Blacksburg Virginia Real Estate Market Report

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Blacksburg, in my opinion, is an amazing place to live. It's bustling with quaint retailers and excellent dining options. Having a major university right in the center creates a vibe that only a college town can provide. There is an electricity in the air created by the overwhelming number of college students who are died in the wool "Hokies." For most of the year, there are games in one sport or another weekly and almost every weekend. The college is diverse in its student population, making it a wonderful place to learn and appreciate other cultures.  

Our Market- The real estate market in Blacksburg has been competitive for some time now. Strangely, even in the midst of a pandemic, it seemed to gain momentum, and the supply and demand imbalance has become even greater. 

To be competitive when buying in a given market, one needs to know the market's barometer. That barometer can be measured by the number of active listings, average days on the market, and list price vs. sold price, to name a few. Creating market reports that will automatically be sent to you on the timeframe that you set is a great way to gain a solid understanding of the market so you can be competitive not only when trying to buy real estate but also when it's time to sell your own home. 

Please call, text, or email me with any questions you may have.

-Brian McHone

540-239-5901

Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
4255 Fortress Drive 4 7 13,391 $3,150,000 $235.23 2306 days
335 Deercroft Drive 5 5 8,100 $2,000,000 $246.91 144 days
604 Mabry Lane N/A N/A N/A $1,900,000 Unknown 124 days
100 Country Club Drive N/A N/A N/A $1,800,000 $862.07 130 days
100 Country Club Drive 4 2 2,088 $1,800,000 $862.07 130 days
1108 N Main Street N/A N/A N/A $1,500,000 $404.31 90 days
602 Jefferson Street 4 5 3,939 $1,310,000 $332.57 1 day
205 Otey Street 4 2 3,120 $1,290,000 $413.46 219 days
1157 Taylor Hollow Road 3 3 2,668 $888,000 $332.83 4 days
TBD Claire #97 Drive 5 4 4,123 $740,824 $179.68 245 days
105 Lee Street Unit 2 3 3 1,532 $650,000 $424.28 200 days
207 Alico Drive 4 4 2,761 $599,900 $217.28 40 days
965 Shilo Way 4 3 3,091 $599,900 $194.08 40 days
1603 Bold Springs Circle 3 3 2,575 $569,950 $221.34 201 days
138 Oak Meadow Lane 4 3 2,879 $569,950 $197.97 355 days
128 Oak Meadow Lane 3 3 2,575 $569,950 $221.34 355 days
126 Oak Meadow Lane 4 3 2,879 $569,950 $197.97 355 days
111 Kinloch Drive 3 2 2,692 $559,900 $207.99 33 days
TBD Lot 106 Alico Drive 4 3 2,661 $549,900 $206.65 31 days
25 Oak Meadow Lane 3 3 2,575 $539,950 $209.69 361 days
104 Kinloch Drive 3 2 2,121 $524,380 $247.23 115 days
101 Kinloch Drive 4 3 2,369 $519,900 $219.46 33 days
5163 Whitethorne Road 6 3 3,056 $499,900 $163.58 30 days
401 S Main Street Unit 301 1 2 1,458 $475,000 $325.79 213 days
1000 Mourning Dove Drive 4 3 2,616 $429,500 $164.18 17 days
Average: 3.4 2.9 2,750 $512,882 $254 289 days
Viewing 1 - 25 of 63
Viewing 1 - 25 of 63
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
3503 Holiday Lane N/A N/A N/A $4,900,000 Unknown 414 days
1071 Treetop Ridge Road 4 4 4,856 $1,449,000 $298.39 152 days
855 Deercroft Drive 4 4 3,971 $849,900 $214.03 6 days
