Sale prices by area / Richfield
Richfield: what homes actually sold for
Every sale below comes from the certificate of real estate value (eCRV) filed with the state when property changes hands. The median arm's-length price in 2026 was $348,000, up 70% from $205,000 in 2015.
Median price (2026)
$348,000
Sales in 2026
184
Investor/entity buyers
16%
Median sale price by year
| Year | Median | Middle half | Sales | Investor share |
|---|---|---|---|---|
| 2015 | $205,000 | $175,000 to $235,000 | 636 | 13.8% |
| 2016 | $220,000 | $189,900 to $245,000 | 703 | 8.8% |
| 2017 | $235,000 | $207,000 to $265,000 | 705 | 12.5% |
| 2018 | $248,700 | $220,000 to $284,900 | 629 | 13.5% |
| 2019 | $265,250 | $230,000 to $301,750 | 608 | 15.5% |
| 2020 | $284,500 | $240,000 to $318,000 | 596 | 11.9% |
| 2021 | $320,000 | $276,000 to $360,000 | 749 | 15.1% |
| 2022 | $327,250 | $285,000 to $378,375 | 578 | 17.0% |
| 2023 | $329,500 | $270,000 to $380,000 | 469 | 15.3% |
| 2024 | $350,000 | $305,000 to $400,000 | 475 | 12.4% |
| 2025 | $351,000 | $300,000 to $409,750 | 438 | 15.3% |
| 2026 | $348,000 | $290,000 to $400,000 | 184 | 16.3% |
Arm's-length sales only: gifts, related-party transfers, and sales flagged as non-market are excluded, as are prices under $3,000. Investor share counts sales where a buyer is an organization (LLC, trust, company) rather than an individual.
Largest sales in the last 12 months
| 6345 Lyndale Avenue South | November 18, 2025 | $15,100,000 |
| 6436 Lyndale Ave S. | May 15, 2026 | $3,600,000 |
| 7500 Oliver Avenue S | May 28, 2026 | $2,500,000 |
| 6640 Lyndale Avenue South | February 10, 2026 | $2,332,625 |
| 7444 Lyndale Avenue South | January 23, 2026 | $1,500,000 |
| 6228 Pleasant Avenue S | May 1, 2026 | $1,439,220 |
| 6715 Penn Avenue South | July 29, 2025 | $1,430,000 |
| 6440 Nicollet Ave | December 23, 2025 | $1,022,500 |
Large transactions are often commercial or multi-parcel deals, not single homes.
Wondering how your own assessment compares to what homes really sell for? Check your address with the free assessment lookup, run the two-minute appeal checkup, and know this year's appeal deadlines.
Source: Minnesota Department of Revenue eCRV weekly sales extracts, October 2014 to present, updated weekly. Medians and shares are computed from arm's-length sales as described above.