GREATER LYNCHBURG HOUSING MARKET DATA

There was a decrease in total units sold in August, with 119 sold this month in Greater Lynchburg Real Estate versus 158 last month, a decrease of 25%. This month's total units sold was lower than at this time last year, a decrease of 19% versus August 2024.

Versus last year, the total number of homes available this month is higher by 22 units or 8%. The total number of active inventory this August was 309 compared to 287 in August 2024. This month's total of 309 is lower than the previous month's total supply of available inventory of 314, a decrease of 2%.

Last August, the median sale price for Greater Lynchburg Homes was $297,000. This August, the median sale price was $299,990, an increase of 1% or $2,990 compared to last year. The current median sold price is 1% higher than in July.

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

In August, there was 2.6 months of supply available in Greater Lynchburg, compared to 2.0 in August 2024. That is an increase of 33% 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 188 homes newly listed for sale in Greater Lynchburg compared to 184 in August 2024, an increase of 2%. There were 124 current contracts pending sale this August compared to 134 a year ago. The number of current contracts is 7% lower than last August.

In August, the average sale price in Greater Lynchburg was 98.4% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 32, lower than the average last year, which was 39, a decrease of 18%.





FOCUS ON: GREATER LYNCHBURG HOUSING MARKET			AUGUST 2025

Zip Code(s): 24502, 24501, 24503 and 24504
Units Sold 119	Active Inventory 309	Median Sale Price $299,990	Days On Market 32

Down -19% Vs. Year Ago	Up 8% Vs. Year Ago	Up 1% Vs. Year Ago	Down -18% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 119 sold this month in Greater Lynchburg Real Estate versus 158 last month, a decrease of 25%. This month's total units sold was lower than at this time last year, a decrease of 19% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 22 units or 8%. The total number of active inventory this August was 309 compared to 287 in August 2024. This month's total of 309 is lower than the previous month's total supply of available inventory of 314, a decrease of 2%.
		Median Sale Price Last August, the median sale price for Greater Lynchburg Homes was $297,000. This August, the median sale price was $299,990, an increase of 1% or $2,990 compared to last year. The current median sold price is 1% higher than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 188	Current Contracts 124	Sold Vs. List Price 98.4%	Months of Supply 2.6

Up 2% Vs. Year Ago	Down -7% Vs. Year Ago	No Change Vs. Year Ago	Up 33% Vs. Year Ago


		Months of Supply In August, there was 2.6 months of supply available in Greater Lynchburg, compared to 2.0 in August 2024. That is an increase of 33% 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 188 homes newly listed for sale in Greater Lynchburg compared to 184 in August 2024, an increase of 2%. There were 124 current contracts pending sale this August compared to 134 a year ago. The number of current contracts is 7% lower than last August.
		Sale Price to List Price Ratio In August, the average sale price in Greater Lynchburg was 98.4% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 32, lower than the average last year, which was 39, a decrease of 18%.


	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.