The Northeast Richfield housing market is most competitive. The median sale price of a home in Northeast Richfield was $415K last month, up 16.1% since last year. The median sale price per square foot in Northeast Richfield is $222, up 9.1% since last year.
What is the housing market like in Northeast Richfield today?
In May 2025, Northeast Richfield home prices were up 16.1% compared to last year, selling for a median price of $415K. On average, homes in Northeast Richfield sell after 7 days on the market compared to 22 days last year. There were 21 homes sold in May this year, down from 28 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$415,000
+16.1% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Northeast Richfield, MN
$415,000
+16.1%
United States
To compare other locations to the Northeast 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 Northeast Richfield housing market?
Northeast Richfield is most competitive. Homes sell in 7 days.
0
100
93
Most 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
Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 3% above list price and go pending in around 7 days.
Hot homes
can sell for about 7% above list price and go pending in around 6 days.
Learn about schools in the Northeast Richfield area
Elementary
Middle
High
GreatSchools Rating
No elementary schools in this region.
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 Northeast Richfield housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Northeast Richfield.
Flood Factor - Minor
7% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Northeast Richfield has a minor risk of flooding. 60 properties in Northeast Richfield are likely to be
severely affected
by flooding over the next 30 years. This represents 7% of all properties in Northeast Richfield. Flood risk is increasing faster than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Northeast Richfield has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Northeast Richfield is most at risk from severe storms. 2,487 properties in Northeast 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
Northeast Richfield has a minor risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Northeast Richfield have a Minor Heat Factor®.
Northeast Richfield is expected to see a 114% increase in the number of days over 99ºF over the next 30 years. Northeast Richfield is expected to experience 8