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Lynchburg Market Report

$220,270

AVERAGE PRICE OF 421 HOMES

$86,990

AVERAGE PRICE OF 11 DISTRESSED HOMES

$1,382,500

AVERAGE PRICE OF 2 MULTI-MILLION DOLLAR HOMES

$325,171

AVERAGE PRICE OF 45 NEWLY BUILT HOMES

$296,454

AVERAGE PRICE OF 11 HOMES WITH A POOL

$171,109

AVERAGE PRICE OF 11 REDUCED PRICE HOMES

Average Home

Average Price $220,270
Avg Bedrooms 9.66 beds
Avg Bathrooms 4.42 baths

Average Price by Bedrooms

1 bedroom $154,780
2 bedrooms $113,213
3 bedrooms $215,070
4 bedrooms $286,632
5 bedrooms $517,881
Lynchburg Home Price Trends
  11/2019 10/2019 9/2019 8/2019 7/2019
Total Listings 443 464 476 464 450
Average Price $217,093 $218,443 $223,819 $217,159 $221,674
Avg Price Change -0.62% -2.46% +3.07% -2.08% -1.25%
Median Price $183,724 $182,205 $188,374 $181,083 $185,733
Med Price Change +0.83% -3.39% +4.03% -2.57% +0.34%
Avg Bedrooms 5.35 beds 3.24 beds 3.22 beds 3.07 beds 3.09 beds
Avg Bathrooms 3.02 baths 2.29 baths 2.32 baths 2.28 baths 2.23 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Brookville High School 46 $254,173 72 days
E. C. Glass High School 168 $226,081 96 days
Heritage High School 146 $153,074 82 days
Jefferson Forest 1 $899,900 50 days
Jefferson Forest High School 32 $429,071 85 days
Other - See Remarks 16 $228,934 80 days
Rustburg High School 12 $201,507 60 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 421 $220,270 82 days
Distressed Homes 11 $86,990 91 days
Multi-Million Dollar Homes 2 $1,382,500 119 days
Newly Built Homes 45 $325,171 93 days
Homes with a Pool 11 $296,454 76 days
Reduced Price Homes 11 $171,109 72 days
United Home Group
2840 Electric Road Suite 104
Roanoke, VA 24018
434-660-6020

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 December 7, 2019. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2019 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.