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Richmond, KY 40475 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Richmond, KY inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.16
ActiveActive listings: 122122PendingPending sales: 1919
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): $350k$350kSoldMedian sold price (last 6 months): $328k$328k
What homes actually sell for in Richmond, KY
Distribution of 555 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $270k to $440k
$138k to $204k: 47 sales$138k$204k to $271k: 66 sales$271k to $338k: 156 sales156sales$271k$338k to $404k: 94 sales$404k to $470k: 50 sales$404k$470k to $537k: 36 sales$537k to $604k: 38 sales$537k$604k to $670k: 13 salesMedian $328k

What the numbers say

As of October 5, 2026, Resideline is tracking 122 active listings and 19 pending sales in ZIP code 40475. That pending-to-active ratio of 0.16 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $349,900, while the median of the 555 closed sales Resideline tracked over the last six months was $328,000. 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 67 days.

Frequently asked questions

What is the median home price in 40475?

The median closed sale price in Richmond, KY 40475 was $328,000 over the last six months, based on 555 closed sales tracked by Resideline. The middle half of those sales ranged from $270,000 to $439,900.

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

Resideline is currently tracking 19 pending sales against 122 active listings in 40475, a pending-to-active ratio of 0.16. 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

Full Richmond, KY housing market report →

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