Will the Recent Mortgage Rate Increase Impact Home Sales?

Read more to see what homes sold for—and where—across Greater Lynchburg.

The Greater Lynchburg real estate market continues to show activity across the city and its surrounding counties, with a light mix of higher-end residential sales in Bedford County and smaller transactions contributing to overall momentum. Recent property transfers highlight some buyer interest, while building permits indicate ongoing investment in new construction and home improvements throughout Greater Lynchburg.

In the City of Lynchburg, several higher-priced transactions led the market, including the sale of 2606 Confederate Ave. for $390,000, followed by Lot 107 in The Parks at Wyndhurst at $350,000, and 1524 Liggates Road at $278,000. These sales reflect continued demand for well-located homes and established neighborhoods, particularly in areas like Wyndhurst. Additional activity included mid-range home purchases and smaller investment properties, showing a balanced market that appeals to both homeowners and investors.

City of Lynchburg

1. 2606 Confederate Ave. – Christopher P. Krueger to Josiah D. and Elizabeth P. Wilmoth. $390,000
2. Lot 107, section 2, The Parks at Wyndhurst – Robert D. Layne and Jo Ellen Layne to Logan M. Davenport. $350,000
3. 1524 Liggates Road – Joseph D. Rothgeb Jr., Sherri Bell, Terri R. Nguyen, Jacob Rothgeb and Landon Rothgeb to Luke A. and Delanee J. Winer. $278,000
4. 309 Harrison St. – Joseph F. Schuppe and Melissa Fitzgerald to Ashley E. Inesta. $225,000
5. Unit 305, The Gables at Wyndhurst Condominium – Ashton Lee Brown and Lydia Jayne Settje Brown to Tyler Rose and Azul Iritxity Irigoyen. $211,000
6. Lot 7, section 4, Blue Ridge Farms – Sandra M. Johnsen to Wade Scott Hill and Dawn Crews. $209,000
7. Unit 106, The Parkside Grande at Cornerstone Condominium – Philip J. Shakro Jr. and Rosemary J. Shakro to William Thomas Durkin Jr. and Victoria L. Durkin. $200,000
8. Lot 5, section 2, West Lynchburg Land Co. – University of Lynchburg to Kathy Lovelace-Macaig. $154,900
9. 2346 Aragon St. – David M. Merricks to Marlin Mondragon Sanchez. $139,000
10. Lot 39, Grove Hill Subdivision – DBI Capital Group LLC to NVR, Inc. $70,000
11. 721 Grady St. – Keith A. and Shannon M. Jennings to Shepard Home Services LLC. $50,000

Bedford County recorded the highest sale across the region with Lot 14 in Valley Mills Crossing AKA 305 Mill Lake Rd, Huddleston selling for $650,000. Sellers were represented by Lynn Pearson Furrow with Mac Westland Real Estate Group.

Other notable Bedford County transactions included Lot 18 in Grandview Course AKA 1189 Grandset Dr, Forest at $499,900 and 108 Minuteman Drive at $399,900. Sellers on Grandset Dr. were represented by Michele Howard with REALTY ONE GROUP LEADING EDGE. These figures suggest strong demand for larger properties and new developments, especially in desirable residential communities. The county also saw a wide range of lot and land sales, pointing to continued future development.

Bedford County

1. Lot 14, Valley Mills Crossing – Isaac B. Mack and Jessica C. Mack to Jody and Michelle Stowe. $650,000
2. Lot 18, phase 1, Grandview Course – Ivalace LLC to Hubert C. and Mona D. Rudder. $499,900
3. 108 Minuteman Drive – Eileen Robinson to Victor A. and Jean A. Birch. $399,900
4. Tract 6, Va. 701, 0.53 acres – Danny H. Gray and Jason Daniel Gray to Stephen Eugene Anglin. $197,000
5. Tracts 9 and 10, Flat Top Mountain – Stephen D. and Winnie S. Reedy to Openvistas LLC. $165,000
6. 746 Peaks St. – Sally Ann Simpson and Elizabeth Jane Millar to Jacob Rothgeb. $165,000
7. Lots 23 and 40, section 1, Eastyn Crossing Subdivision – DBI Capital Group LLC to NVR, Inc. $150,000
8. Lot 28, Kitsmont Subdivision – Kitsmont LLC to Marsh Architects & Builders LLC. $107,500
9. Lot 29, Kitsmont Subdivision – Kitsmont LLC to Marsh Architects & Builders LLC. $107,500
10. Lot 13, Fairview Meadows – Spencer Bobbitt to Premier Construction, LLC. $55,000
11. Lot 1, section V, Kensington – Ty Funding LLC to Jeremy Jackson. $50,000
12. Lot 1, Village North – Kevin Lessord to NBS Builders LLC. $39,500
13. Lot 143, section B, Beechwood West – Altro LLC to Madeline Bertot. $19,000
14. Lots G-6 and G-7, Surfside Estates – John Reilly and Margaret Reilly to Larry D. and Susan F. Balderson. $15,000

In Campbell County, the top sale was Lot 8 in the Powhatan Cox Tract, which sold for $399,900. This was followed by Lot 66 in Augusta Springs at $294,900 and a parcel at the intersection of Long Island Road and Theta Mill Road at $264,900. These transactions highlight steady suburban growth and continued interest in both residential builds and land investment opportunities throughout the county.

