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Lynchburg, VA 24502 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Lynchburg, VA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.14
ActiveActive listings: 7272PendingPending sales: 1010
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): $300k$300kSoldMedian sold price (last 6 months): $288k$288k
What homes actually sell for in Lynchburg, VA
Distribution of 380 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $240k to $340k
$154k to $190k: 30 sales$154k$190k to $227k: 33 sales$227k to $263k: 67 sales67sales$227k$263k to $300k: 67 sales$300k to $336k: 61 sales$300k$336k to $373k: 46 sales$373k to $409k: 23 sales$373k$409k to $446k: 15 salesMedian $288k

What the numbers say

As of October 5, 2026, Resideline is tracking 72 active listings and 10 pending sales in ZIP code 24502. That pending-to-active ratio of 0.14 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $299,900, while the median of the 380 closed sales Resideline tracked over the last six months was $288,000. 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 68 days.

Frequently asked questions

What is the median home price in 24502?

The median closed sale price in Lynchburg, VA 24502 was $288,000 over the last six months, based on 380 closed sales tracked by Resideline. The middle half of those sales ranged from $240,000 to $340,000.

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

Resideline is currently tracking 10 pending sales against 72 active listings in 24502, a pending-to-active ratio of 0.14. 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

Full Lynchburg, VA housing market report →

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