Market Intelligence · VA / Lynchburg

Lynchburg, VA 24504 Housing Market

The typical home value in Lynchburg's 24504 ZIP is $181,033, down 1.3% over the past year. Sellers are listing at a median of $249,999, and homes are spending a median of 61 days on market. As of 2026-08-01, there were 48 homes for sale.

Updated August 2026Median value$182K

The median home value in Lynchburg, VA 24504 is $182K as of August 2026, down 0.9% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 24504 range

$167K to $196K

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

-0.9% over 12 months

Typical home value in 24504 over the last 12 months: $183K in Aug 2025 to $182K in Aug 2026 (-0.9%).

Aug 2025$183K

Aug 2026$182K

The numbers

What is the 24504 housing market like?

Typical home value

$182K

Down0.9%YoY

Median list price

$250K

Down2.4%MoM

Days on market

61

Up5.2%MoM

Homes for sale

48

Down7.7%MoM

Price cuts

24.4%

Up3.8%MoM

New listings

16

Up33.3%MoM

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

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The comparison

How do 24504 home prices compare?

  • 24504$181,589
  • Lynchburg$237,412
  • Virginia$330,987
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Lynchburg: 4 ZIPs; Virginia: 757 ZIPs; United States: 26,265 ZIPs).

Context

Inventory in 24504 stood at 48 homes for sale as of 2026-08-01, with 16 new listings entering the market. The median list price was $249,999, while the typical home value was $181,033 and had fallen 1.3% over the past year. Homes took a median of 61 days to sell, and 24.4% of listings had taken a price cut. Asking prices sit well above typical values, and a meaningful share of sellers are already reducing. A seller should price close to what the local data supports rather than testing the high end.

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