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Lynchburg, VA 24502 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Lynchburg, VA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.09
ActiveActive listings: 7777PendingPending sales: 77
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): $299k$299kSoldMedian sold price (last 6 months): $290k$290k
What homes actually sell for in Lynchburg, VA
Distribution of 355 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $240k to $345k
$160k to $196k: 32 sales$160k$196k to $232k: 33 sales$232k to $268k: 64 sales64sales$232k$268k to $304k: 63 sales$304k to $341k: 53 sales$304k$341k to $377k: 37 sales$377k to $413k: 22 sales$377k$413k to $449k: 16 salesMedian $290k

What the numbers say

As of October 26, 2026, Resideline is tracking 77 active listings and 7 pending sales in ZIP code 24502. That pending-to-active ratio of 0.09 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $299,000, while the median of the 355 closed sales Resideline tracked over the last six months was $290,000. 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 79 days.

Frequently asked questions

What is the median home price in 24502?

The median closed sale price in Lynchburg, VA 24502 was $290,000 over the last six months, based on 355 closed sales tracked by Resideline. The middle half of those sales ranged from $240,000 to $345,000.

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

Resideline is currently tracking 7 pending sales against 77 active listings in 24502, a pending-to-active ratio of 0.09. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 24502 is currently a typical-pace market.

Nearby ZIP code market data

Full Lynchburg, VA housing market report →

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