What is the median home price in Richfield, MN?

The median home price in Richfield is $310,000, with homes selling in an average of 10 days on market.

How long does it take to sell a home in Richfield?

Homes in Richfield currently average 10 days on market. Spring listings typically sell fastest.

Is Richfield a buyer's or seller's market?

With a compete score of 87/100 and year-over-year price change of +5.8%, Richfield currently favors sellers.

What are closing costs when selling a home in Richfield?

For a $310,000 home in Richfield, expect seller costs of approximately 7-9.5% of sale price, including agent commission (5-6%), Minnesota deed tax (0.33%), title insurance, and other closing costs.

Richfield, Minnesota — Seller's Guide

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Live Market Data

Richfield Market at a Glance

Median Sale Price

$310,000

+5.8% vs last year

Avg Days on Market

From listing to accepted offer

Price per Sq Ft

$210

Based on recent sales

Compete Score

87/100

Buyer demand in this market

Market Timing

Buyer's MarketBalancedSeller's Market

Strong Seller's Market

Days on Market

YoY Change

+5.8%

Compete Score

87/100

Conditions in Richfield strongly favor sellers. Homes are moving fast and buyers are competing aggressively. Well-priced homes frequently receive multiple offers.

Best months to list in Richfield:

April through June typically sees the highest sale prices and fastest closings. Listing in late winter (February-March) gives you a head start before peak competition.

Selling Cost Estimator

Home Value$310,000

$200K$2M

Condition

Agent Commission (5-6%)$15,500 – $18,600

MN Deed Tax (0.33%)$1,023

Title Insurance~$2,200

Closing Costs (~1.5%)$4,650

Total Estimated Costs$23,373 – $26,473

Estimated Net Proceeds$283,527 – $286,627

* These are estimates based on typical Richfield transactions. Actual costs vary.

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AI Market Analysis

Richfield Real Estate Market

The Richfield housing market continues to show strong fundamentals. With a median sale price of $310,000 and homes spending an average of just 10 days on market, sellers in Richfield are in a favorable position.

Year-over-year prices have moved +5.8%, reflecting sustained buyer demand in the Hennepin County market. The compete score of 87/100 indicates that buyers are actively competing for homes in this area, putting sellers in a strong negotiating position.

If you're considering selling your Richfield home, our AI can analyze comparable sales in your specific neighborhood to show you exactly where your property stands in today's market.

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Seasonal Intelligence

When to Sell in Richfield

Our AI tracks seasonal patterns to help you time your sale for maximum value:

Season	Avg Days	Sale vs List	Best For
Spring (Mar–May)	12 days	101%	Maximum price
Summer (Jun–Aug)	15 days	100%	Family buyers
Fall (Sep–Nov)	22 days	98%	Motivated buyers
Winter (Dec–Feb)	28 days	97%	Serious buyers only

Schools in Richfield

Richfield is served by Richfield Public Schools (ISD 280), rated 6/10 overall. Strong school ratings are one of the top factors that attract buyers to this area, which directly supports your home's value.