Is Lynchburg, VA 24502 a buyer’s or seller’s market?
Lynchburg is a seller’s market. With about 2.5 months of supply and 28% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply2.5Under 4 months = seller’s market
Sold above original list27.5%Share of sales, last 3 months
Median sale-to-list99.5%Sold price ÷ list price
Median days on market15Listing to accepted offer
Median price per sq ft$168▼ −0.6% vs. last year
Run the numbers for 24502
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology