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ZIP 55423 in Richfield, MN: housing market trends

The median home sale price in ZIP 55423 in Richfield, MN was $360,394 for the three-month period ending September 2026. Sale prices were 6.0% higher than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$360,394
three-month period ending September 2026
Median sale price per sq ft
$214.80
three-month period ending September 2026
Active listings
220
three-month period ending September 2026
Typical monthly rent
$1,387
Rent index · August 2026

How is housing inventory changing?

There were 220 active listings for the three-month period ending September 2026. Active listings were 24.3% higher than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 25 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for ZIP 55423 in Richfield, MN
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$360,394$214.80138
Single-familySeptember 2026$368,407$218.38115
TownhousesSeptember 2026$400,001$240.663 · small sample
Condos / co-opsSeptember 2026$169,995$188.8318
Multifamily (2–4 units)September 2026$612,500$152.882 · small sample

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for ZIP 55423 in Richfield, MN
MarketMedian sale priceReporting period / source
Richfield, MN$360,0793 months ending September 2026 · Redfin
Bloomington, MN$387,500Month ending July 2026 · Zillow
Edina, MN$721,250Month ending July 2026 · Zillow
Saint Louis Park, MN$410,000Month ending July 2026 · Zillow
Minneapolis, MN$357,000Month ending July 2026 · Zillow
Hopkins, MN$399,8103 months ending September 2026 · Redfin

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for ZIP 55423 in Richfield, MN
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$360,394$214.80220
August 2026$367,500$217.90228
July 2026$369,250$219.45215
June 2026$375,000$219.66212
May 2026$355,000$219.44191
April 2026$351,500$218.21162
March 2026$348,000$211.08129
February 2026$340,000$208.41125
January 2026$340,000$212.16135
December 2025$354,450$217.98151
November 2025$350,000$216.75176
October 2025$365,000$218.88180
September 2025$340,000$217.59177
August 2025$365,000$216.67178
July 2025$366,000$216.57168
June 2025$378,150$216.67173
May 2025$375,000$214.56172
April 2025$380,000$211.51155
March 2025$375,000$201.47126
February 2025$380,000$206.6699
January 2025$345,000$212.03108
December 2024$353,000$209.30123
November 2024$365,000$208.00150
October 2024$372,500$208.01167

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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