#25006801, Listing Office: Dexter Real Estate
Richmond Housing Market Report March 2025•Madison County, Kentucky
Housing Prices in Richmond, KY
How much do homes in Richmond, KY cost?
Housing Market Conditions
Is Richmond, KY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Richmond is a Neutral Market
Difference Since March 2024
At the same time last year, Richmond was a Seller's Market.
Richmond is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Richmond have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Richmond was $305,044 in March 2025, up 6.5% from last year, and the median price per square foot was $113.
Median Sold Price By Cities
City | Mar 2024 | Mar 2025 | Change YoY |
---|---|---|---|
Richmond | $286.3K | $305K | +6.5% |
Berea | $250K | $259.9K | +4.0% |
Waco-Bybee | $269.9K | $270K | 0.0% |
Median Sold Price By Bedrooms
Beds | Mar 2024 | Mar 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $165K | $169K | +2.4% |
22 Bedrooms | $155.5K | $199.9K | +28.6% |
33 Bedrooms | $265.2K | $284.9K | +7.4% |
44 Bedrooms | $350K | $355K | +1.4% |
55+ Bedrooms | $437K | $432.5K | -1.0% |
Summary: Richmond housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by +2.4%. The home price for 2 bedroom homes increased by +28.6%. The home price for 3 bedroom homes increased by +7.4%. The home price for 4 bedroom homes increased by +1.4%. The home price for 5 bedroom homes decreased by -1.0%.
How does Richmond, KY compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Richmond, KY
Housing supply in Richmond, KY
How many homes are available in Richmond, KY?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
278Last MonthMar 2025 | ||
2392 months agoFeb 2025 | +16.3 % Change MoMFeb – Mar |
Summary: The Richmond real estate market had 278 homes for sale in Mar 2025, a 16.3 % increase compared to Feb 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
41Last MonthMar 2025 | ||
382 months agoFeb 2025 | +7.9 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
Beds | Feb 2025 | Mar 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 0 | 0 | 0.0% |
22 Bedrooms | 9 | 9 | 0.0% |
33 Bedrooms | 138 | 157 | +13.8% |
44 Bedrooms | 64 | 81 | +26.6% |
55+ Bedrooms | 28 | 31 | +10.7% |
Summary: Richmond housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +13.8%. The inventory for 4 bedroom homes increased by +26.6%. The inventory for 5 bedroom homes increased by +10.7%.
Asking Price vs. Sold Price
How much do homes in Richmond, KY cost?
Over Asking Price7 Homes
At Asking Price8 Homes
Under Asking Price26 Homes
If you're buying a home in Richmond, you may be able to get a good deal. 63.4% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in Richmond in March 2025, up by 7.9% month-over-month. Of the 41 sold homes, 63% were sold under asking, 20% were sold at asking, and and 17% were sold over asking.
Days on Market for Richmond, KY
How long does it take to sell a home in Richmond, KY?
Breakdown of Home Sale Times
Under 30 Days15 Homes
30 – 90 Days15 Homes
Over 90 Days9 Homes
Many homes in Richmond are selling fast, if you're buying plan to act quickly.
Summary: During March 2025, 41 homes were sold in Richmond; 37% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
52 DaysThis YearMar 2025 | ||
45 Days1 year agoMar 2024 | +16.3 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in Richmond had an average listing age of 52 days in Mar 2025, up by 16.3% compared to the previous year.
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Newest Listings in Richmond, KY
What homes are available in Richmond, KY?
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MLS Disclaimers and Copyright
Based on information from Imagine MLS, and Metro Search MLS for the period 04/01/2023 - 04/01/2025

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/7/2025, 8:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/7/2025, 8:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.