Richmond, Kentucky

Richmond, Kentucky Real Estate

Explore Richmond real estate, current housing-market data, resources for buyers and sellers, and information to help you evaluate your next move.

About Richmond

Richmond is located in Madison County, Kentucky and is the county seat. Richmond is home to Eastern Kentucky University. Residential properties within Richmond include different home ages, architectural styles, property types, locations, lot configurations, and price ranges.

What works well for one buyer or household may not fit another, which is why evaluating a property or location in Richmond depends on your own needs, budget, priorities, and research. Buyers should evaluate individual properties and locations according to those criteria rather than relying on general descriptions of the community.

Richmond Market Snapshot

Updated August 28, 2026

The figures below are current Richmond residential listing and sales activity for the stated date. These are Richmond figures from an MLS report filtered to County = Madison and City = Richmond, not figures for all of Madison County. They are counts from the local multiple listing service, not a valuation or forecast for any individual property.

Active homes for sale

241

Active homes on market 60+ days

163

Pending homes

Under contract with contingencies

Homes sold during July 2026

178

Market Figures at a Glance

Active homes for sale

241

Active homes on market 60+ days

163

Pending homes

Homes under contract with contingencies

Homes sold during July 2026

178

Chart shows the five figures above with bar length proportional to each count. The 163 Active 60+ days homes are a subset of the 241 active listings.

What These Figures Mean

The 163 active listings that have been on the market 60 days or longer are a subset of the 241 active listings, not a separate listing status. Approximately 67.6% of the current active Richmond inventory has been on the market for at least 60 days (163 divided by 241).

This percentage is descriptive only. The MLS data does not establish why these listings have remained active for 60 days or longer. Pricing, condition, property characteristics, location, competition, buyer demand, financing, presentation, and other factors may contribute depending on the individual property.

Source: Bluegrass REALTORS® MLS data reviewed by Make Kentucky Home Group.

See the broader Central Kentucky market

What Recent Richmond Sales Show

This is a separate closed-sales analysis and should not be combined with the active, pending, or contingent figures above. A Bluegrass REALTORS® MLS/FlexMLS report prepared August 28, 2026 identified 178 Richmond residential closed listings within the report's search criteria. For those 178 closed listings:

Median sold price

$335,000

Median Days on Market

34 days

Median Cumulative Days on Market

36.5 days

Median sold-to-list-price ratio

99.11%

These are market-level statistics drawn from the report's defined search criteria. They are not a valuation, a pricing recommendation, a guarantee, or a prediction for an individual property. They do not mean a Richmond home is worth $335,000, that a home should sell in 34 days, that every home sells for 99.11% of asking price, or that these statistics guarantee an individual result. Each property is different and must be evaluated on its own.

Source: Bluegrass REALTORS® MLS data reviewed by Make Kentucky Home Group.

Buying a Home in Richmond

Buyers can evaluate Richmond properties on the criteria that matter to them, including housing type, budget, property features, commute considerations, proximity to places that are important to them, lot and property characteristics, and other personal priorities. Taking time to define what is important to you makes it easier to narrow the search and compare homes on a consistent basis.

Buying a home in Central Kentucky

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Daniel works with Richmond and Central Kentucky buyers on a no-pressure basis. A buyer consultation helps you get clear on budget, timelines, and what to prioritize.

Plan My Richmond Home Search

Selling a Home in Richmond

Citywide statistics like the market snapshot above provide useful context, but they should not be treated as an individual home's valuation. Because a substantial portion of the current active Richmond inventory has been on the market 60 days or longer, sellers may want to understand how their individual property compares with both recent sales and current competing listings. This does not guarantee a particular pricing or marketing strategy. A property-specific strategy can consider relevant comparable sales, current competing listings, condition, property characteristics, location, features, price range, and current market conditions.

Selling a Home in Central Kentucky

An overview of the selling process and how Daniel helps.

What Is My Home Worth?

Get a home value estimate with no obligation.

How Much Does It Cost to Sell?

Understand the costs you can expect when selling.

Pre-Sale Repairs

Know what your house needs before you spend money.

Should I Sell My House As-Is?

Evaluate whether an as-is sale is right for your situation.

How Long Does It Take to Sell a House in Kentucky?

A practical look at timelines and what affects them.

See How Richmond Homes Like Mine Are Selling Get a Richmond Home Value Estimate

Richmond Housing and Property Types

Richmond contains different residential property types, home ages, architectural styles, lot configurations, and development patterns. Which category suits you depends on your needs, budget, and priorities, not on any single category being better than another.

Detached single-family homes

Independent homes located across a range of areas and price ranges.

Townhomes and attached housing

Attached homes that offer a different ownership and maintenance structure.

Older and established residential properties

Established homes with a range of ages, styles, and characteristics.

Newer construction

Recently built homes and newer-construction communities.

Properties with larger lots

Homes set on larger lots, depending on the area and property.

Varied price ranges

Housing options across a range of prices, so what fits you depends on your budget and priorities.

Researching Richmond

The best way to evaluate a move is to research the criteria that matter to you using official and authoritative sources. The resources below are a good starting point.

City of Richmond

Official city-government information, services, departments, and public resources.

Madison County Government

Official Madison County government information and services.

Eastern Kentucky University

Official information about Eastern Kentucky University.

Madison County Schools

Official school-district information and resources.

Explore Central Kentucky

Make Kentucky Home Group serves communities throughout Central Kentucky. Explore each one on the criteria that matter to you, without judgments about one being better than another.