Richmond, KY Housing Market 2026: What Homes Actually Sell For

If you invest in or around Richmond, the number that matters is what homes actually close for, not what sellers are asking. Here is what Richmond sale prices look like right now, built from the closings Resideline tracked over the last six months, as of September 2026.

The snapshot

• •Closings tracked, last 6 months: 246
• •Median sold price, last 6 months: $299,000
• •Median sold $/sqft, last 6 months: $164
• •Middle half of sales closed between: $230,000 and $362,550

What the numbers say

Resideline tracked 246 closed sales in Richmond over the last six months, with a median closing price of $299,000. That median is the midpoint of what buyers actually paid, not what sellers hoped to get, which is why it moves differently from the asking prices you see on listing sites. The middle half of those sales closed between $230,000 and $362,550. That spread matters more than the headline median: where a specific property sits inside it decides whether the citywide number helps you or misleads you. These are the closings Resideline tracks and may differ from complete county or municipal records. 88% of the Richmond closings we track here are single-family houses, so these figures primarily reflect that segment, and the citywide $/sqft figure primarily reflects that segment as well. Across the 243 closings with usable living area, the middle half sold between $134 and $192 per square foot.

Figures last updated September 6, 2026 from closings Resideline tracked.

Median home price in Richmond, KY (September 2026)

The median home price in Richmond is $299,000, measured across the 246 closed sales Resideline tracked over the last six months. The middle half of those sales closed between $230,000 and $362,550.

Where Richmond sale prices land

Medians hide the shape of a market. The distribution above covers the closed sales Resideline tracked in Richmond over the last six months that carry a usable sale date, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $230,000 and $362,550. Among the 25 Kentucky markets with a published band, Richmond's middle-half spread ($230,000 to $362,550) ranks 7th from the narrowest. Where your target property sits inside that spread matters more than the citywide median. Measured as the ratio of the upper to the lower quartile, its middle-half spread ranks in the 35th percentile of the 2,187 US markets in Resideline's national Market Watch set, on data as of September 4, 2026.

How long a sale takes here

• •Listed to under contract: a median of 21 days, across 156 Richmond closings Resideline tracked in the last six months
• •Contract to closing: a median of 30 days, across 121 Richmond closings Resideline tracked in the last six months

The Richmond angle

Richmond's closed-sale record over the last six months runs to 246 tracked closings, a median sale price of $299,000, and a middle half of sales between $230,000 and $362,550. The width of that band is unremarkable for the markets we track, which is quietly useful information: nothing in the spread suggests this market needs special handling, so standard practice applies. Start from closed sales matched to the subject, check the result against the quartile band, and treat the median as a reference for the market rather than a value for the property. A number that lands outside the middle half is not wrong by definition, but it carries a burden of explanation that a mid-band number does not.

From market read to offer price

A market read is the backdrop. The decision still comes down to one property and one number: what it is actually worth and what you should pay. Every Resideline report opens with this same market snapshot for the subject's exact ZIP code, then gives you the property's value, the sold comps behind it, and a market rent estimate. Pricing a specific deal? The free ARV calculator and rental property calculator run the numbers in about a minute.

And we show our work. Every estimate is frozen while the home is for sale and graded against the real closing price after it sells. See the live accuracy dashboard for the receipts, or read how the Area Market Snapshot works.

Run any Richmond address through Resideline and you will see the local market and the property's value together, in one report.

Cite this

Using these numbers? Please cite the source and the sample size:

Source: Resideline Market Watch
Market: Richmond, KY
Geography: incorporated municipality, Census place 2165226
Data updated: September 2026
Analysis period: last six months
Tracked closings: 246
Median sold price: $299,000
Median sold $/sqft: $164 (243 qualifying)
Property mix: 88% houses
https://resideline.com/blog/richmond-ky-housing-market

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<a href="https://resideline.com/blog/richmond-ky-housing-market">
  <img src="https://resideline.com/images/embed/richmond-ky.png" alt="Richmond, KY home sale price distribution, last six months" width="1000" style="max-width:100%;height:auto">
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<p>Source: <a href="https://resideline.com/blog/richmond-ky-housing-market">Resideline Market Watch</a></p>

The local market statistics in this report are calculated from closed sales tracked by Resideline. Transaction coverage may differ from complete county or municipal records.

Every local market figure on this page is computed from closed sales Resideline tracked in Richmond over the last six months, and is refreshed when the data is. The closings we track within the Richmond city limits are not limited to listing-service sales: they also include foreclosure deeds, estate and family transfers, and other off-market sales that portal medians exclude, which is why 11% of the 246 closings in this window never appeared on a listing service, and the median of MLS-listed sales alone was $300,000.