New listing
2
$77,500
6095 Preakness Pl Lot 61
Richmond, KY 40475
Land1.41 acres
Judd Hisel · ERA Select Real Estate
More about this property
Richmond, KY Housing Market & Real Estate
Buyer's market+12.0% YoY
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Richmond, KY is $292,450, up 12.0% year-over-year. Homes sell in an average of 88 days with 121 active listings. The market is currently a buyer's market.
$292,450median sale price
Is Richmond a buyer's or seller's market?
Buyer's market6.1 months of supply88 avg. days on market
Richmond, KY is currently a buyer's market, based on 6.1 months of supply and homes selling in about 88 days. How we determine this →
Homes sold
20
Last 12 weeks
Days on market
88
Average pace
Active listings
121
6.1 months supply
Sale-to-list
98.3%
Below asking
Richmond, KY market data
| Metric | Value |
|---|---|
| Median sale price | $292,450 |
| Median list price | $316,250 |
| Year-over-year price change | +12.0% |
| Average days on market | 88 days |
| Active inventory | 121 listings |
| Months of supply | 6.1 months |
| Sale-to-list price ratio | 98.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Richmond housing market is currently classified as a buyer's market with a median sale price of $292,450. Prices have risen 12.0% compared to last year, with homes spending an average of 88 days on market, indicating 6.1 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Richmond
There are currently 121 homes listed for sale in Richmond, Kentucky. The median listing price is $316K. 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
House10,942 sqft lot
Est. $282KSold 2018 for $154K
Shelley Paterson · In House Real Estate
More about this property
New listing
30
$269,900
106 Keystone Dr
Richmond, KY 40475
3 bd2 ba1,505 sqft
House9,718 sqft lot
Est. $250K
Amanda Marcum · Berkshire Hathaway HomeServices Foster Realtors
More about this property
New listing
58
$285,000
54 Heron Landing Rd
Richmond, KY 40475
3 bd2 ba1,368 sqft
House1.33 acres
Est. $226K
Tina Neal · RE/MAX Elite Realty
More about this property
New listing
29
$325,000
913 Paddock Ct
Richmond, KY 40475
2 bd2 ba1,659 sqft
Condo
Est. $336K
S Paige Luxon · Keller Williams Legacy Group
More about this property
New listingNew build
32
$336,900
603 Comanche Trl
Richmond, KY 40475
3 bd2 ba1,548 sqft
House11,326 sqft lot
Brittany Cannon · Bluegrass Properties Group
More about this property
New listingNew build
2
$336,900
105 Choctaw Trl
Richmond, KY 40475
3 bd2 ba1,548 sqft
House12,197 sqft lot
Brittany Cannon · Bluegrass Properties Group
More about this property
New listingNew build
27
$342,065
4005 Stagecoach Dr
Richmond, KY 40475
4 bd2 ba1,771 sqft
House
More about this property
New listingNew build
28
$382,970
2032 Coachman Dr
Richmond, KY 40475
4 bd3 ba2,346 sqft
House
More about this property
75
$439,995
1969 Red House Rd
Richmond, KY 40475
4 bd3 ba4,121 sqft
House3.28 acres
Est. $259K
David Keene · United Real Estate Bluegrass
More about this property
New listingNew build
61
$549,900
100 Seven Oaks Dr
Richmond, KY 40475
4 bd4 ba2,521 sqft
House1.03 acres
Est. $552K
Benjamin Lawwill · Keller Williams Legacy Group
More about this property
New listingNew build
4
$569,900
208 Carhartt Dr
Richmond, KY 40475
3 bd2 ba2,074 sqft
House1.00 acres
Brittany Cannon · Bluegrass Properties Group
More about this property
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Active listings
121
Homes on market
Median list price
$316K
Avg. days on market
88
Days until sale
New this week
40
Newly listed
Price drops:14.9%of listings
Sale-to-list:98.3%
Top public schools in 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.
Explore nearby cities in KY
Frequently asked questions
What is the average home price in Richmond?
The median home sale price in Richmond is $292,450, up 12.0% from last year.
How long do homes stay on market in Richmond?
Homes typically spend 88 days on market before going under contract.
Is Richmond a buyer's or seller's market?
With 6.1 months of supply, Richmond is currently a buyer's market.
How many homes are for sale in Richmond?
There are currently 121 homes listed for sale in Richmond, KY.
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