Lynchburg, VA Home Values & Market Trends
Real estate market trends reflect that there have been 1,871 transactions over the past year in Lynchburg. The median value for residential home transactions that occurred over the previous year is $240,546.83. The number of current listings in Lynchburg is 133, and the percentage of properties for sale in the city is 133.00%. Lynchburg, VA currently has 15 properties in foreclosure, 1 bank owned properties, 14 properties headed for auction, and 133 properties for sale.
Lynchburg, VA Real Estate Market Overview
Housing Market Summary for Lynchburg, VA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $244.9K | $238K | -2.82% |
| Median Sold Price | $210.4K | $238K | 13.14% |
| Homes For Sale | 112 | 126 | 12.50% |
| Homes Sold | 832 | 971 | 16.71% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Lynchburg, VA
Browse Homes in Lynchburg, VA
Lynchburg home values range from $20,014 to $3,679,372. The median estimated value of a home in Lynchburg is $240,546.83. The median list price of a home is 249,900, and the total count of properties in the city is 31,766.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Lynchburg, VA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 5 zips within Lynchburg, VA; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lynchburg, VA ranges from the highest value of $289,000 in 24502 to the lowest value of $289,000 in 24502. Bank owned homes and properties account for 0.00% of properties in Lynchburg, VA. There are 5 zips within Lynchburg, VA; 24502 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions24501 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Lynchburg, VA. Auction homes and other auction properties account for 0.04% of all properties in Lynchburg, VA. There are 5 zips within Lynchburg, VA; of those zips, the median estimated home value for homes going to auction ranges from $197,195 in 24503 to the lowest value of $72,392 in 24503.
Compare Nearby Cities
More Real Estate Resources for Lynchburg, VA
Guide for Lynchburg, VA
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