Diamond Hill Housing Market Report March 2025•Lynchburg County, Virginia

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Housing Prices in Diamond Hill, VA

How much do homes in Diamond Hill, VA cost?

Housing Market Conditions

Is Diamond Hill, VA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Diamond Hill is a Seller's Market

Difference Since February 2025

Last month, Diamond Hill was a Buyer's Market.

Insight

Diamond Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$222,650$133/SqFt
-$464,972
-67.6%

Based on all homes sold in March 2025

Insight

Homes in Diamond Hill have sold for 67.6% less than they did a month ago.

Summary: The median home sold price in Diamond Hill was $222,650 in March 2025, down 67.6% from last month, and the median price per square foot was $133.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Seminary Hill
-24.1%
White Rock Hill
-51.0%
Diamond Hill
-67.6%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2025Mar 2025Change MoM
1--
N/A
2--
N/A
3-$215.4K
N/A
4-$289K
N/A
5$687.6K-
N/A

Summary: Diamond Hill housing price by bedroom type for March 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Diamond Hill, VA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Diamond Hill, VA

Housing supply in Diamond Hill, VA

How many homes are available in Diamond Hill, VA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
17Last MonthMar 2025
142 months agoFeb 2025
+21.4 %
Change MoMFeb – Mar

Summary: The Diamond Hill real estate market had 17 homes for sale in Mar 2025, a 21.4 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
4Last MonthMar 2025
12 months agoFeb 2025
+300.0 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
111
0.0%
245
+25.0%
345
+25.0%
422
0.0%
534
+33.3%

Summary: Diamond Hill housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +25.0%. The inventory for 3 bedroom homes increased by +25.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +33.3%.

Asking Price vs. Sold Price

How much do homes in Diamond Hill, VA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price2 Homes

Under Asking Price1 Home

Insight

If you're buying a home in Diamond Hill, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Diamond Hill in March 2025, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and and 25% were sold over asking.

Days on Market for Diamond Hill, VA

How long does it take to sell a home in Diamond Hill, VA?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days2 Homes

Over 90 Days2 Homes

Insight

Avg time on Rocket Homes in Diamond Hill has remained consistent over time.

Summary: During March 2025, 4 homes were sold in Diamond Hill; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
107 DaysLast MonthMar 2025
39 Days1 month agoFeb 2025
+176.3 %
Change MoMFeb – Mar

Summary: Homes in Diamond Hill had an average listing age of 107 days in Mar 2025, up by 176.3% compared to the previous month.

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Newest Listings in Diamond Hill, VA

What homes are available in Diamond Hill, VA?

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MLS Disclaimers and Copyright

Based on information from Lynchburg MLS, for the period 02/01/2025 - 04/01/2025

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: 4/12/2025, 4:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.