Is Richmond, KY 40475 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Richmond is a seller’s market. With about 3.2 months of supply and 13% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply3.2Under 4 months = seller’s market

Sold above original list12.7%Share of sales, last 3 months

Median sale-to-list97.9%Sold price ÷ list price

Median days on market53Listing to accepted offer

Median price per sq ft$178▲ +5.7% vs. last year

Run the numbers for 40475

Prefilled for 40475Can I win this house?Multiple-offer likelihood for a listing Prefilled for 40475Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Berea 40403Seller’s market $172 /sq ft Waco 40385Seller’s market $155 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology