Apartment Size | Dec | vs Last Month |
---|---|---|
Studio apartments | $214,882 | +22.7% |
1-bed apartments | $85,733 | +6.6% |
2-bed apartments | $151,652 | -5.9% |
3-bed apartments | $249,820 | -1.5% |
4+ bed apartments | $320,792 | -2.2% |
During Dec 2022, the average price for an apartment in/near Lynchburg, VA increased by 0.3% to $254,765.
Knowing the current property prices is key if you plan to buy a studio in Lynchburg, VA. The average price for a studio has increased since the last month, currently being $214,882. After collecting all data points, we now see that the average price for 1-bed apartment increased by 6.6% to $85,733. Asking price for 2-bed apartment also decreased by 5.9% and a place of this size will now cost you $151,652. A 3-bed apartment goes for $249,820, it decreased by 1.5% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 2.2% and made it down to $320,792.
Listing Type | Dec | vs Last Month |
---|---|---|
Condos for sale | $280,331 | +8.5% |
Houses for sale | $257,756 | -2.1% |
Lofts for sale | $233,950 | -3.4% |
Other for sale | $950,000 | +0% |
Townhouses for sale | $263,223 | +0% |
Duplexes for sale | $181,740 | +0% |
Land for sale | $108,786 | +30.8% |
Price reports demonstrate that house price decreased by 2.1% this month making it up to $257,756. Condos are really in demand in this season. The median price for a condo increased by 8.5%, it’s now available for $280,331. An average value of duplex is $181,740, thus a median price for a duplex remains the same this month. The price dynamics of lofts changed, it decreased by 3.4%, the price tag now starts at $233,950. Value of the townhouses didn’t change, the price still starts at $263,223. The average price of the land for sale in Lynchburg, VA has increased by 30.8%, and now equals $108,786. Other types of properties for sale would cost $950,000 on average. Our data shows that this amount has stayed roughly the same compared to Nov.