Lynchburg - VA housing market
The Lynchburg metro has a typical home value of $293,781, up 3.0% from a year ago. Homes are moving fast at 16 days on market, a strong seller's market. 25% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($293,781) is the Zillow Home Value Index for the Lynchburg - VA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 3.0% over the past year. In Lynchburg - VA, that means a home worth $285,224 last year is now worth roughly $293,781.
The median sale price , what homes actually close for , is $279,603. Homes are selling at 98.2% of list price, meaning buyers have room to negotiate.
Homes listed in Lynchburg - VA sit on the market for roughly 16 days before going pending. Shorter = seller's market; longer = buyer's market.
About 25.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 393 new listings hit the market each month in Lynchburg - VA. There are currently 1,111 homes for sale, up 5.0% from a year ago.
The typical monthly rent in Lynchburg - VA is $1,345, up 3.1% year over year. For investors, the price-to-rent ratio here is roughly 18x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in VA
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Washington - DC | $584,684 | -0.3% | 10.0d |
| Virginia Beach - VA | $376,711 | +2.6% | 23.0d |
| Richmond - VA | $399,562 | +2.4% | 7.0d |
| Roanoke - VA | $305,065 | +3.9% | 15.0d |