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Why Live in Richfield

While its proximity to the airport and downtown Minneapolis draws people to Richfield, Minnesota, its park system and sense of community keep them there. The city has a variety of mid-20th-century homes, including Cape Cods, ranch-style houses and Tudor-inspired cottages. Richfield’s housing market is competitive, with homes often selling quickly due to lower prices compared to neighboring areas like Edina and West Bloomington. Minneapolis-Saint Paul International Airport is right next to the city, which is a big draw for frequent travelers. Richfield is highly bikeable, with nearly 45 miles of bike routes, and has easy access to highways and public transit. There are over 450 acres of green space, including notable parks such as Veterans Park and Wood Lake Nature Center. Veterans Park’s amenities include an outdoor pool and a playground. Wood Lake Nature Center has about 3 miles of trails and boardwalks for exploring various habitats and wildlife, which double as great options for snowshoeing and skiing in the winter. Educational options in Richfield include the Richfield Public School District and highly rated private and charter schools. There are plenty of local restaurants to choose from, especially along Penn Avenue, one of the city’s main drags.

Home Price Trends

Median Sale Price
$355,000
Median Single Family Sale Price
$365,000
Median Townhouse Sale Price
$439,900
Median 2 Bedroom Sale Price
$314,950
Median 1 Bedroom Sale Price
$130,000
Average Price Per Sq Ft
$213
Number of Homes for Sale
0
Last 12 months Home Sales
400
Months of Supply
2.40
Median List Price
$350,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-1%
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