Recent rolling three-month data for Perrymont shows some sharp month-to-month shifts, with the typical home value down about 15 percent since the prior period while the median list price jumped nearly 18 percent. Active listings climbed roughly 46 percent and new listings rose about 44 percent, giving buyers more options than in the previous three-month window. At the same time, homes sold doubled from the prior period and pending sales increased by about 43 percent, pointing to solid demand. Conditions still lean toward sellers, but momentum is more mixed than earlier in the year.
Putting this in a longer context, typical home values are down about 8 percent from a year ago and median list prices are almost 13 percent lower, suggesting some price relief compared with last summer. Inventory has stayed fairly steady year over year, dipping only slightly, while months of supply has more than doubled over the past year to around 3.2 months. Homes are taking longer to sell than a year ago, with median days on market up sharply, yet more than a third of sales still close above list price.
Compared with the broader Lynchburg market, Perrymont’s typical home value trails the citywide median, and the neighborhood has a bit more inventory relative to recent sales, as shown by its higher months of supply. Even so, its seller’s market designation indicates that well-priced homes continue to draw interest. With this blend of softening prices, more listings, and ongoing demand, local dynamics can feel complex. Buyers and sellers can both benefit from working with an Agent Pronto–recommended real estate agent who understands these trends and how to navigate them.
