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Richfield, MN 55423 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Richfield, MN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.17
ActiveActive listings: 3030PendingPending sales: 55
Richfield, MN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $250k$250kSoldMedian sold price (last 6 months): $360k$360k
What homes actually sell for in Richfield, MN
Distribution of 359 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $310k to $410k
$145k to $192k: 13 sales$145k$192k to $240k: 15 sales$240k to $288k: 23 sales$240k$288k to $335k: 55 sales$335k to $382k: 91 sales91sales$335k$382k to $430k: 81 sales$430k to $478k: 36 sales$430k$478k to $525k: 10 salesMedian $360k

What the numbers say

As of October 5, 2026, Resideline is tracking 30 active listings and 5 pending sales in ZIP code 55423. That pending-to-active ratio of 0.17 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $249,900, while the median of the 359 closed sales Resideline tracked over the last six months was $360,500. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 55423 for 65 days.

Frequently asked questions

What is the median home price in 55423?

The median closed sale price in Richfield, MN 55423 was $360,500 over the last six months, based on 359 closed sales tracked by Resideline. The middle half of those sales ranged from $310,000 to $410,000.

Is 55423 a buyer's or seller's market?

Resideline is currently tracking 5 pending sales against 30 active listings in 55423, a pending-to-active ratio of 0.17. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 55423 currently looks like a balanced market.

Nearby ZIP code market data

Full Richfield, MN housing market report →

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