The Southwest Richfield housing market is very competitive. The median sale price of a home in Southwest Richfield was $320K last month, down 3.0% since last year. The median sale price per square foot in Southwest Richfield is $227, down 5.8% since last year.
What is the housing market like in Southwest Richfield today?
In March 2024, Southwest Richfield home prices were down 3.0% compared to last year, selling for a median price of $320K. On average, homes in Southwest Richfield sell after 14 days on the market compared to 17 days last year. There were 14 homes sold in March this year, down from 20 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$320,000
-3.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Southwest Richfield, MN
$320,000
-3.0%
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.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Southwest Richfield housing market?
Southwest Richfield is very competitive. Homes sell in 14 days.
0
100
88
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 5% above list price and go pending in around 7 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
1/10
South Alternative Center
Public • PreK-12
96
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.
Risk Factor
Flood Factor - Minor
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Southwest Richfield has a minor risk of flooding. 105 properties in Southwest Richfield are likely to be
severely affected
by flooding over the next 30 years. This represents 10% 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 minor risk of wildfire. There are 33 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.
Southwest Richfield has minimal risk of severe winds over the next 30 years
Wind Factor
Southwest 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.
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