Richfield, MN Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Richfield, MN is $348,000, down 14.8% year-over-year. Homes sell in an average of 33 days with 38 active listings. The market is currently a strong seller's market.
$348,000median sale price
Is Richfield a buyer's or seller's market?
Richfield, MN is currently a strong seller's market, based on 1.9 months of supply and homes selling in about 33 days. How we determine this →
Homes sold
20
Last 12 weeks
Days on market
33
Average pace
Active listings
38
1.9 months supply
Sale-to-list
101.7%
Above asking
Richfield, MN market data
| Metric | Value |
|---|---|
| Median sale price | $348,000 |
| Median list price | $380,000 |
| Year-over-year price change | -14.8% |
| Average days on market | 33 days |
| Active inventory | 38 listings |
| Months of supply | 1.9 months |
| Sale-to-list price ratio | 101.7% |
| Market condition | Strong seller's market |
Source: Redfin · Updated weekly
The Richfield housing market is currently classified as a strong seller's market with a median sale price of $348,000. Prices have fallen 14.8% compared to last year, with homes spending an average of 33 days on market, indicating 1.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Richfield
There are currently 38 homes listed for sale in Richfield, Minnesota. The median listing price is $380K.
Active listings
38
Homes on market
Median list price
$380K
Avg. days on market
33
Days until sale
New this week
19
Newly listed
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Frequently asked questions
What is the average home price in Richfield?
The median home sale price in Richfield is $348,000, down 14.8% from last year.
How long do homes stay on market in Richfield?
Homes typically spend 33 days on market before going under contract.
Is Richfield a buyer's or seller's market?
With 1.9 months of supply, Richfield is currently a strong seller's market.
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