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Lynchburg Market Report

$243,813

AVERAGE PRICE OF 449 HOMES

$121,300

AVERAGE PRICE OF 3 DISTRESSED HOMES

$1,345,000

AVERAGE PRICE OF 2 MULTI-MILLION DOLLAR HOMES

$265,810

AVERAGE PRICE OF 70 NEWLY BUILT HOMES

$369,514

AVERAGE PRICE OF 21 HOMES WITH A POOL

$254,444

AVERAGE PRICE OF 22 REDUCED PRICE HOMES

Average Home

Average Price $243,813
Avg Bedrooms 3.29 beds
Avg Bathrooms 2.35 baths

Average Price by Bedrooms

2 bedrooms $155,421
3 bedrooms $240,935
4 bedrooms $281,561
5 bedrooms $419,824
Lynchburg Home Price Trends
  6/2020 5/2020 4/2020 3/2020 2/2020
Total Listings 471 464 451 429 399
Average Price $244,020 $234,843 $229,370 $220,028 $216,309
Avg Price Change +3.91% +2.39% +4.25% +1.72% -1.81%
Median Price $201,211 $196,659 $193,797 $189,171 $182,587
Med Price Change +2.31% +1.48% +2.45% +3.61% +1.24%
Avg Bedrooms 3.28 beds 3.22 beds 3.25 beds 4.59 beds 5.75 beds
Avg Bathrooms 2.29 baths 2.32 baths 2.34 baths 2.87 baths 3.15 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Brookville High School 55 $240,134 67 days
E. C. Glass High School 170 $256,176 76 days
Heritage High School 134 $198,367 74 days
Jefferson Forest High School 35 $375,008 65 days
Other - See Remarks 17 $274,114 84 days
Rustburg High School 38 $219,692 82 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 449 $243,813 79 days
Distressed Homes 3 $121,300 70 days
Multi-Million Dollar Homes 2 $1,345,000 270 days
Newly Built Homes 70 $265,810 94 days
Homes with a Pool 21 $369,514 67 days
Reduced Price Homes 22 $254,444 96 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 July 15, 2020. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2020 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.