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RICHMOND, KY 40475

Real Estate Market Report  ·  Madison County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The RICHMOND, KY real estate market (40475) currently shows 280 active listings, with 94 pending sales. Homes are averaging 60 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 60 days on market compared to 53 days last year.

The median listing price has fallen 0.1% year-over-year, from $353,926 to $353,425.

Whether you are buying or selling in RICHMOND, KY, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 64,678  ·  Density: 86.9/mi²  ·  Median household income: $60,449

Typical home value: $213,101  ·  Homeownership: 58.6%

Market Overview

Active Listings
280
⇩ 1.8% vs 285 last year
Pending
94
34% pending ratio
Median Price
$353,425
⇩ 0.1% vs $353,926 last year
Average Price
$432,706
⇩ 0.2% vs $433,435 last year
Days on Market
60
⇧ 13.2% vs 53 days last year

Price Per Square Foot

Median $/sqft
$188
⇧ 2.2% vs $184/sqft last year
Median Home Size
1,945 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 280 this year vs 285 last year
  • Days on market: 60 now vs 53 last year

Median & Average Pricing

Year over Year
  • Median: $353,425 (-0.1% YoY)
  • Average: $432,706 (-0.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 25.8 miles — 998 listings ($491,914,689 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40475Richmond, KY 404750.0 mi257$109,569,637$350,000$426,341
40515Lexington, KY 4051512.3 mi112$74,568,256$580,331$665,788
40403Berea, KY 4040313.5 mi120$37,253,520$279,975$310,446
40509Lexington, KY 4050916.3 mi186$100,873,194$511,175$542,329
40391Winchester, KY 4039116.8 mi134$61,190,296$301,675$456,644
40336Irvine, KY 4033618.6 mi40$10,794,320$215,000$269,858
40514Lexington, KY 4051420.6 mi31$12,260,407$357,500$395,497
40390Wilmore, KY 4039020.7 mi25$25,124,700$1,331,250$1,004,988
40516Lexington, KY 4051621.7 mi4$8,369,332$553,750$2,092,333
40507Lexington, KY 4050722.1 mi8$9,851,904$665,750$1,231,488
40504Lexington, KY 4050423.0 mi41$18,363,203$282,225$447,883
40513Lexington, KY 4051323.9 mi36$23,078,052$629,000$641,057
40460Orlando, KY 4046025.8 mi4$617,868$94,900$154,467

Frequently Asked Questions

How many homes are for sale in RICHMOND, KY 40475?

As of March 2026, there are 280 active listings in RICHMOND, KY (zip code 40475), compared to 285 the prior year.

What is the median home price in RICHMOND, KY 40475?

The median listing price in RICHMOND, KY 40475 is $353,425 as of March 2026, a 0.1% decrease from $353,926 the prior year.

How long do homes stay on the market in RICHMOND, KY?

Homes in RICHMOND, KY 40475 spend an average of 60 days on the market before going under contract, compared to 53 days the prior year.

Is it a seller's or buyer's market in RICHMOND, KY 40475?

Based on current inventory and days-on-market data as of March 2026, RICHMOND, KY 40475 is currently a Balanced Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 60 days on market compared to 53 days last year.

How much can I save on real estate commission in RICHMOND, KY?

With SELL123.com's maximum 3% commission, sellers in RICHMOND, KY 40475 save an estimated $7,069 compared to a typical 5% commission on the median listing price of $353,425. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.