Market Intelligence · VA / Lynchburg

Lynchburg, VA 24502 Housing Market

The typical home value in Lynchburg, VA 24502 is $275,970, up 0.5% over the past year. The median list price stands at $298,425, and homes spend a median of 45 days on market.

Updated September 2026Median value$276K

The median home value in Lynchburg, VA 24502 is $276K as of September 2026, up 0.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 24502 range

$254K to $298K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.5% over 12 months

Sep 2025$275K

Low $275KHigh $276K

Sep 2026$276K

The numbers

What is the 24502 housing market like?

As of September 2026

Typical home value

$276K

0.5%YoY

Median list price

$298K

2.2%MoM

Days on market

11.8%MoM

Homes for sale

145

1.4%MoM

Price cuts

21.8%

37.8%MoM

New listings

25.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

24502 housing market forecast 2027

+2.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 24502 to rise 2.2% by September 2027.

Over the 12 months through September 2026, typical home values in 24502 rose 0.5%, per the Zillow Home Value Index.

Will home prices drop in 24502?

Zillow's forecast does not call for a drop: it expects typical home values in 24502 to rise 2.2% by September 2027, after a 0.5% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 24502 home prices compare?

24502$275,970
Lynchburg$234,857
Virginia$328,255
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Lynchburg: 4 ZIPs; Virginia: 757 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, the Lynchburg, VA 24502 market shows 145 homes for sale, with 54 new listings added. The median list price is $298,425, which sits above the typical home value of $275,970. Homes are moving in a median of 45 days. About 21.8% of listings have taken a price cut, while values are up just 0.5% over the past year. For a seller, that points to a fairly flat market where realistic pricing matters.

Monthly payment

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Home price

Down payment20% · $55,194

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Common questions

What people ask us.

How much is a home in 24502 worth?

The typical home value in 24502 is $275,970, up 0.5% over the past year. Values have stayed mostly flat.

How long do homes take to sell in 24502?

Homes in 24502 spend a median of 45 days on market. As of September 2026 there were 145 homes for sale.

Are sellers cutting prices in 24502?

Yes. About 21.8% of listings in 24502 had a price cut as of September 2026, and the median list price is $298,425.

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Nearby ZIP markets.

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