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Richmond, KY 40475 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Richmond, KY inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.13
ActiveActive listings: 108108PendingPending sales: 1414
Richmond, KY: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $320k$320kSoldMedian sold price (last 6 months): $332k$332k
What homes actually sell for in Richmond, KY
Distribution of 549 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $270k to $440k
$149k to $215k: 53 sales$149k$215k to $280k: 71 sales$280k to $346k: 151 sales151sales$280k$346k to $412k: 84 sales$412k to $478k: 56 sales$412k$478k to $543k: 32 sales$543k to $609k: 31 sales$543k$609k to $675k: 16 salesMedian $332k

What the numbers say

As of September 14, 2026, Resideline is tracking 108 active listings and 14 pending sales in ZIP code 40475. That pending-to-active ratio of 0.13 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $319,900, while the median of the 549 closed sales Resideline tracked over the last six months was $332,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 40475 for 56 days.

Frequently asked questions

What is the median home price in 40475?

The median closed sale price in Richmond, KY 40475 was $332,000 over the last six months, based on 549 closed sales tracked by Resideline. The middle half of those sales ranged from $270,000 to $440,000.

Is 40475 a buyer's or seller's market?

Resideline is currently tracking 14 pending sales against 108 active listings in 40475, a pending-to-active ratio of 0.13. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 40475 currently looks like a balanced market.

Nearby ZIP code market data

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