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Richmond, KY 40475 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Richmond, KY inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.11
ActiveActive listings: 140140PendingPending sales: 1616
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): $360k$360kSoldMedian sold price (last 6 months): $328k$328k
What homes actually sell for in Richmond, KY
Distribution of 541 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $270k to $434k
$150k to $216k: 53 sales$150k$216k to $283k: 76 sales$283k to $349k: 149 sales149sales$283k$349k to $415k: 86 sales$415k to $482k: 42 sales$415k$482k to $548k: 33 sales$548k to $614k: 35 sales$548k$614k to $680k: 13 salesMedian $328k

What the numbers say

As of October 26, 2026, Resideline is tracking 140 active listings and 16 pending sales in ZIP code 40475. That pending-to-active ratio of 0.11 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $359,900, while the median of the 541 closed sales Resideline tracked over the last six months was $327,500. 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 76 days.

Frequently asked questions

What is the median home price in 40475?

The median closed sale price in Richmond, KY 40475 was $327,500 over the last six months, based on 541 closed sales tracked by Resideline. The middle half of those sales ranged from $270,000 to $433,700.

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

Resideline is currently tracking 16 pending sales against 140 active listings in 40475, a pending-to-active ratio of 0.11. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 40475 is currently a typical-pace market.

Nearby ZIP code market data

Full Richmond, KY housing market report →

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