The Northwest Richfield housing market is very competitive. The median sale price of a home in Northwest Richfield was $325K last month, up .0% since last year. The median sale price per square foot in Northwest Richfield is $193, up 0.3% since last year.
What is the housing market like in Northwest Richfield today?
In March 2024, Northwest Richfield home prices were up .0% compared to last year, selling for a median price of $325K. On average, homes in Northwest Richfield sell after 14 days on the market compared to 23 days last year. There were 27 homes sold in March this year, up from 20 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$325,000
0.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Northwest Richfield, MN
$325,000
0.0%
United States
To compare other locations to the Northwest Richfield and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Richfield add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Northwest Richfield housing market?
Northwest Richfield is very competitive. Homes sell in 11 days.
0
100
87
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% above list price and go pending in around 11 days.
Hot homes
can sell for about 8% above list price and go pending in around 5 days.
Learn about schools in the Northwest Richfield area
Elementary
Middle
High
GreatSchools Rating
5/10
Sheridan Hills Elementary School
Public • PreK-5
467
Students
12 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Northwest Richfield housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Northwest Richfield.
Risk Factor
Flood Factor - Moderate
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Northwest Richfield has a moderate risk of flooding. 263 properties in Northwest Richfield are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in Northwest Richfield. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Northwest Richfield has a minor risk of wildfire. There are 19 properties in Northwest Richfield that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Northwest Richfield.
Northwest Richfield has minimal risk of severe winds over the next 30 years
Wind Factor
Northwest Richfield has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
99% of properties are at minor
risk of heat over the next 30 years
Heat Factor
Northwest Richfield has a minor risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Northwest Richfield have a Minor Heat Factor®.
Northwest Richfield is expected to see a 100% increase in the number of days over 98ºF over the next 30 years. Northwest Richfield is expected to experience 7