Comprehensive market data and analysis• Updated Dec 2025
11.2 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 11 | 31 | 47 |
| 1-2 acres | 3 | 15 | 34 | 48 |
| 2-5 acres | - | 1 | 7 | 13 |
| 5-10 acres | 1 | 2 | 3 | 5 |
| 10-20 acres | 1 | 1 | 1 | 2 |
| 20-50 acres | - | - | 1 | 5 |
| 50-100 acres | - | - | 1 | 2 |
| 100+ acres | - | - | - | 1 |
| TOTAL | 6 | 30 | 78 | 123 |
Acreage buckets
The median price for land in Richmond, Kentucky is currently $71K per acre. For a typical parcel, the median sale price is $76K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $51K while premium lots reached $370K.
Richmond, Kentucky is currently a buyer's market with 11.2 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 1.9% year-over-year.
Richmond, Kentucky currently has 11.2 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
The median land price in Richmond, Kentucky stands at $76K. This translates to roughly $71K per acre for the typical parcel size. The average price is $155K, indicating some higher-priced properties pulling up the average.
Over the past 12 months, Richmond, Kentucky saw 123 properties sold, totaling $19.1M in sales volume. In just the last 3 months, 30 properties changed hands.
There are currently 112 active listings in Richmond, Kentucky. 71 new listings have hit the market in the last 90 days. The median asking price is $90K.
Land in Richmond, Kentucky averages $153K per acre. The median price per acre is $71K, which may be more representative of typical transactions. Most parcels sold are around 1.0 acres.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
