Homes for Sale in Richfield, MN

Here is where the Richfield market stood in September 2026. The median sale price has increased by 4% from last year to $352,000, though an opposite trend in price per square foot suggests this change more likely reflects the mix of homes that sold. Homes are selling 7 days more quickly than last year, averaging 25 days on market, and sellers are receiving 99.9% of their original asking price. The area is currently a seller's market with 2.5 months of supply. Active inventory is up 29% from last year to 85 homes for sale.

In this seller's market, buyers should be prepared to act quickly, while sellers can generally expect strong interest if priced correctly.

In Richfield, homes were most commonly built in 1950-1959, about 62% of occupied homes are owner-occupied, and the average commute is 23 minutes. Roughly 59% of homes are single-family detached, and the median home was built in 1959.

Homeowners with a mortgage typically spend $1,983 a month on housing costs, lower than the Twin Cities metro and the median property tax bill is $3,905 a year.