 | 0 | - | $350,000 | $0 | - |
| Bloomington | 46 | 60 | -23.3% | $338,000 | $318,450 | 6.1% |
| Richfield | 26 | 30 | -13.3% | $326,250 | $278,762.50 | 17% |
| New Hope | 19 | 17 | 11.8% | $325,118 | $254,000 | 28% |
| Minneapolis | 314 | 369 | -14.9% | $321,000 | $300,000 | 7% |
| Robbinsdale | 10 | 22 | -54.5% | $299,000 | $264,250 | 13.2% |
| Brooklyn Park | 48 | 76 | -36.8% | $296,750 | $265,960 | 11.6% |
| Greenfield | 2 | 3 | -33.3% | $296,075 | $289,900 | 2.1% |
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