Richmond, KY
Housing market overview · Updated weekly
$292,450median sale price
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
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
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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.
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