Lynchburg Market Report
$323,345
AVERAGE PRICE OF 456 HOMES$65,000
AVERAGE PRICE OF 1 DISTRESSED HOMES$1,659,083
AVERAGE PRICE OF 6 MULTI-MILLION DOLLAR HOMES$365,195
AVERAGE PRICE OF 142 NEWLY BUILT HOMES$541,722
AVERAGE PRICE OF 18 HOMES WITH A POOL$353,018
AVERAGE PRICE OF 11 REDUCED PRICE HOMESAverage Home
| Average Price | $323,345 |
| Avg Bedrooms | 3.34 beds |
| Avg Bathrooms | 2.57 baths |
Average Price by Bedrooms
| 1 bedroom | $128,675 |
| 2 bedrooms | $188,843 |
| 3 bedrooms | $281,714 |
| 4 bedrooms | $381,817 |
| 5 bedrooms | $543,436 |
Lynchburg Home Price Trends
| 9/2024 | 8/2024 | 7/2024 | 6/2024 | 5/2024 | |
|---|---|---|---|---|---|
| Total Listings | 474 | 475 | 490 | 516 | 481 |
| Average Price | $325,235 | $328,534 | $333,287 | $333,738 | $330,962 |
| Avg Price Change | -1.01% | -1.45% | -0.14% | +0.84% | +3.20% |
| Median Price | $292,222 | $291,201 | $291,389 | $293,331 | $292,898 |
| Med Price Change | +0.35% | -0.06% | -0.67% | +0.15% | +2.08% |
| Avg Bedrooms | 3.36 beds | 3.35 beds | 3.35 beds | 3.31 beds | 3.33 beds |
| Avg Bathrooms | 2.58 baths | 2.61 baths | 2.63 baths | 2.64 baths | 2.61 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Heritage High School | 178 | $278,525 | 77 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 456 | $323,345 | 96 days |
| Distressed Homes | 1 | $65,000 | 188 days |
| Multi-Million Dollar Homes | 6 | $1,659,083 | 258 days |
| Newly Built Homes | 142 | $365,195 | 132 days |
| Homes with a Pool | 18 | $541,722 | 98 days |
| Reduced Price Homes | 11 | $353,018 | 93 days |
