Richfield home prices rise in June 2020

Medium realestate2

The median sale price of a home sold in June 2020 in Richfield rose by $34,300 while total sales decreased by 62.9%, according to BlockShopper.com.

In June 2020, there were 23 homes sold, with a median sale price of $299,300 - a 12.9% increase over the $265,000 median sale price for the same period of the previous year. There were 62 homes sold in Richfield in June 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 June 2020.

The following table compares Richfield to other Hennepin County cities with similar median sales prices in June 2020:

CityJune 2020 Home SalesJune 2019 Home Sales% change (Total Home Sales)June 2020 Median Sales PriceJune 2019 Median Sales Price% change (Median Sales Price)
Mound625-76%$323,500$294,9009.7%
Bloomington42155-72.9%$315,500$285,50010.5%
Golden Valley2142-50%$310,000$344,700-10.1%
Minneapolis249632-60.6%$306,000$295,0003.7%
Champlin1849-63.3%$302,500$270,90011.7%
Richfield2362-62.9%$299,300$265,00012.9%
Robbinsdale1243-72.1%$299,000$243,00023%
Brooklyn Park46139-66.9%$274,950$269,0002.2%
New Hope1439-64.1%$267,000$260,0002.7%
Crystal1351-74.5%$250,000$245,0002%
Osseo50-$250,000$0-

Blockshopper green logo