Richfield home prices rise in October 2020

Medium realestate3

The median sale price of a home sold in October 2020 in Richfield rose by $46,375 while total sales decreased by 76.1%, according to BlockShopper.com.

In October 2020, there were 11 homes sold, with a median sale price of $320,000 - a 16.9% increase over the $273,625 median sale price for the same period of the previous year. There were 46 homes sold in Richfield in October 2019.

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 October 2020.

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

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Maple Grove1762-72.6%$421,000$327,45028.6%
Eden Prairie1464-78.1%$406,250$370,0009.8%
St. Anthony13-66.7%$380,000$317,50019.7%
Plymouth1593-83.9%$355,000$382,000-7.1%
St. Louis Park1449-71.4%$344,750$325,0006.1%
Richfield1146-76.1%$320,000$273,62516.9%
Brooklyn Park2274-70.3%$320,000$245,00030.6%
Minneapolis140371-62.3%$315,000$289,5008.8%
New Hope529-82.8%$300,000$272,00010.3%
Bloomington16103-84.5%$299,450$279,9007%
Champlin529-82.8%$286,000$270,0005.9%

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