Lynchburg, VA 24501 Real Estate & Property Data

Lynchburg, VA 24501 Real Estate Market Trends
Last Updated: April 28, 2024

A total of 551 residential properties have been sold over the past 12 months in 24501. With a median sales price of $185,000 in 24501 and a total of 2 foreclosures in Lynchburg, VA 24501. Discover market trends and get the granular level real estate data for Lynchburg, VA 24501 to keep your pulse on the housing market. Curate compelling home reports for Lynchburg, VA 24501 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Lynchburg, VA 24501 Real Estate Market Trends
Total Residential Properties 8,069
Total Commercial Properties 1,278
Avg. Home Age (Single Family Home) 63 Years
Avg. Square Feet (Single Family Home) 1,363
Total 2024 Residential Sales (year-to-date) 62
% of Homes Seriously Underwater (Q2 2024) 2.73%
Total 2023 Residential Sales 522
% of Equity Rich Homes (Q2 2024) 24.98%
Effective 2023 Property Tax 0.52%
Total Foreclosure Filings (year-to-date) 2
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Lynchburg, VA 24501 Real Estate Overview

There were 551 residential properties sold in the past year in Lynchburg, VA 24501. The median home value in Lynchburg, VA 24501 is $163,416. There are a total of 8,069 residential properties in the 24501.

Median Sales Price i
$185,000
(Feb 2024)
+21%
year-over-year
y-o-y
  • February '24 Feb '24 $185,000
  • January '24 Jan '24 $181,500
  • December '23 Dec '23 $182,000
  • November '23 Nov '23 $207,356
  • October '23 Oct '23 $199,000
  • September '23 Sep '23 $202,200
  • August '23 Aug '23 $191,500
  • July '23 Jul '23 $275,880
  • June '23 Jun '23 $190,000
  • May '23 May '23 $205,000
  • April '23 Apr '23 $193,900
  • March '23 Mar '23 $192,500
Median Down Payment i
$31,600
(Feb 2024)
+6.1%
year-over-year
y-o-y
  • February '24 Feb '24 $31,600
  • January '24 Jan '24 $13,045
  • December '23 Dec '23 $24,525
  • November '23 Nov '23 $8,654
  • October '23 Oct '23 $7,411
  • September '23 Sep '23 $29,500
  • August '23 Aug '23 $20,500
  • July '23 Jul '23 $19,500
  • June '23 Jun '23 $7,650
  • May '23 May '23 $14,546
  • April '23 Apr '23 $13,750
  • March '23 Mar '23 $23,750
Number of Homes Sold i
37
(Feb 2024)
+19.4%
year-over-year
y-o-y
  • February '24 Feb '24 37
  • January '24 Jan '24 25
  • December '23 Dec '23 36
  • November '23 Nov '23 26
  • October '23 Oct '23 41
  • September '23 Sep '23 34
  • August '23 Aug '23 48
  • July '23 Jul '23 36
  • June '23 Jun '23 56
  • May '23 May '23 67
  • April '23 Apr '23 47
  • March '23 Mar '23 67
Number of Purchase Loans i
26
(Feb 2024)
-10.3%
year-over-year
y-o-y
  • February '24 Feb '24 26
  • January '24 Jan '24 11
  • December '23 Dec '23 27
  • November '23 Nov '23 18
  • October '23 Oct '23 30
  • September '23 Sep '23 23
  • August '23 Aug '23 31
  • July '23 Jul '23 26
  • June '23 Jun '23 39
  • May '23 May '23 47
  • April '23 Apr '23 34
  • March '23 Mar '23 40
Number of REFI Loans i
15
(Feb 2024)
+400%
year-over-year
y-o-y
  • February '24 Feb '24 15
  • January '24 Jan '24 4
  • December '23 Dec '23 10
  • November '23 Nov '23 15
  • October '23 Oct '23 11
  • September '23 Sep '23 10
  • August '23 Aug '23 13
  • July '23 Jul '23 8
  • June '23 Jun '23 7
  • May '23 May '23 6
  • April '23 Apr '23 10
  • March '23 Mar '23 9
Number of HELOC Loans i
10
(Feb 2024)
-44.4%
year-over-year
y-o-y
  • February '24 Feb '24 10
  • January '24 Jan '24 5
  • December '23 Dec '23 8
  • November '23 Nov '23 4
  • October '23 Oct '23 10
  • September '23 Sep '23 11
  • August '23 Aug '23 17
  • July '23 Jul '23 25
  • June '23 Jun '23 34
  • May '23 May '23 25
  • April '23 Apr '23 10
  • March '23 Mar '23 7

Lynchburg, VA 24501 Foreclosure Activity

There were a total of 2 Lynchburg, VA 24501 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i
2
(Feb 2024)
+100%
year-over-year
y-o-y
  • February '24 Feb '24 2
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 8
  • October '23 Oct '23 2
  • September '23 Sep '23 3
  • August '23 Aug '23 1
  • July '23 Jul '23 2
  • June '23 Jun '23 1
  • May '23 May '23 2
  • April '23 Apr '23 1
  • March '23 Mar '23 3
Foreclosure Starts i
2
(Feb 2024)
+100%
year-over-year
y-o-y
  • February '24 Feb '24 2
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 8
  • October '23 Oct '23 2
  • September '23 Sep '23 3
  • August '23 Aug '23 1
  • July '23 Jul '23 2
  • June '23 Jun '23 1
  • May '23 May '23 2
  • April '23 Apr '23 1
  • March '23 Mar '23 3
Completed Foreclosures (REOs) i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 N/A
  • December '23 Dec '23 1
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 N/A
  • June '23 Jun '23 1
  • May '23 May '23 N/A
  • April '23 Apr '23 N/A
  • March '23 Mar '23 N/A
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