The median sale price of a home sold in January 2020 in Richfield rose by $47,500 while total sales decreased by 19.2%, according to BlockShopper.com.
In January 2020, there were 21 homes sold, with a median sale price of $274,000 - a 21% increase over the $226,500 median sale price for the same period of the previous year. There were 26 homes sold in Richfield in January 2019.
The median sales tax in Richfield for the most recent year with available data, 2015, was $2,687, approximately 1% of the median home sale price for January 2020.
The following table compares Richfield to other Hennepin County cities with similar median sales prices in January 2020:
| City | Jan. 2020 Home Sales | Jan. 2019 Home Sales | % change (Total Home Sales) | Jan. 2020 Median Sales Price | Jan. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Bloomington | 36 | 53 | -32.1% | $302,450 | $270,000 | 12% |
| St. Louis Park | 31 | 42 | -26.2% | $300,000 | $282,000 | 6.4% |
| Mound | 9 | 14 | -35.7% | $300,000 | $239,750 | 25.1% |
| Minneapolis | 188 | 322 | -41.6% | $286,500 | $249,950 | 14.6% |
| Long Lake | 1 | 2 | -50% | $285,000 | $520,000 | -45.2% |
| Richfield | 21 | 26 | -19.2% | $274,000 | $226,500 | 21% |
| Champlin | 18 | 15 | 20% | $264,950 | $264,000 | 0.4% |
| New Hope | 6 | 15 | -60% | $252,450 | $240,000 | 5.2% |
| Hopkins | 10 | 8 | 25% | $245,625 | $314,500 | -21.9% |
| Brooklyn Park | 45 | 68 | -33.8% | $245,000 | $231,500 | 5.8% |
| Rogers | 5 | 9 | -44.4% | $233,750 | $361,000 | -35.2% |
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