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Lynchburg, VA 24502 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Lynchburg, VA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.12
ActiveActive listings: 7575PendingPending sales: 99
Lynchburg, VA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $286k$286kSoldMedian sold price (last 6 months): $290k$290k
What homes actually sell for in Lynchburg, VA
Distribution of 371 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $240k to $342k
$148k to $186k: 31 sales$148k$186k to $223k: 33 sales$223k to $261k: 65 sales$223k$261k to $298k: 50 sales$298k to $336k: 74 sales74sales$298k$336k to $374k: 41 sales$374k to $411k: 26 sales$374k$411k to $449k: 14 salesMedian $290k

What the numbers say

As of September 14, 2026, Resideline is tracking 75 active listings and 9 pending sales in ZIP code 24502. That pending-to-active ratio of 0.12 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $286,000, while the median of the 371 closed sales Resideline tracked over the last six months was $289,900. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 24502 for 60 days.

Frequently asked questions

What is the median home price in 24502?

The median closed sale price in Lynchburg, VA 24502 was $289,900 over the last six months, based on 371 closed sales tracked by Resideline. The middle half of those sales ranged from $239,900 to $342,500.

Is 24502 a buyer's or seller's market?

Resideline is currently tracking 9 pending sales against 75 active listings in 24502, a pending-to-active ratio of 0.12. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 24502 currently looks like a balanced market.

Nearby ZIP code market data

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