LYNCHBURG AREA HOUSING MARKET DATA

There was an increase in total units sold in June, with 338 sold this month in Lynchburg Area Real Estate versus 309 last month, an increase of 9%. This month's total units sold was higher than at this time last year, an increase of 9% versus June 2024.

Versus last year, the total number of homes available this month is higher by 38 units or 5%. The total number of active inventory this June was 754 compared to 716 in June 2024. This month's total of 754 is lower than the previous month's total supply of available inventory of 763, a decrease of 1%.

Last June, the median sale price for Lynchburg Area Homes was $295,000. This June, the median sale price was $314,500, an increase of 7% or $19,500 compared to last year. The current median sold price is 5% 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 2.2 months of supply available in Lynchburg Area. The amount of supply is similar compared to 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 447 homes newly listed for sale in Lynchburg Area compared to 408 in June 2024, an increase of 10%. There were 321 current contracts pending sale this June compared to 286 a year ago. The number of current contracts is 12% higher than last June.

In June, the average sale price in Lynchburg Area was 98.9% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 33, which is similar compared to a year ago.





FOCUS ON: LYNCHBURG AREA HOUSING MARKET			JUNE 2025

Units Sold 338	Active Inventory 754	Median Sale Price $314,500	Days On Market 33

Up 9% Vs. Year Ago	Up 5% Vs. Year Ago	Up 7% Vs. Year Ago	No Change Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 338 sold this month in Lynchburg Area Real Estate versus 309 last month, an increase of 9%. This month's total units sold was higher than at this time last year, an increase of 9% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 38 units or 5%. The total number of active inventory this June was 754 compared to 716 in June 2024. This month's total of 754 is lower than the previous month's total supply of available inventory of 763, a decrease of 1%.
		Median Sale Price Last June, the median sale price for Lynchburg Area Homes was $295,000. This June, the median sale price was $314,500, an increase of 7% or $19,500 compared to last year. The current median sold price is 5% 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 447	Current Contracts 321	Sold Vs. List Price 98.9%	Months of Supply 2.2

Up 10% Vs. Year Ago	Up 12% Vs. Year Ago	No Change Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In June, there was 2.2 months of supply available in Lynchburg Area. The amount of supply is similar compared to 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 447 homes newly listed for sale in Lynchburg Area compared to 408 in June 2024, an increase of 10%. There were 321 current contracts pending sale this June compared to 286 a year ago. The number of current contracts is 12% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Lynchburg Area was 98.9% 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 33, which is similar compared to a year ago.


	*Defined as the counties of Amherst, Appomattox, Bedford County, Campbell, and the cities of Bedford and Lynchburg in VA
	*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.