Richfield Real Estate Market Report: October 2025
In October 2025, the median sale price in Richfield was $385,000, up 4.1% from a year earlier.
- Median Sales Price
- $385,000
- +4.1% vs. October 2024
- Homes for Sale
- 74
- +32.1% vs. October 2024
- Months Supply
- 2.4
- +50% vs. October 2024
- Seller's market
- Days on Market
- 32
- +0% vs. October 2024
- Closed Sales
- 33
- -10.8% vs. October 2024
- Percent of Original List Received
- 98.3%
- -1.4 pts vs. October 2024
What this means
The median sale price has increased by 4% from last year to $385,000, and a similar trend in price per square foot suggests this is a real move in values rather than a change in the mix of homes selling.
Homes are averaging 32 days on market, in line with last year, and sellers are receiving 98.3% of their original asking price.
The area is currently a seller's market with 2.4 months of supply. Active inventory is up 32% from last year to 74 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.
Common questions about the Richfield market
Is Richfield a buyer's or seller's market?
Richfield was a seller's market in October 2025, with 2.4 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 74 homes for sale.
How fast are homes selling in Richfield?
Homes that sold in October 2025 spent an average of 32 days on market, about the same as a year earlier. Sellers received 98.3% of their original list price on average.
Are home prices going up in Richfield?
Yes. The median sale price rose 4.1% year over year to $385,000. Price per square foot moved in the same direction (from $215 to $222), which suggests a real change in values rather than a shift in the mix of homes sold.
Market trends in Richfield
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| August 2024 | $375,925 | 36 | 29 | 2.1 |
| September 2024 | $373,000 | 41 | 20 | 1.8 |
| October 2024 | $370,000 | 37 | 32 | 1.6 |
| November 2024 | $341,000 | 31 | 64 | 1 |
| December 2024 | $350,000 | 33 | 35 | 0.9 |
| January 2025 | $336,500 | 8 | 30 | 1.1 |
| February 2025 | $401,500 | 16 | 52 | 1.4 |
| March 2025 | $371,200 | 28 | 74 | 1.3 |
| April 2025 | $387,000 | 35 | 20 | 1.6 |
| May 2025 | $371,000 | 47 | 33 | 1.7 |
| June 2025 | $375,650 | 40 | 28 | 1.5 |
| July 2025 | $335,000 | 43 | 30 | 1.4 |
| August 2025 | $365,000 | 35 | 22 | 1.7 |
| September 2025 | $339,000 | 32 | 32 | 2 |
| October 2025 | $385,000 | 33 | 32 | 2.4 |
How Richfield compares with the Twin Cities region
In October 2025, the median sale price in Twin Cities (16-County Region) was $389,900, up 2.1% from a year earlier.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published August 24, 2026.
Report published .
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