Frequently Asked Questions

Are house prices dropping in Richmond?

The house prices in Richmond are indeed dropping at the moment. There has been a decrease in price of $7,079.92. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

What is the housing market like in Richmond at this time?

The housing market and house prices in Richmond are going down. The average house price is $169,000.00 and the average price per square feet is $117.44 per square foot. At the moment, there are 2347 homes listed - 319 active, 87 pending, and 1941 sold in Richmond.

What is the most popular place to buy a house in Richmond?

The most popular place to buy a home in Richmond is 8912 - Wayne - Wayne. 8912 - Wayne - Wayne has the most properties listed and appears to have the highest demand.

What is the amount of property taxes you have to pay for a house in Richmond?

The average amount of property taxes you would have to pay for a home in Richmond is $1,732.69. Property taxes are tied to the value of the home - the more expensive the home, the higher the taxes.

How fast are houses listed in Richmond being sold?

Properties in Richmond stay on the market for an average of 83 days. A lower number of days indicates a seller's market, while a higher number indicates a buyer's market.

How often are houses listed for sale in Richmond?

The last home listed in Richmond was 2188 minutes ago.

Can you visit houses in Richmond?

Currently, there are 1 open houses available for viewing in Richmond.

What is the most expensive house in Richmond?

The cost of the most expensive home in Richmond is $1,495,000.00. Expensive homes often come with better amenities, larger spaces, and faster appreciation.

What is the cheapest house in Richmond?

The cost of the cheapest home in Richmond is $15,500.00. Buying a cheaper home can keep payments low and leave room for customization.

How old are the homes in Richmond?

The oldest home in Richmond was built in 1910, and the newest in 2026.

How big are the homes in Richmond?

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The average property size in Richmond is 1859.46 sq.ft., the largest being 6310 sq.ft., and the smallest being 0 sq.ft.

Utility Options:

0, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52

Building Utilities:

Cable Available, Electricity Available, Water Available

Directions:

From Main Street, Head Toward N 2nd St On W Main St (US 25 BR/US 421 BR). Go For 0.2 Mi. Turn Left Onto Lancaster Ave. Go For 1.0 Mi. Turn Right Onto Eastern Byp (KY 876 W) Toward I 75. Go For 3.4 Mi.

Tax and Financial Info

Quick View

Address:

122 Old Pond Way Richmond KY 40475

Status:

Active

On Site:

45 Days On Site

Price:

$38, 000

Lot Size:

1.05

County:

Madison

MLS #:

26011367

Property Type:

Unimproved Land

Community Information

Area:

008 Madison County

City:

Richmond

Subdivision:

Wil O Mac

Zip Code:

40475

Active

$38,000

Beds

Baths

Sq. Ft.

122 Old Pond Way, Richmond, KY, 40475

Est. Payments: $0/mo

Land

Built in

45 days on Site

1.05 Lot Size

Additional Details

Contact Agent

Tucker Customer Care

F.C. Tucker Company, Inc.

(317) 954-4768

Description

Discover the perfect canvas for your dream home on this spacious 1.05-acre lot in the desirable Will-O-Mac subdivision. This property has been thoughtfully surveyed and has successfully passed a perk test for a septic system, making it ready for your building plans. Situated less than 5 minutes from the Richmond Centre shopping outlets, y...

Source: LBAR as distributed by MLS GRID, MLS ID: 26011367

Listing provided courtesy of Gerald Salyer and Ross Cummins with Premier Property Consultants

Last Updated: 5/19/2026 | 6:15 PM

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Mortgage Insurance: 0/mo

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About the Neighborhood

Zip Code 40475, Kentucky, located in Madison County, offers a tranquil environment with mostly single detached homes complemented by small apartment buildings and duplexes. The neighborhood features a variety of unit sizes, from lofts to spacious four-bedroom residences. Parking is convenient throughout the area, making car travel easy and efficient. Residents can access several primary schools nearby, including both public and private options. Pharmacies within the community provide essential items and also offer some basic groceries for added convenience. The neighborhood’s quiet atmosphere provides a peaceful setting, with most locations unaffected by urban noise, enhancing the overall living experience.

Learn more about

Richmond Market Report

Avg. Days on Market

192

Avg. Price Per Sq. Ft.

118.59

Median List Price

$174,900

Homes Listed

348

Frequently Asked Questions

Richmond Ky Neighborhoods

Wayne County Richmond Ky Greenwood

Contact Agent

Tucker Customer Care

F.C. Tucker Company, Inc.

(317) 954-4768

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