Market Intelligence Report — KY-080

Richmond-Berea, KY

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-KY-05
As of the latest 2026 data
Stabilizing

Median Listing

$330K
+0.0% YoY

Pending Ratio

0.57
-4.9% YoY

Active Inventory

364
+11.7% YoY

Median DOM

54 Days
+3.9% YoY

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The Richmond-Berea housing market is currently categorised as Stabilizing, as indicated by a pending ratio of 0.57. This suggests a relatively balanced absorption of available inventory, with a modest year-over-year increase in active listings.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Richmond-Berea market right now.

The median listing price exhibits minimal movement, with a 0.0% year-over-year change, despite a 0.1% month-over-month increase. Active listings have expanded by 11.7% over the past year, while new listings also increased by 10.0% year-over-year. The pending ratio has experienced a year-over-year decline of 4.9%, reaching 0.57, indicating a slight moderation in demand relative to supply compared to the prior year. Median days on market saw a 3.9% increase year-over-year, to 54 days.

Historical Analysis

Market Trends

Median Price

$330K+0.1% MoM

Active Inventory

364+11.7% YoY

Days on Market

54+3.9% YoY

Sold Score™

50-4.9% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

50
Jun 23May 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Jun 23May 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Jun 23Jan 24Aug 24Mar 25Oct 25May 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.57, the market suggests a more balanced environment for transaction negotiations. While inventory has increased, it is being absorbed at a rate that allows for typical market durations. Price discipline remains important as the market navigates increased supply and a moderating demand pace.

Luxury Segment

The average listing price has increased by 4.0% year-over-year, reaching $396,394, while the median listing price remains unchanged over the same period. This divergence, coupled with a 0.5% year-over-year increase in median $/sqft, may indicate some upward pressure at higher price points, although no distinct luxury-segment signal is strongly evident in this dataset.

Supply Dynamics

364 active listings represent the current floor, with new supply arriving at roughly 176 per month.

Pricing Pressure
22.5%

of active listings carry a price reduction, +3.5% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +0.5% year-over-year.

Absorption
0.57

Pending-to-active ratio — Stabilizing.

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Metro Demographics

Metro Area
Richmond-Berea, KY
CBSA Code
40080
State
KY
Analysis FAQ
  • What is the current market condition in Richmond-Berea?+

    As of the latest 2026 data, the Richmond-Berea metro is classified as Stabilizing. Pending ratio is 0.57 with median days on market at 54.

  • Are home prices dropping in Richmond-Berea?+

    Median listing price is $330K, +0.0% year over year. 22.5% of active listings carry a price reduction.

  • How fast are homes selling in Richmond-Berea?+

    The typical listing sits 54 days on market, a +3.9% change YoY. New listings are arriving at 176 per month.

  • What's happening in the Richmond-Berea luxury market?+

    The average listing price has increased by 4.0% year-over-year, reaching $396,394, while the median listing price remains unchanged over the same period. This divergence, coupled with a 0.5% year-over-year increase in median $/sqft, may indicate some upward pressure at higher price points, although no distinct luxury-segment signal is strongly evident in this dataset.

  • Where can I find a trusted Richmond-Berea real estate expert?+

    Primpted maintains a vetted registry of Richmond-Berea agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 40080 · 36mo history