Richmond, KY Real Estate Market
432 Homes for Sale in Madison County | $349,900 Median List Price | 73 Average Days on Market | $191 Average $ per Sq Ft — Market data from Flexmls MLS, updated October 2026. Refreshed monthly by Jason Smith, REALTOR®.
Richmond is the seat of Madison County and one of Central Kentucky's fastest-growing housing markets — close to Lexington, home to Eastern Kentucky University, and still priced well below the Lexington metro. I track this market every day. Here are the real numbers, updated monthly, plus a local's guide to Richmond's neighborhoods.
Neighborhoods & Subdivisions: Richmond neighborhoods include established communities like Grey Oaks, Gibson Bay, Andover Hills and Covington Woods; newer growth areas like Marcum Woods and Boones Trace; and acreage living just outside town in areas like Waco and Paint Lick. Schools include Madison Central High School, Model Laboratory School, and EKU right in town. Berea, 15 minutes south, adds its own market around Berea College and the Artisan Center.
What is my home worth? (/what-is-my-home-worth) • Browse Richmond homes • Call (859) 358-5563.