The Southwest Richfield housing market is very competitive. The median sale price of a home in Southwest Richfield was $378K last month, up 22.8% since last year. The median sale price per square foot in Southwest Richfield is $181, down 24.5% since last year.
What is the housing market like in Southwest Richfield today?
In February 2025, Southwest Richfield home prices were up 22.8% compared to last year, selling for a median price of $378K. On average, homes in Southwest Richfield sell after 32 days on the market compared to 25 days last year. There were 12 homes sold in February this year, up from 9 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$377,500
+22.8% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Southwest Richfield, MN
$377,500
+22.8%
United States
To compare other locations to the Southwest 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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Work with the best agents in Southwest Richfield
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How hot is the Southwest Richfield housing market?
Southwest Richfield is very competitive. Homes sell in 24 days.
0
100
85
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 1% above list price and go pending in around 24 days.
Hot homes
can sell for about 4% above list price and go pending in around 10 days.
Learn about schools in the Southwest Richfield area
Elementary
Middle
High
GreatSchools Rating
1/10
South Alternative Center
Public • PreK-12
71
Students
N/A
NR
Richfield Extended School Year
Public • K-12
-
Students
N/A
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 Southwest Richfield housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Southwest Richfield.
Flood Factor - Minor
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Southwest Richfield has a minor risk of flooding. 93 properties in Southwest Richfield are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in Southwest 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
Southwest Richfield has a moderate risk of wildfire. There are 3 properties in Southwest Richfield that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Southwest Richfield.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Southwest Richfield has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Southwest Richfield is most at risk from severe storms. 2,523 properties in Southwest 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
Southwest Richfield has a minor risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Southwest Richfield have a Minor Heat Factor®.
Southwest Richfield is expected to see a 100% increase in the number of days over 98ºF over the next 30 years. Southwest Richfield is expected to experience 7