Richfield, MN
Housing market overview · Updated weekly
$348,000median sale price
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
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
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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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