Campbell County

1. Lot 8, section K, Powhatan Cox Tract – Jeffrey and Simone Woolard to Benjmain and Sheila Smith. $399,900
2. Lot 66, block 4, Augusta Springs – CRM Construction Inc. to Kevin and Cynthia Chivington. $294,900
3. Parcel, intersection of Long Island Road and Theta Mill Road – Greener Investments LLC to Kashawn Clevonn Hubbard. $264,900
4. Lot 87, building K, English Commons – Tawanda L. Irving to Sydney Coulson. $246,000
5. 46 Barbour Drive – William E. Rush to Peter James Wing and Renee Marsh Wing, trustees. $230,000
6. Lots 2 and 28, Morton Creek Estates – K&E Properties LLC to NVR, Inc. $195,000
7. Lot 37, 7th, 8th and 9th streets in Altavista – Ann T. Irvin to Robin G. Jacobs. $140,000
8. Lot 63, Crescent Grove Subdivision – KDK Development LLC to NVR, Inc. $68,300
9. Parcel, Va. 643, 6.868 acres – George S. Johnson to Deanna R. and Stephen H. Janney. $61,200
10. Parcel, off Savage Lane – Robert Lee Savage and Linda Moss Savage, trustees to Lin Wayne Properties LLC. $50,000
11. Lot 6, section 2, Stoney Creek Estates – Nelson Davis Kyle II to Benjamin Ethan Lingo. $30,000

Amherst County’s market was led by the sale of a new lot in the Elon District for $320,000, along with Lot 14 in Oakview Estates at $300,000 and 225 Arrowhead Drive at $285,000. These sales indicate a stable market with moderate price points, appealing to buyers seeking more rural or spacious living options while remaining close to Lynchburg.

Amherst County

1. New lot 69, 1.151 acres, Elon District – Brady A. and Allison Mangus to Bradley and Patricia Corbin. $320,000
2. Lot 14, section 2, Oakview Estates – Martin Ridge Homes LLC to Justin and Stephanie C. Beale. $300,000
3. 225 Arrowhead Drive – Jeffrey E. Koontz to Kathryn Joy and James Lee Quesenberry. $285,000
4. Parcel, near Cedar Gate Road, 2 acres – Theodore Gus Macheras to Shirley LeRaine Wright. $175,000
5. Parcel, just off Galts Mill Road, 20.76 acres – Timothy James Geisland and Forrest Nicole Geisland to Wanda Adcock. $115,000
6. 2632 Wagon Trail Road – Nathaniel Gagnon and Rachel Abbott to Ray Reed Investments LLC. $70,090
7. 1192 N. Amherst Highway – Rufus L. Rucker and Eugene S. Rucker Jr. to Tosey R. and Stella Sparrow. $60,100

In Appomattox County, the highest transaction was the sale of Lots 1 and 2 on Mountain Cut Road for $275,000, followed by 1809 Narrow Passage Road at $191,000 and a parcel on Country Club Road for $80,000. While generally lower in price compared to surrounding areas, the county continues to attract buyers interested in land and quieter residential settings.

Appomattox County

1. Lots 1 and 2, Mountain Cut Road – Katurah S. McCormick and Regina M. Caldwell to Jefferson M. Catlett and Michael R. Goin. $275,000
2. 1809 Narrow Passage Road – Russell Aaron and Virginia Victoria Mayes to Dawn Marie Shifflett. $191,000
3. Parcel, 10.07 acres, Country Club Road – Tyler Justin and Erica Marlina Gallagher to Jeffrey L. and Shawn H. Lee. $80,000
4. Parcel, 7.62 acres, Piney Ridge Road – Sallie B. Dehart to Robert N. and Taylor C. Richardson. $75,000
5. 2351 Cedar Bent Road – Weiwei Wu to Jonathan and Amber Selesky. $49,500

Building permits across the region further emphasize growth, with the highest valued project being a new dwelling on Bradford Crossing Place at $625,000. Additional major permits included new homes on Keytown Road at $460,000 and Nester Road at $400,000. Numerous other permits for new construction, additions, and garages demonstrate continued confidence in the housing market and ongoing development throughout Greater Lynchburg.

Bedford County Building Permits

1. 1070 Bradford Crossing Place – Hudson Builders Inc. to new dwelling. $625,000
2. 1335 Keytown Road – Jared King to new dwelling. $460,000
3. 1065 Nester Road – Michael Mitchell to new dwelling. $400,000
4. 1600 Saunders Road – Zachary Sublett to new dwelling. $360,000
5. 1095 Snowfield Circle – R. Fralin Construction Inc. to new dwelling. $307,000
6. 1086 Snowfield Circle – R. Fralin Construction Inc. to new dwelling. $304,345
7. 1124 Snowfield Circle – R. Fralin Construction Inc. to new dwelling. $304,345
8. 3849 Hales Ford Drive – Real Estate Buy It Now LLC to new dwelling. $300,000
9. 8286 Wheats Valley Road – Evan Smith to new dwelling. $300,000
10. Lot 4, Bishop – Grayson Overstreet to new dwelling. $264,000
11. 107 Ridge Drive – Allan Shrewsbury Builder to new dwelling. $250,000
12. Lot 4, section 1, Norwood Heights – Sundance Design & Build LLC to new dwelling. $200,000
13. 203 Mountain Laurel Drive – Bernard Marks to finish garage. $194,000
14. 2390 Morgan’s Church Road – Monica Falls to addition. $100,000
15. 2832 Patmos Church Road – Edwin Kuhn to garage. $75,000
16. 103 Elm Court – Robert Crie to four season room. $50,000
17. 401 Meadows Drive – Lisa Hamilton Tweedy to garage. $45,000
18. 2713 Lazenbury Road – Donald Barlow Jr. to garage. $20,000