Lynchburg, VA Home Values & Market Trends

Real estate market trends reflect that there have been 1,866 transactions over the past year in Lynchburg. The median value for residential home transactions that occurred over the previous year is $293,892. The number of current listings in Lynchburg is 1,527, and the percentage of properties for sale in the city is 1527.00%. Lynchburg, VA currently has 56 properties in foreclosure, 23 bank owned properties, 33 properties headed for auction, and 1,527 properties for sale.

Lynchburg, VA Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
24502

$ 299,000

$ 196/sqft

24504

$ 188,817

$ 138/sqft

24501

$ 229,597

$ 173/sqft

24515

$ --

$ --

24503

$ 404,780

$ 209/sqft

Housing Market Summary for Lynchburg, VA

Sep 2025September 2026Change
Median Listing Price$284.9K$319.9K12.27%
Median Sold Price$264K$243.1K-7.91%
Homes For Sale1,0821,49738.35%
Homes Sold796528-33.67%
Price
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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%.

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Browse Homes in Lynchburg, VA

Lynchburg home values range from $12,897 to $3,600,000. The median estimated value of a home in Lynchburg is $293,892. The median list price of a home is 319,900, and the total count of properties in the city is 2,227.

Foreclosure
There are 5 zips within Lynchburg, VA; within these zips, the median estimated home value for homes in foreclosure ranges from $423,515 in 24501 to the lowest value of $61,439 in 24501. Foreclosure homes account for 2.00% of properties in Lynchburg, VA with 24501 containing 19 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-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 Owned
    The median estimated home value of bank owned homes (REO properties) in Lynchburg, VA ranges from the highest value of $423,515 in 24503 to the lowest value of $66,494 in 24504. Bank owned homes and properties account for 1.03% of properties in Lynchburg, VA. There are 5 zips within Lynchburg, VA; 24502 containing 8 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    24501 has 14 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 1.48% 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 $330,837 in 24502 to the lowest value of $61,439 in 24502.
Homes for Sale
Homes and properties that are actively listed for sale account for 68.57% of residential properties in Lynchburg, VA with 24502 containing 590 homes for sale, the highest number of listed properties in a single zip. There are 5 zips within Lynchburg, VA; homes for sale in those zips, have a range of median values from $1,557,207 in 24502 to the lowest value of $12,897 in 24504.
    Sold Homes
    The median value for recently sold homes ranges from $705,617 in 24502 to the lowest price of $21,410 in 24502. There are 5 zips within Lynchburg, VA. 24502 has 244 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 26.40% of properties in Lynchburg, VA.

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      Guide for Lynchburg, VA

      gavel for real estate auction
      Home Buying Guides & Tips
      Virginia Foreclosure Laws
      Home Buying Guides & Tips
      How To Buy a Piece of Land in Foreclosure
      Home Buying Guides & Tips
      Foreclosure: Cómo Comprar Una Casa En Ejecución Hipotecaria
      Home Buying Guides & Tips
      How to Buy A Foreclosed Home in Chicago
      See More Articles
      gavel for real estate auction
      Virginia Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2015

      Virginia Foreclosure Laws

      How To Buy a Piece of Land in Foreclosure
      Home Buying Guides & Tips|posted 3 September 2024

      Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]

      Foreclosure: Cómo Comprar Una Casa En Ejecución Hipotecaria
      Home Buying Guides & Tips|posted 26 August 2024

      Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.

      How to Buy A Foreclosed Home in Chicago
      Home Buying Guides & Tips|posted 10 June 2024

      Learn how to buy a foreclosed home in Chicago, Illinois.