The story of this market
The typical home in ZIP 24504 sells for about $259,000, or $163 per square foot.
Prices are down 3.5% from a year ago, which gives buyers more room to negotiate. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,009 a month.
ZIP 24504 — Lynchburg
The Lynchburg housing market is experiencing a slight cooling trend with a year-over-year decline in median sale prices and a decrease in sales volume. Market activity remains competitive, though homes are taking longer to sell compared to the previous year. Figures provided reflect city-wide data as specific ZIP-level metrics for 24504 are not currently published in the referenced reports.
Median prices moved down 3.5% year over year.
Homes spend a median of 25 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.4% · poverty 25.6% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 24504, Lynchburg city, Virginia
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Data sourced from city-level ACS estimates provided in market reports.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.