Is Lynchburg, VA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Lynchburg is a seller's market


Difference Since May 2022

Since last year, Lynchburg has remained a Seller's Market.

Key Takeaway

Lynchburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lynchburg, VA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Lynchburg have sold for 14.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $123.2K$131.4K
2 $139.9K$149.9K
3 $207.6K$233.9K
4 $249.9K$281.4K
5+ $339.9K$419.9K

Median Sold Price Compared To Nearby Cities

Madison Heights

How many homes are available in Lynchburg, VA?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 34
2 2756
3 92181
4 6090
5+ 2635

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

33 Homes Were Sold
At Asking

57 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lynchburg, you could pay more than the asking price. 44.5% of homes here sold above asking price last month.

How long does it take to sell a home in Lynchburg, VA?

How long does it take to sell a home in Lynchburg, VA?

Average Sale Time

May 2022May 2023%
7 Days13 Days+80.5%

Breakdown of Home Sale Times

111 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lynchburg are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

What housing markets are near Lynchburg, VA?

About Lynchburg, VA

Lynchburg, VA has 366 homes for sale to choose from. In May 2023 in Lynchburg, VA there were 76% more homes for sale than in April 2023. The median list price of listings available in May 2023 was $235,619, while the average time on the real estate market was 13 days. Real estate listing prices changed between April 2023 and May 2023: 1 bedroom properties prices increased by 6.6%, 2 bedrooms properties prices increased by 7.1%, the cost of 3 bedrooms properties went up by 12.7%, 4 bedrooms properties became 12.6% more expensive, prices of 5 bedrooms properties increased by 23.5%. This housing market inventory have changed: 1 bedroom homes inventory increased by 33.3%, the quantity of 2 bedrooms homes went up by 107.4%, the quantity of 3 bedrooms homes went up by 96.7%, 4 bedrooms homes became 50% more available, 5 bedrooms homes became 34.6% more available. In May 2023 more than 57 listings in Lynchburg, VA were sold above the asking price. During the same period more than 33 listings were sold at asking price, while more than 38 were sold below.