New - 1 day on Rocket
$4,269 Closing Credit¹
#357079, Jeff Wiley, Listing Office: John Stewart Walker, Inc
24503 Housing Market Report January 2025•Lynchburg County, Virginia
Housing Prices in 24503, VA
How much do homes in 24503, VA cost?
Housing Market Conditions
Is 24503, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
24503 is a Seller's Market
Difference Since January 2024
Since last year, 24503 has remained a Seller's Market.
Insight
24503 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$392,600$164/SqFt
+$26,100
+7.1%
Based on all homes sold in the last 12 months
Insight
Homes in 24503 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 24503 was $392,600 in January 2025, up 7.1% from last year, and the median price per square foot was $164.
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $125K | $41K | -67.2% |
| 22 Bedrooms | $196.7K | $175K | -11.1% |
| 33 Bedrooms | $319.9K | $372.4K | +16.4% |
| 44 Bedrooms | $425K | $430K | +1.2% |
| 55+ Bedrooms | $512K | $674K | +31.6% |
Summary: 24503 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -67.2%. The home price for 2 bedroom homes decreased by -11.1%. The home price for 3 bedroom homes increased by +16.4%. The home price for 4 bedroom homes increased by +1.2%. The home price for 5 bedroom homes increased by +31.6%.
Housing supply in 24503, VA
How many homes are available in 24503, VA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 74Last MonthJan 2025 | ||
| 762 months agoDec 2024 | -2.6 % Change MoMDec – Jan |
Summary: The 24503 real estate market had 74 homes for sale in Jan 2025, a 2.6 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 15Last MonthJan 2025 | ||
| 212 months agoDec 2024 | -28.6 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 6 | 7 | +16.7% |
| 33 Bedrooms | 24 | 27 | +12.5% |
| 44 Bedrooms | 24 | 26 | +8.3% |
| 55+ Bedrooms | 22 | 14 | -36.4% |
Summary: 24503 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +16.7%. The inventory for 3 bedroom homes increased by +12.5%. The inventory for 4 bedroom homes increased by +8.3%. The inventory for 5 bedroom homes decreased by -36.4%.
Asking Price vs. Sold Price
How much do homes in 24503, VA cost?
Over Asking Price3 Homes
At Asking Price6 Homes
Under Asking Price6 Homes
Insight
If you're buying a home in 24503, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 24503 in January 2025, down by 28.6% month-over-month. Of the 15 sold homes, 40% were sold under asking, 40% were sold at asking, and and 20% were sold over asking.
Days on Market for 24503, VA
How long does it take to sell a home in 24503, VA?
Breakdown of Home Sale Times
Under 30 Days10 Homes
30 – 90 Days1 Home
Over 90 Days4 Homes
Insight
Many homes in 24503 are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 15 homes were sold in 24503; 67% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 53 DaysThis YearJan 2025 | ||
| 33 Days1 year agoJan 2024 | +58.2 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in 24503 had an average listing age of 53 days in Jan 2025, up by 58.2% compared to the previous year.
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Newest Listings in 24503, VA
What homes are available in 24503, VA?
New - 1 day on Rocket
$4,928 Closing Credit¹
#357020, Daniele Mason, Listing Office: Blickenstaff & Company, Realtors
New - 2 days on Rocket
$10,000 Closing Credit¹
#357046, Kensie W Johnson, Listing Office: John Stewart Walker, Inc
New - 3 days on Rocket
$2,197 Closing Credit¹
#357034, Kevin Ilozor, Listing Office: Century 21 ALL-SERVICE
New - 4 days on Rocket
$1,831 Closing Credit¹
#356977, Sheryl R Johnson, Listing Office: Divine Fog Realty Company LLC
New - 6 days on RocketVideo tour
$10,000 Closing Credit¹
#356916, Amy B Scott, Listing Office: John Stewart Walker, Inc
New - 6 days on Rocket
$4,328 Closing Credit¹
#356959, Nadine B Blakely, Listing Office: Re/Max 1st Olympic
New - 7 days on Rocket
$6,234 Closing Credit¹
#356948, Kensie W Johnson, Listing Office: John Stewart Walker, Inc
New - 7 days on Rocket
$10,000 Closing Credit¹
#356770, Robert E Dawson, Listing Office: Berkshire Hathaway HomeServices Dawson Ford Garbee & Co., REALTORS®
$3,764 Closing Credit¹
#356925, Brandy Barnes ONeill, Listing Office: Cornerstone Realty Group Inc
$1,483 Closing Credit¹
#913906, Listing Office: CENTURY 21 ALL-SERVICE
$1,483 Closing Credit¹
#356909, Tammy Slusher, Listing Office: Century 21 ALL-SERVICE-BEDFORD
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MLS Disclaimers and Copyright
Based on information from Lynchburg MLS, and Roanoke Valley Association of Realtors MLS for the period 02/01/2023 - 02/01/2025
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: 2/7/2025, 8:20:55 PM 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: 2/7/2025, 8:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The unauthorized retrieval or use of this listing data is prohibited.
All information is deemed reliable but not guaranteed, and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/7/2025, 8:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.