2 days on Rocket
$3,324 Closing Credit¹
#358985, Drake R Rufus, Listing Office: eXp Realty LLC-Fredericksburg
24501 Housing Market Report April 2025•Lynchburg County, Virginia
Housing Prices in 24501, VA
How much do homes in 24501, VA cost?
Housing Market Conditions
Is 24501, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
24501 is a Seller's Market
Difference Since April 2024
Since last year, 24501 has remained a Seller's Market.
Insight
24501 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$219,950$153/SqFt
+$15,739
+7.7%
Based on all homes sold in the last 12 months
Insight
Homes in 24501 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 24501 was $219,950 in April 2025, up 7.7% from last year, and the median price per square foot was $153.
Median Sold Price By Bedrooms
| Beds | Apr 2024 | Apr 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $107.7K | $91K | -15.5% |
| 22 Bedrooms | $161.4K | $150K | -7.1% |
| 33 Bedrooms | $199.9K | $225K | +12.5% |
| 44 Bedrooms | $298K | $308K | +3.4% |
| 55+ Bedrooms | $329.9K | $285.7K | -13.4% |
Summary: 24501 housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -15.5%. The home price for 2 bedroom homes decreased by -7.1%. The home price for 3 bedroom homes increased by +12.5%. The home price for 4 bedroom homes increased by +3.4%. The home price for 5 bedroom homes decreased by -13.4%.
How does 24501, VA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
24501, VA
Housing supply in 24501, VA
How many homes are available in 24501, VA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 136Last MonthApr 2025 | ||
| 1332 months agoMar 2025 | +2.3 % Change MoMMar – Apr |
Summary: The 24501 real estate market had 136 homes for sale in Apr 2025, a 2.3 % increase compared to Mar 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 26Last MonthApr 2025 | ||
| 272 months agoMar 2025 | -3.7 % Change MoMMar – Apr |
Homes For Sale By Bedroom Count
| Beds | Mar 2025 | Apr 2025 | Change MoM |
|---|---|---|---|
| 44 Bedrooms | 17 | 20 | +17.6% |
| 11 Bedroom | 3 | 3 | 0.0% |
| 22 Bedrooms | 45 | 46 | +2.2% |
| 33 Bedrooms | 63 | 65 | +3.2% |
| 55+ Bedrooms | 5 | 2 | -60.0% |
Summary: 24501 housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 4 bedroom homes increased by +17.6%. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +2.2%. The inventory for 3 bedroom homes increased by +3.2%. The inventory for 5 bedroom homes decreased by -60.0%.
Asking Price vs. Sold Price
How much do homes in 24501, VA cost?
Over Asking Price4 Homes
At Asking Price5 Homes
Under Asking Price17 Homes
Insight
If you're buying a home in 24501, you may be able to get a good deal. 65.4% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 24501 in April 2025, down by 3.7% month-over-month. Of the 26 sold homes, 65% were sold under asking, 19% were sold at asking, and and 15% were sold over asking.
Days on Market for 24501, VA
How long does it take to sell a home in 24501, VA?
Breakdown of Home Sale Times
Under 30 Days11 Homes
30 – 90 Days7 Homes
Over 90 Days8 Homes
Insight
Many homes in 24501 are selling fast, if you're buying plan to act quickly.
Summary: During April 2025, 26 homes were sold in 24501; 42% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 57 DaysThis YearApr 2025 | ||
| 14 Days1 year agoApr 2024 | +293.7 % Change YoYApr 2024 – Apr 2025 |
Summary: Homes in 24501 had an average listing age of 57 days in Apr 2025, up by 293.7% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in 24501, VA
What homes are available in 24501, VA?
2 days on Rocket
$1,958 Closing Credit¹
#359001, Adam Hopkins, Listing Office: The Hopkins Real Estate Group LLC
2 days on Rocket
$3,264 Closing Credit¹
#359013, Stacy Powell, Listing Office: Keller Williams
3 days on Rocket
$1,710 Closing Credit¹
#358990, Amber Magalis, Listing Office: Keller Williams
3 days on Rocket
$594 Closing Credit¹
#358979, Michael B LeVan, Listing Office: Berkshire Hathaway HomeServices Dawson Ford Garbee & Co., REALTORS®
3 days on Rocket
$3,086 Closing Credit¹
#358981, Mike Misjuns, Listing Office: Century 21 ALL-SERVICE
3 days on Rocket
$3,563 Closing Credit¹
#358718, Corrie A Barrick, Listing Office: eXp Realty LLC-Fredericksburg
4 days on Rocket
$4,691 Closing Credit¹
#358944, Mike Guess, Listing Office: New Leaf Real Estate LLC
4 days on Rocket
$1,780 Closing Credit¹
#358946, Stacy Powell, Listing Office: Keller Williams
5 days on Rocket
$1,722 Closing Credit¹
#358919, Flor Midkiff, Listing Office: John Stewart Walker, Inc
6 days on Rocket
$3,562 Closing Credit¹
#358898, Chris Johnson, Listing Office: Long & Foster-Forest
$2,136 Closing Credit¹
#358848, Luther Maddy, Listing Office: Elite Realty
Popular Cities with Homes for Sale in Virginia
- Homes for sale in Alexandria, VA
- Homes for sale in Charlottesville, VA
- Homes for sale in Chesapeake, VA
- Homes for sale in Fairfax, VA
- Homes for sale in Fredericksburg, VA
- Homes for sale in Gainesville, VA
- Homes for sale in Hampton, VA
- Homes for sale in Leesburg, VA
- Homes for sale in Lynchburg, VA
- Homes for sale in Manassas, VA
- Homes for sale in Midlothian, VA
- Homes for sale in Newport News, VA
- Homes for sale in Norfolk, VA
- Homes for sale in Richmond, VA
- Homes for sale in Roanoke, VA
- Homes for sale in Salem, VA
- Homes for sale in Stafford, VA
- Homes for sale in Suffolk, VA
- Homes for sale in Williamsburg, VA
- Homes for sale in Winchester, VA
- Homes for sale in Woodbridge, VA
MLS Disclaimers and Copyright
Based on information from Lynchburg MLS, for the period 05/01/2023 - 05/01/2025
Information is provided by the Lynchburg Association of REALTORS®. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Lynchburg Association of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2025, 4:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2025, 4:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.