New Listing
2
$77,500
6095 Preakness Pl Lot 61
Richmond, KY 40475
Land1.41 acres
Judd Hisel · ERA Select Real Estate
View photos & details
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Sarah Mitchell
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Compass Real Estate · Richmond, KY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Richmond, KY(512) 555-0184TX License #0512847
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Richmond, KY Housing Market & Real Estate
Balanced market-2.6% YoY
Housing market overview · Updated monthly ·
$305,000median sale price
How is the Richmond, KY housing market right now?
The median home sale price in Richmond, KY is $305,000, down 2.6% year-over-year. Homes sell in an average of 53 days with 112 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Richmond a buyer's or seller's market?
Balanced market2.3 months of supply53 avg. days on market
Richmond, KY is currently a balanced market, based on 2.3 months of supply and homes selling in about 53 days. How we determine this →
Homes sold
49
Last 12 weeks
Days on market
53
Average pace
Active listings
112
2.3 months supply
Sale-to-list
99.5%
Below asking
What does the Richmond housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $305,000 |
| Median list price | $317,900 |
| Year-over-year price change | -2.6% |
| Average days on market | 53 days |
| Active inventory | 112 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 99.5% |
| Median price per sq ft | $159/sq ft |
| Homes sold (latest month) | 49 |
| New listings (latest month) | 53 |
| Listings with a price cut | 28.6% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Richmond by property type?
How the Richmond, KY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $304,900 | $173/sq ft | 45 | 53 days |
| Condo / Co-op | $330,000 | $191/sq ft | 2 | 57 days |
| Townhouse | $145,000 | $121/sq ft | 1 | 276 days |
Source: Redfin · Updated monthly
The Richmond housing market is currently classified as a balanced market with a median sale price of $305,000. Prices have fallen 2.6% compared to last year, with homes spending an average of 53 days on market, indicating 2.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.3x provides context for how home values compare to local earning capacity.
Homes for sale in Richmond
There are currently 112 homes listed for sale in Richmond, Kentucky. The median listing price is $318K. Featured listings range from $77,500 to $569,900.
New Listing
32
$259,000
824 Aster Ct
Richmond, KY 40475
3 bd2 ba1,400 sqft$185/ft²
House10,942 sqft lot
Shelley Paterson · In House Real Estate
View photos & details
New Listing
30
$269,900
106 Keystone Dr
Richmond, KY 40475
3 bd2 ba1,505 sqft$179/ft²
House9,718 sqft lot
Amanda Marcum · Berkshire Hathaway HomeServices Foster Realtors
View photos & details
New Listing
58
$285,000
54 Heron Landing Rd
Richmond, KY 40475
3 bd2 ba1,368 sqft$208/ft²
House1.33 acres
Tina Neal · RE/MAX Elite Realty
View photos & details
New Listing
29
$325,000
913 Paddock Ct
Richmond, KY 40475
2 bd2 ba1,659 sqft$196/ft²
Condo
S Paige Luxon · Keller Williams Legacy Group
View photos & details
New Build
32
$336,900
603 Comanche Trl
Richmond, KY 40475
3 bd2 ba1,548 sqft$218/ft²
House11,326 sqft lot
Brittany Cannon · Bluegrass Properties Group
View photos & details
New Build
2
$336,900
105 Choctaw Trl
Richmond, KY 40475
3 bd2 ba1,548 sqft$218/ft²
House12,197 sqft lot
Brittany Cannon · Bluegrass Properties Group
View photos & details
New Build
27
$342,065
4005 Stagecoach Dr
Richmond, KY 40475
4 bd2 ba1,771 sqft$193/ft²
House
View photos & details
New Build
28
$382,970
2032 Coachman Dr
Richmond, KY 40475
4 bd3 ba2,346 sqft$163/ft²
House
View photos & details
75
$439,995
1969 Red House Rd
Richmond, KY 40475
4 bd3 ba4,121 sqft$107/ft²
House3.28 acres
David Keene · United Real Estate Bluegrass
View photos & details
New Build
61
$549,900
100 Seven Oaks Dr
Richmond, KY 40475
4 bd4 ba2,521 sqft$218/ft²
House1.03 acres
Benjamin Lawwill · Keller Williams Legacy Group
View photos & details
New Build
4
$569,900
208 Carhartt Dr
Richmond, KY 40475
3 bd2 ba2,074 sqft$275/ft²
House1.00 acres
Brittany Cannon · Bluegrass Properties Group
View photos & details
Looking to buy in Richmond?
Get connected with a local real estate expert — free, no obligation.
Active listings
112
Homes on market
Median list price
$318K
Avg. days on market
53
Days until sale
New this week
53
Newly listed
Price drops:28.6%of listings
Sale-to-list:99.5%
Who lives in Richmond?
Population
35,498
Median income
$48,223/yr
Median age
28.1 years
Owner-occupied
40.1%
College grads
34.3%
Avg commute
23.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Richmond?
Zillow home value
$303,364
Zillow rent index
$1,188/mo
Price-to-rent ratio
21.3x
Price-to-income
6.3x
Source: Zillow Research
What is it like to live in Richmond?
Richmond is a community of approximately 35K residents with a median age of 28.1 years.The median household income is $48,223, which represents a working-class community with solid middle-income opportunities. 34.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 40.1%, showing a blend of owner and renter-occupied properties. The average commute time is 23.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Richmond offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Richmond?
15 schools tracked · 7,138 students
The largest public schools serving Richmond, KY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Madison Central High School
Grades 9-12 · 2,250 students
Kirksville Elementary School
Grades PK-5 · 620 students
Madison Middle School
Grades 6-8 · 588 students
Clark Moores Middle School
Grades 6-8 · 552 students
Daniel Boone Elementary School
Grades 1-5 · 493 students
Glenn R Marshall Elementary School
Grades 1-5 · 480 students
B. Michael Caudill Middle School
Grades 6-8 · 465 students
Kit Carson Elementary School
Grades 1-5 · 452 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Richmond, KY?
Want a head-to-head view? Compare Richmond side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Richmond?
Is Richmond a good real estate investment market?
For investors evaluating Richmond, the price-to-rent ratio of 21.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 2.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Richmond's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Richmond's median home price.
Frequently asked questions
What is the average home price in Richmond?
The median home sale price in Richmond is $305,000, down 2.6% from last year.
How long do homes stay on market in Richmond?
Homes typically spend 53 days on market before going under contract.
What is the median income in Richmond?
The median household income is $48,223 per year.
Is Richmond a buyer's or seller's market?
With 2.3 months of supply, Richmond is currently a balanced market.
How many homes are for sale in Richmond?
There are currently 112 homes listed for sale in Richmond, KY.
What is the Zillow home value estimate for Richmond?
The Zillow Home Value Index (ZHVI) for Richmond is $303,364, representing the typical home value in the area.
What is the median condo price in Richmond?
The median condo/co-op sale price in Richmond, KY is $330,000, compared to $304,900 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Richmond?
The median single-family home price in Richmond, KY is $304,900 (about $173 per square foot).
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