The Northwest Richfield housing market is very competitive. The median sale price of a home in Northwest Richfield was $380K last month, up 4.1% since last year. The median sale price per square foot in Northwest Richfield is $214, down 6.8% since last year.
What is the housing market like in Northwest Richfield today?
In October 2024, Northwest Richfield home prices were up 4.1% compared to last year, selling for a median price of $380K. On average, homes in Northwest Richfield sell after 17 days on the market compared to 14 days last year. There were 35 homes sold in October this year, up from 35 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$380,000
+4.1% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Northwest Richfield, MN
$380,000
+4.1%
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.
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How hot is the Northwest Richfield housing market?
Northwest Richfield is very competitive. Homes sell in 18 days.
0
100
75
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 1% above list price and go pending in around 18 days.
Hot homes
can sell for about 3% above list price and go pending in around 12 days.
Learn about schools in the Northwest Richfield area
Elementary
Middle
High
GreatSchools Rating
5/10
Sheridan Hills Elementary School
Public • PreK-5
410
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.
Flood Factor - Minor
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Northwest Richfield has a minor risk of flooding. 225 properties in Northwest Richfield are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in Northwest Richfield. Flood risk is increasing slower than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Northwest Richfield has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Northwest Richfield is most at risk from severe storms. 3,035 properties in Northwest Richfield have some risk of being in a severe wind event within the next 30 years.
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