Lynchburg - VA housing market
The Lynchburg metro has a typical home value of $288,024, up 2.3% from a year ago. Homes sell in 20 days on average - a balanced market. 23% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($288,024) 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 2.3% over the past year. In Lynchburg - VA, that means a home worth $281,548 last year is now worth roughly $288,024.
The median sale price , what homes actually close for , is $284,542. Homes are selling at 97.9% of list price, meaning buyers have room to negotiate.
Homes listed in Lynchburg - VA sit on the market for roughly 20 days before going pending. Shorter = seller's market; longer = buyer's market.
About 22.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 323 new listings hit the market each month in Lynchburg - VA. There are currently 927 homes for sale, down 1.3% from a year ago.
The typical monthly rent in Lynchburg - VA is $1,324, up 2.0% 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 | $582,461 | -0.5% | 9.0d |
| Virginia Beach - VA | $371,148 | +2.3% | 25.0d |
| Richmond - VA | $393,943 | +2.1% | 7.0d |
| Roanoke - VA | $297,806 | +3.6% | 19.0d |