From April through June, there were 120 homes sold, with a median sale price of $365,750 - a 10.8 percent increase over the $330,000 median sale price for the same period of the previous year. There were 127 homes sold in Richfield in the second quarter of 2021.
The median sales tax in Richfield for the most recent year with available data, 2019, was $3,521, approximately one percent of the median home sale price for the second quarter of 2022.
The following table compares Richfield to other Hennepin County cities with similar median sale prices in the second quarter of 2022:
| City | April - June 2022 Home Sales | April - June 2021 Home Sales | % change (Total Home Sales) | April - June 2022 Median Sales Price | April - June 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Maple Grove | 286 | 239 | 19.7 | $409,500 | $396,000 | 3.4 |
| St. Louis Park | 201 | 140 | 43.6 | $400,000 | $392,800 | 1.8 |
| Hopkins | 53 | 27 | 96.3 | $385,000 | $375,000 | 2.7 |
| Champlin | 106 | 63 | 68.3 | $382,500 | $335,000 | 14.2 |
| Bloomington | 275 | 223 | 23.3 | $370,000 | $350,000 | 5.7 |
| Richfield | 120 | 127 | -5.5 | $365,750 | $330,000 | 10.8 |
| Minneapolis | 1,576 | 1,215 | 29.7 | $350,000 | $345,000 | 1.4 |
| New Hope | 79 | 53 | 49.1 | $342,000 | $340,000 | 0.6 |
| Dayton | 21 | 10 | 110 | $340,000 | $403,890 | -15.8 |
| Brooklyn Park | 298 | 226 | 31.9 | $340,000 | $325,574 | 4.4 |
| Maple Plain | 3 | 7 | -57.1 | $327,072 | $352,000 | -7.1 |
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