The Southeast Richfield housing market is very competitive. The median sale price of a home in Southeast Richfield was $318K last month, down 3.8% since last year. The median sale price per square foot in Southeast Richfield is $201, down 1.7% since last year.
What is the housing market like in Southeast Richfield today?
In January 2025, Southeast Richfield home prices were down 3.8% compared to last year, selling for a median price of $318K. On average, homes in Southeast Richfield sell after 14 days on the market compared to 16 days last year. There were 14 homes sold in January this year, down from 20 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$317,500
-3.8% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Southeast Richfield, MN
$317,500
-3.8%
United States
To compare other locations to the Southeast 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.
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How hot is the Southeast Richfield housing market?
Southeast Richfield is very competitive. Homes sell in 14 days.
0
100
89
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 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% above list price and go pending in around 14 days.
Hot homes
can sell for about 4% above list price and go pending in around 7 days.
Learn about schools in the Southeast Richfield area
Elementary
Middle
High
GreatSchools Rating
5/10
Richfield Dual Language School
Public • PreK-5
488
Students
4 reviews
3/10
Richfield Stem School
Public • PreK-5
636
Students
5 reviews
2/10
Centennial Elementary School
Public • PreK-5
397
Students
6 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 Southeast Richfield housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Southeast Richfield.
Flood Factor - Minor
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Southeast Richfield has a minor risk of flooding. 120 properties in Southeast Richfield are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Southeast Richfield. Flood risk is increasing slower than the national average.
11% of properties are at risk of wildfire over the next 30 years
Fire Factor
Southeast Richfield has a moderate risk of wildfire. There are 300 properties in Southeast Richfield that have some risk of being affected by wildfire over the next 30 years. This represents 11% of all properties in Southeast Richfield.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Southeast Richfield has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Southeast Richfield is most at risk from severe storms. 2,624 properties in Southeast Richfield have some risk of being in a severe wind event within the next 30 years.
100% of properties are at minor
risk of heat over the next 30 years
Heat Factor
Southeast Richfield has a minor risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Southeast Richfield have a Minor Heat Factor®.
Southeast Richfield is expected to see a 114% increase in the number of days over 99ºF over the next 30 years. Southeast Richfield is expected to experience 8