GREATER LYNCHBURG HOUSING MARKET DATA

There was an increase in total units sold in June, with 162 sold this month in Greater Lynchburg Real Estate versus 152 last month, an increase of 7%. This month's total units sold was higher than at this time last year, an increase of 5% versus June 2024.

The total number of homes available this month is 300 units, which is similar compared to a year ago. This month's total of 300 is lower than the previous month's total supply of available inventory of 302, a decrease of 1%.

Last June, the median sale price for Greater Lynchburg Homes was $285,000. This June, the median sale price was $309,500, an increase of 9% or $24,500 compared to last year. The current median sold price is 6% higher than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In June, there was 1.9 months of supply available in Greater Lynchburg, compared to 2.0 in June 2024. That is a decrease of 5% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 203 homes newly listed for sale in Greater Lynchburg, which is similar to the amount in June 2024. There were 141 current contracts pending sale this June compared to 145 a year ago. The number of current contracts remained stable as compared to last June.

In June, the average sale price in Greater Lynchburg was 98.8% of the average list price, which is 1.1% lower than at this time last year.

This month, the average number of days on market was 27, higher than the average last year, which was 19, an increase of 42%.





FOCUS ON: GREATER LYNCHBURG HOUSING MARKET			JUNE 2025

Zip Code(s): 24502, 24501, 24503 and 24504
Units Sold 162	Active Inventory 300	Median Sale Price $309,500	Days On Market 27

Up 5% Vs. Year Ago	No Change Vs. Year Ago	Up 9% Vs. Year Ago	Up 42% Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 162 sold this month in Greater Lynchburg Real Estate versus 152 last month, an increase of 7%. This month's total units sold was higher than at this time last year, an increase of 5% versus June 2024.
Active Inventory The total number of homes available this month is 300 units, which is similar compared to a year ago. This month's total of 300 is lower than the previous month's total supply of available inventory of 302, a decrease of 1%.
		Median Sale Price Last June, the median sale price for Greater Lynchburg Homes was $285,000. This June, the median sale price was $309,500, an increase of 9% or $24,500 compared to last year. The current median sold price is 6% higher than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 203	Current Contracts 141	Sold Vs. List Price 98.8%	Months of Supply 1.9

No Change Vs. Year Ago	Down -3% Vs. Year Ago	Down -1.1% Vs. Year Ago	Down -5% Vs. Year Ago


		Months of Supply In June, there was 1.9 months of supply available in Greater Lynchburg, compared to 2.0 in June 2024. That is a decrease of 5% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 203 homes newly listed for sale in Greater Lynchburg, which is similar to the amount in June 2024. There were 141 current contracts pending sale this June compared to 145 a year ago. The number of current contracts remained stable as compared to last June.
		Sale Price to List Price Ratio In June, the average sale price in Greater Lynchburg was 98.8% of the average list price, which is 1.1% lower than at this time last year. Days on Market This month, the average number of days on market was 27, higher than the average last year, which was 19, an increase of 42%.


	Greater Lynchburg are defined as properties listed in zip code/s 24502, 24501, 24503 and 24504.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by LAR and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of LAR or Long & Foster Real Estate, Inc.