MyMarketPulse (mymarketpulse.com) has unveiled its analysis for July 2024, focusing on the property market trends in Lynchburg, Virginia.
According to the latest data, Lynchburg’s Median Sale Price was pegged at $295,000, showing an increase of 5.4% from the preceding month and a rise of 13.5% from the year before.
During this period, 91 home was sold in the area, reflecting a decrease 6.2% compared to the month beforeand and an increase of 18.2% from the same month in the previous year.
The median time homes spent on the market was 10 days, which is up 2 days compared to last month and an increase of 3 days over the previous year.
With the Market Pulse Score sitting at 122, the trend in Lynchburg’s housing market seems to be rising.
For more information about the Lynchburg, Virginia market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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