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RICHMOND, KY 40475

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The RICHMOND, KY real estate market (40475) currently shows 257 active listings, with 75 pending sales. Homes are averaging 82 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 82 days on market compared to 64 days last year.

The median listing price has risen 4.3% year-over-year, from $335,725 to $350,000.

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
257
⇩ 0.4% vs 258 last year
Pending
75
29% pending ratio
Median Price
$350,000
⇧ 4.3% vs $335,725 last year
Average Price
$426,341
⇧ 1.1% vs $421,612 last year
Days on Market
82
⇧ 28.1% vs 64 days last year

Price Per Square Foot

Median $/sqft
$190
⇧ 3.3% vs $184/sqft last year
Median Home Size
1,909 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 257 this year vs 258 last year
  • Days on market: 82 now vs 64 last year

Median & Average Pricing

Year over Year
  • Median: $350,000 (+4.3% YoY)
  • Average: $426,341 (+1.1% 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 — 1,074 listings ($546,384,684 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40475Richmond, KY 404750.0 mi268$117,753,572$353,900$439,379
40515Lexington, KY 4051512.3 mi117$75,894,858$583,331$648,674
40403Berea, KY 4040313.5 mi123$37,853,865$285,000$307,755
40509Lexington, KY 4050916.3 mi218$121,445,402$499,000$557,089
40391Winchester, KY 4039116.8 mi141$66,579,495$335,000$472,195
40336Irvine, KY 4033618.6 mi41$11,799,103$244,700$287,783
40514Lexington, KY 4051420.6 mi36$14,128,128$367,500$392,448
40390Wilmore, KY 4039020.7 mi23$24,452,726$1,425,000$1,063,162
40516Lexington, KY 4051621.7 mi4$11,526,668$2,650,000$2,881,667
40507Lexington, KY 4050722.1 mi11$14,947,427$970,000$1,358,857
40504Lexington, KY 4050423.0 mi48$23,271,456$297,450$484,822
40513Lexington, KY 4051323.9 mi41$26,103,634$609,900$636,674
40460Orlando, KY 4046025.8 mi3$628,350$209,450$209,450

Frequently Asked Questions

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

As of February 2026, there are 257 active listings in RICHMOND, KY (zip code 40475), compared to 258 the prior year.

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

The median listing price in RICHMOND, KY 40475 is $350,000 as of February 2026, a 4.3% increase from $335,725 the prior year.

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

Homes in RICHMOND, KY 40475 spend an average of 82 days on the market before going under contract, compared to 64 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 February 2026, RICHMOND, KY 40475 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 82 days on market compared to 64 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 $7,000 compared to a typical 5% commission on the median listing price of $350,000. 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.