If you need assistance, please call 434-439-4211

Lynchburg Market Report

$343,559

AVERAGE PRICE OF 544 HOMES

$1,485,111

AVERAGE PRICE OF 9 MULTI-MILLION DOLLAR HOMES

$531,005

AVERAGE PRICE OF 32 HOMES WITH A POOL

$181,950

AVERAGE PRICE OF 2 DISTRESSED HOMES

$363,677

AVERAGE PRICE OF 161 NEWLY BUILT HOMES

$332,824

AVERAGE PRICE OF 25 REDUCED PRICE HOMES

Average Home

Average Price $343,559
Avg Bedrooms 4.3 beds
Avg Bathrooms 3 baths

Average Price by Bedrooms

1 bedroom $173,520
2 bedrooms $208,469
3 bedrooms $271,834
4 bedrooms $607,195
5 bedrooms $610,045
Lynchburg Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 501 468 408 392 396
Average Price $337,813 $329,535 $334,933 $330,170 $326,648
Avg Price Change +2.51% -1.64% +1.44% +1.08% -0.26%
Median Price $296,766 $291,918 $290,470 $288,698 $285,664
Med Price Change +1.66% +0.50% +0.61% +1.06% +0.06%
Avg Bedrooms 3.66 beds 3.43 beds 3.4 beds 3.52 beds 3.48 beds
Avg Bathrooms 2.75 baths 2.85 baths 2.88 baths 2.91 baths 2.76 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
E. C. Glass 3 $621,633 25 days
Heritage High School 197 $279,298 56 days
Other - See Remarks 11 $354,031 37 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 544 $343,559 91 days
Multi-Million Dollar Homes 9 $1,485,111 377 days
Homes with a Pool 32 $531,005 347 days
Distressed Homes 2 $181,950 50 days
Newly Built Homes 161 $363,677 128 days
Reduced Price Homes 25 $332,824 50 days
LYNCHBURG'S FINEST REAL ESTATE
113 Goldenrod Place
Lynchburg, VA 24551
434-439-4211
Michael Rocco
VP, Branch Manager
NMLS ID 1281719
FCM NMLS ID 629700
101 Duncraig Dr Unit 106
Lynchburg, VA 24502
Mobile: 934-944-0430
Mike.Rocco@fcmhomeloans.com
firstcommunitymortgage.com

Featured real estate company is not a mortgage lender and so you should contact Atlantic Bay Mortgage Group, L.L.C. directly to learn about its products and your eligibility for such products. The featured lender has an affiliated business relationship with the featured real estate agent. You are under no obligation to use the featured lender for financing. All loans subject to income verification, credit approval and property appraisal. Not a commitment to lend. Atlantic Bay Mortgage Group, L.L.C. NMLS #72043 (nmlsconsumeraccess.org) is an Equal Opportunity Lender. Located at 600 Lynnhaven Parkway Suite 203 Virginia Beach, VA 23452.
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Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
Last updated; multiple times June 21, 2024. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2024 MLS and FBS. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited. The information on this sheet has been made available by the MLS and may not be the listing of the provider.
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