In April, there were 27 homes sold, with a median sale price of $375,000 - a 15.5 percent increase over the $324,700 median sale price for the same period of the previous year. There were 34 homes sold in Richfield in April 2021.
The median sales tax in Richfield for the most recent year with available data, 2019, was $3,521, approximately 0.9 percent of the median home sale price for April.
The following table compares Richfield to other Hennepin County cities with similar median sale prices in April:
| City | April 2022 Home Sales | April 2021 Home Sales | % change (Total Home Sales) | April 2022 Median Sales Price | April 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hopkins | 22 | 5 | 340 | $432,500 | $255,000 | 69.6 |
| Corcoran | 3 | 7 | -57.1 | $425,000 | $750,000 | -43.3 |
| Maple Grove | 72 | 67 | 7.5 | $400,000 | $400,000 | 0 |
| St. Louis Park | 54 | 45 | 20 | $389,500 | $375,000 | 3.9 |
| Bloomington | 60 | 72 | -16.7 | $385,250 | $351,500 | 9.6 |
| Richfield | 27 | 34 | -20.6 | $375,000 | $324,700 | 15.5 |
| Dayton | 6 | 5 | 20 | $365,000 | $400,000 | -8.8 |
| Champlin | 25 | 13 | 92.3 | $359,000 | $335,000 | 7.2 |
| Brooklyn Park | 76 | 68 | 11.8 | $349,950 | $329,074 | 6.3 |
| New Hope | 23 | 15 | 53.3 | $342,000 | $320,000 | 6.9 |
| Minneapolis | 441 | 372 | 18.5 | $340,000 | $340,000 | 0 |
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