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Fairway Oaks

LYNCHBURG, VA 24503

Real Estate Market Report  ·  Bedford County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
81
⇧ 14.1% vs 71 last year
Pending
29
36% pending ratio
Median Price
$449,950
⇩ 9.2% vs $495,560 last year
Average Price
$491,573
⇩ 6.5% vs $525,615 last year
Days on Market
77
⇧ 10% vs 70 days last year

Market Context

Population: 20,017  ·  Density: 210.5/mi²  ·  Median household income: $90,363

Typical home value: $293,409  ·  Homeownership: 76.2%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The LYNCHBURG, VA real estate market (24503) currently shows 81 active listings, with 29 pending sales. Homes are averaging 77 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 77 days on market compared to 70 days last year.

The median listing price has fallen 9.2% year-over-year, from $495,560 to $449,950.

Whether you are buying or selling in LYNCHBURG, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 81 this year vs 71 last year
  • Days on market: 77 now vs 70 last year

Median & Average Pricing

Year over Year
  • Median: $449,950 (-9.2% YoY)
  • Average: $491,573 (-6.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.4 miles — 476 listings ($187,556,020 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24503Lynchburg, VA 245030.0 mi81$39,817,413$449,950$491,573
24551Forest, VA 245517.5 mi106$57,031,180$449,500$538,030
24501Lynchburg, VA 245018.2 mi115$27,570,675$232,450$239,745
24556Goode, VA 2455610.1 mi16$11,849,664$474,900$740,604
24504Lynchburg, VA 2450412.2 mi46$13,103,238$221,000$284,853
24550Evington, VA 2455015.1 mi16$6,525,024$369,900$407,814
24579Natural Bridge Station, VA 2457917.1 mi2$1,398,000$699,000$699,000
24538Concord, VA 2453818.0 mi11$3,421,847$309,900$311,077
24416Buena Vista, VA 2441620.1 mi26$7,307,300$272,400$281,050
24517Altavista, VA 2451721.2 mi31$8,444,834$215,900$272,414
24571Lynch Station, VA 2457123.1 mi15$7,801,095$439,950$520,073
24554Gladys, VA 2455423.9 mi9$2,840,850$327,450$315,650
24174Thaxton, VA 2417424.4 mi2$444,900$222,450$222,450

Frequently Asked Questions

How many homes are for sale in LYNCHBURG, VA 24503?

As of January 2026, there are 81 active listings in LYNCHBURG, VA (zip code 24503), compared to 71 the prior year.

What is the median home price in LYNCHBURG, VA 24503?

The median listing price in LYNCHBURG, VA 24503 is $449,950 as of January 2026, a 9.2% decrease from $495,560 the prior year.

How long do homes stay on the market in LYNCHBURG, VA?

Homes in LYNCHBURG, VA 24503 spend an average of 77 days on the market before going under contract, compared to 70 days the prior year.

Is it a seller's or buyer's market in LYNCHBURG, VA 24503?

Based on current inventory and days-on-market data as of January 2026, LYNCHBURG, VA 24503 is currently a Buyer's Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 77 days on market compared to 70 days last year.

How much can I save on real estate commission in LYNCHBURG, VA?

With SELL123.com's maximum 3% commission, sellers in LYNCHBURG, VA 24503 save an estimated $8,999 compared to a typical 5% commission on the median listing price of $449,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.