Why Live in Richmond
Richmond, Kentucky, located about 30 miles south of Lexington, is the fourth-largest city in the Kentucky Bluegrass region, known for its horses, distilleries, and rich history. The city features a mix of modern farmhouses, ranch-style homes, and bilevels, particularly in subdivisions like Magnolia Pointe and Arbor Woods, while 19th-century homes are more common downtown. Richmond's rural outskirts are dotted with large estates on acre-plus lots, offering a quieter lifestyle with easy access to Lexington. The city experiences hot, humid summers and mild winters, making it ideal for outdoor activities. Popular things to do include hiking at Fort Boonesborough State Park and Camp Catalpa Park, fishing and kayaking at Lake Reba, and horseback riding at Stepping Stone Ranch. Downtown Richmond boasts charming Queen Anne buildings housing small businesses, government offices, and eateries, while the Eastern Bypass is lined with major retailers like Meijer and JCPenney. Millstone Park hosts the annual Millstone Festival, featuring food vendors, live music, and crafts. The city also offers attractions like Chennault Vineyard and Baldwin Farms, known for fresh produce and seasonal activities. Eastern Kentucky University, located in central Richmond, enrolls over 10,000 students and is renowned for its criminal justice and nursing programs. Commuting is facilitated by Interstate 75, with localized bus service provided by Richmond Transit. Richmond remains a community with many appealing features for potential homebuyers.
Home Trends in Richmond, KY
On average, homes in Richmond, KY sell after 32 days on the market compared to the national average of 70 days. The median sale price for homes in Richmond, KY over the last 12 months is $306,977, up 2% from the median home sale price over the previous 12 months.
Median Sale Price
$306,977
Median Single Family Sale Price
$320,000
Median Townhouse Sale Price
$210,000
Median 2 Bedroom Sale Price
$210,000
Median 1 Bedroom Sale Price
$145,000
Average Price Per Sq Ft
$181
Number of Homes for Sale
80
Last 12 months Home Sales
1,122
Median List Price
$325,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
2%