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Lynchburg Market Report

$320,868

AVERAGE PRICE OF 468 HOMES

$177,133

AVERAGE PRICE OF 3 DISTRESSED HOMES

$1,590,667

AVERAGE PRICE OF 6 MULTI-MILLION DOLLAR HOMES

$347,318

AVERAGE PRICE OF 167 NEWLY BUILT HOMES

$543,868

AVERAGE PRICE OF 16 HOMES WITH A POOL

$423,849

AVERAGE PRICE OF 14 REDUCED PRICE HOMES

Average Home

Average Price $320,868
Avg Bedrooms 3.32 beds
Avg Bathrooms 2.71 baths

Average Price by Bedrooms

1 bedroom $109,922
2 bedrooms $241,158
3 bedrooms $421,809
4 bedrooms $414,907
5 bedrooms $667,376
Lynchburg Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 401 386 388 412 423
Average Price $325,289 $319,913 $315,612 $318,994 $321,013
Avg Price Change +1.68% +1.36% -1.07% -0.63% -4.00%
Median Price $287,302 $283,126 $281,394 $282,394 $285,097
Med Price Change +1.47% +0.62% -0.36% -0.96% -0.81%
Avg Bedrooms 3.29 beds 3.35 beds 3.32 beds 3.18 beds 3.21 beds
Avg Bathrooms 2.7 baths 2.54 baths 2.44 baths 2.3 baths 2.34 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Heritage High School 173 $256,421 53 days
Other - See Remarks 6 $332,708 35 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 468 $320,868 64 days
Distressed Homes 3 $177,133 23 days
Multi-Million Dollar Homes 6 $1,590,667 202 days
Newly Built Homes 167 $347,318 118 days
Homes with a Pool 16 $543,868 145 days
Reduced Price Homes 14 $423,849 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 April 13, 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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