Why Live in Oakwood
Oakwood, a primarily residential neighborhood in Lynchburg, is situated 4 miles from downtown and offers convenient access to major medical centers, a country club, and Randolph College. The area features winding roads and well-manicured yards with homes set back on medium to large lots, surrounded by oak, maple, and sycamore trees. Housing styles include ranch, Cape Cod, Colonial Revival, and new historicism, with many homes dating back to the 1920s and 1940s. Oakwood is known for its mix of longtime residents and young families. E.C. Glass High School, which has a high rating, serves the area and offers an extensive arts program. Rivermont Avenue connects Oakwood to downtown and Randolph College, where residents can enjoy lifelong learning classes and the Dorothy Crandall Bliss Botanic Garden. The neighborhood is car-dependent but has bus stops and bike lanes along Rivermont Avenue and the Blackwater Creek Trail. Local features include the Oakwood Country Club, which offers a pool, tennis courts, and dining, and the nearby Boonsboro Country Club with its top-rated 18-hole golf course. Shopping and dining options are available along Rivermont Avenue and at the Peakland Crossing Shopping Center. Cultural attractions include the Maier Museum of Art at Randolph College, which showcases internationally acclaimed artists. The neighborhood is safer than the national average, making it a practical choice for families and individuals seeking a suburban lifestyle close to city amenities.
Home Trends in Oakwood, VA
On average, homes in Oakwood, Lynchburg sell after 42 days on the market compared to the national average of 70 days. The median sale price for homes in Oakwood, Lynchburg over the last 12 months is $440,000, up 13% from the median home sale price over the previous 12 months.
Median Sale Price
$440,000
Median Single Family Sale Price
$499,000
Median Townhouse Sale Price
$499,990
Median 2 Bedroom Sale Price
$163,500
Median 1 Bedroom Sale Price
$145,000
Average Price Per Sq Ft
$261
Number of Homes for Sale
8
Last 12 months Home Sales
29
Median List Price
$474,928
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
13%