As Thanksgiving approaches, Lynchburg settles into that cozy, familiar rhythm: pumpkin pies, the scent of woodsmoke drifting through the neighborhoods and family plans forming for long weekends together. The trees along the avenue have shed most of their leaves, but the spirit of gratitude is in full bloom across the Hill City. From the Turkey Trot to the lights starting to appear along Main Street, this is the season when neighbors wave a little longer and folks take stock of what they’re thankful for, including the comfort of home.
And just as families begin to gather around their tables, our local housing market seems to be gathering a sense of balance too. According to data that I pulled from the Lynchburg Association of Realtors, October this year saw 832 available homes, up from 648 in 2024 and 558 in 2023. This steady growth in inventory means buyers finally have more options, something we haven’t been able to say in several years.
Meanwhile, 297 homes sold in October, a modest rise from 278 last year, showing that demand remains healthy even as we move into the slower holiday season. The average days on market held steady at 38, suggesting a comfortable rhythm between buyers and sellers. And while the average sales price dipped slightly to $340,699, it’s still well above 2023’s $285,921, a reminder that our local home values have grown substantially over the past two years.
It’s natural for the housing market to cool a bit during November and December. Between holiday travel, school programs and shopping lists, fewer people are focused on listing or moving. But this quieter season can actually offer advantages. Buyers often face less competition and sellers who list now end up marketing their home to a pool of almost all serious buyers.
As 2025 winds down, the Lynchburg market looks stable, sustainable and refreshingly normal, three words that real estate professionals haven’t been able to use together for quite some time. And as we gather around the table this Thanksgiving, it’s a good time to appreciate that sense of balance. Much like the well-prepared “homemade” holiday meal that I may or may not be getting premade from Fresh Market, our housing market has all the right ingredients – steady growth, healthy inventory and just the right amount of warmth to make our community feel like home.
Billy Morris
The 2025 President of the Lynchburg Association of Realtors
An Associate Broker at John Stewart Walker, Inc.