Richfield Real Estate

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Richfield Real Estate & Homes for Sale in Minnesota
2000 W 68th Street, Richfield in Hennepin County, MN 55423 Home for Sale
Richfield, MN
Fairwood Park
5 Bed, 2.75 Bath
3,046 Sq.Ft
$550,000
Details of Price Reduced
Single Family - Richfield, Mn | Keller Williams Integrity Realty
6808 Clinton Avenue, Richfield in Hennepin County, MN 55423 Home for Sale
Richfield, MN
4 Bed, 1 Bath
1,720 Sq.Ft
$275,000
Details of Pool
Single Family - Richfield, Mn | Re/Max Results
7036 Lyndale Avenue S, Richfield in Hennepin County, MN 55423 Home for Sale
Richfield, MN
Wood Lake Shores
4 Bed, 2.25 Bath
2,438 Sq.Ft
$419,000
Details of New Listing
Single Family - Richfield, Mn | Keller Williams Realty Integrity-Edina
7339 Portland Avenue, Richfield in Hennepin County, MN 55423 Home for Sale
Richfield, MN
Blairs Wooddale Portland 05
3 Bed, 1.50 Bath
1,540 Sq.Ft
$285,000
Details of New Listings
Single Family - Richfield, Mn | Re/Max Results

Richfield, Minnesota
Average Home Sizes and Asking Prices

Updated On: April 1, 2020
Zipcode Single Family Home Townhome or Condo
4 BR 3 BR #Lst 3 BR 2 BR #Lst
55423 2,100 sf $338,000 1,700 sf $278,000 25 1,500 sf $471,000 5


55423 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  14   $251k
 1 Year Ago  11   $279k
 6 Months Ago   21   $269k
 1 Month Ago  6   $272k
 Today  18   $281k
*Averaged for 3 bedroom active listings



Asking Price in 55423 - 3 Bedroom Single Family Homes
55423 real estate listing price trend

Demographics & Schools Mortgage Area Map

Richfield Real Estate & Homes for Sale in Minnesota

Located in the metropolitan region of Hennepin County—an urban county with a population of more than 1.1 million people in 46 municipalities—Richfield is nestled a mere five miles south of downtown Minneapolis. Friendly residential neighborhoods, an excellent public school system, an extensive network of parks and an unparalleled quality of life make Richfield an attractive hometown for residents of all ages. Throw in the community's easy access to four major transportation routes and proximity to the Minneapolis-St. Paul International Airport and Richfield becomes an ideal suburb for working professionals.

Much more than just a bedroom community for the Twin Cities, Richfield is a growing urban hometown committed to residential and commercial development. More than 35,000 local residents are dedicated to preserving their communities and natural environment while welcoming new businesses. Tree-lined boulevards wind throughout the city’s clean, safe family-oriented neighborhoods.

The 150-acre Wood Lake Nature Center provides a quiet refuge, offering nature walks and naturalist classes. As in the rest of the state, education is a high priority. The Richfield Public School District serves more than 4,300 students in grades K-12 and also provides expanded student services ranging from preschools to extensive community adult-education programs. Like high school students throughout the state, Richfield seniors must pass the Minnesota Basic Standards Test in math, reading and writing with a 75% or better in order to receive their diplomas. Richfield’s high school graduation rate is 93 percent.

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Price Range of Richfield Homes for Sale

The real estate market in Richfield consists primarily of solidly built and comfortable single-family homes that include affordable ranch-styles as well as one-and-a-half or two-story homes with finished basements, fireplaces, screened porches or patios and pleasant backyards surrounded by shady trees. Prices for Richfield's homes start below $100,000 and range up to nearly $400,000. There are also a few Richfield area condominiums that list for under $150,000. A number of reasonably priced senior-only condo units for people aged 55+ are available as well.

Richfield Real Estate Stats and Trends for the week of April 1st, 2020: homes priced around $277,878 compared to $278,335 the previous week, for a slight decrease of less than -1%.  For Wednesday, April 1st, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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