573 Mabry Lane 6 4 4,766 $715,000 $150.02 5 days
408 Georgia Street 5 4 4,186 $685,000 $163.64 64 days
1205 Redbud Road 4 3 3,263 $675,000 $206.86 2 days
303 Little Circle 4 4 2,710 $675,000 $249.08 1 day
210 Claire Drive 4 3 2,671 $659,970 $247.09 56 days
611 Montgomery Street 4 3 2,309 $620,000 $268.51 0 days
408 Floyd Street 5 4 3,226 $598,000 $185.37 2 days
TBD Lot 132 Walnut Drive 4 4 2,875 $574,762 $199.92 0 days
830 Crestwood Drive 3 2 2,262 $549,000 $242.71 57 days
3752 Bay Tree Place 4 3 3,013 $535,000 $177.56 5 days
TBD Lot 111 Alico Drive 4 4 2,641 $527,314 $199.66 0 days
2803 Mount Vernon Lane 4 3 2,390 $525,000 $219.67 19 days
3959 Mountain Laurel Ridge 4 3 4,066 $519,500 $127.77 0 days
3495 Evergreen Trail 5 4 3,682 $510,000 $138.51 44 days
TBD Lot 113 Alico Drive 4 3 2,842 $480,857 $169.20 0 days
TBD lot 87 Claire Drive 4 5 2,679 $474,670 $177.18 0 days
TBD Lot 131 Walnut Drive 4 3 2,842 $471,500 $165.90 0 days
TBD lot 112 Alico Drive 4 3 2,700 $466,619 $172.82 0 days
TBD-Lot 86 Claire Drive 4 3 2,842 $460,000 $161.86 0 days
TBD LOt 104 Claire Drive 3 3 2,700 $458,500 $169.81 0 days
103 Fincastle Drive 5 4 3,392 $439,900 $129.69 22 days
4789 Susannah Drive 4 4 2,835 $429,900 $151.64 68 days
Average: 3.5 2.8 2,201 $432,480 $184 71 days
Viewing 1 - 25 of 78
Viewing 1 - 25 of 78
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
801 S Main Street N/A N/A 7,200 $2,200,000 $2,000,000 $277.78 96 days 8/10/21
604 Jefferson Street 4 5 5,384 $1,400,000 $1,400,000 $260.03 8 days 7/15/21
411 Sterling Heights Lane 5 5 5,455 $1,590,000 $1,375,000 $252.06 67 days 8/19/21
1431 Pebble Beach Road 5 4 4,919 $1,099,000 $1,099,000 $223.42 2 days 9/22/21
1100 Treetop Ridge Road 6 6 5,193 $1,275,000 $1,050,000 $202.20 60 days 7/19/21
100 Ardmore Street N/A N/A N/A $1,250,000 $1,050,000 $58.42 532 days 8/13/21
5001 Tall Oaks Drive 5 7 6,798 $979,900 $970,000 $142.69 81 days 6/30/21
1503 Trillium Lane 4 4 4,607 $920,000 $952,000 $206.64 5 days 9/9/21
2007 Hardwick Street 5 5 6,062 $910,000 $910,000 $150.12 0 days 5/24/21
440 Quailwood Drive 5 6 5,800 $969,000 $910,000 $156.90 9 days 7/29/21
1701 Masada Way 4 5 4,216 $910,000 $900,000 $213.47 33 days 8/20/21
2013 Hardwick Street 5 5 4,872 $779,000 $779,000 $159.89 2 days 6/16/21
1415 Boxwood Drive 4 4 3,594 $770,000 $750,000 $208.68 47 days 9/15/21
1931 Plank Drive 5 5 4,413 $734,900 $725,000 $164.29 30 days 7/23/21
2071 Brooksfield Road 4 4 3,906 $732,000 $720,000 $184.33 155 days 9/8/21
850 S Jefferson Forest Lane 5 4 5,322 $699,000 $705,000 $132.47 4 days 6/10/21
3270 Nikkel Lane 3 3 4,387 $699,900 $703,750 $160.42 2 days 10/15/21
2009 Hardwick Street 5 4 3,572 $629,000 $700,000 $195.97 1 day 6/30/21
1005 Village Way N 5 4 3,958 $635,000 $675,000 $170.54 3 days 6/25/21
205 Talheim Circle 4 4 3,915 $645,000 $668,350 $170.72 3 days 7/30/21
339 Deercroft Drive 5 4 3,631 $649,000 $663,500 $182.73 0 days 5/17/21
1229 Redbud Road 5 4 3,996 $635,000 $662,000 $165.67 2 days 6/7/21
301 S Main Street Unit 305 2 2 1,458 $675,000 $655,000 $449.25 0 days 8/9/21
605 Jefferson Street 6 5 3,809 $650,000 $650,000 $170.65 8 days 7/7/21
3841 Buck Mountain Ridge 6 4 5,132 $639,900 $650,000 $126.66 2 days 5/3/21
Average: 3.5 2.8 2,323 $381,562 $380,676 $182 32 days
Viewing 1 - 25 of 335
Viewing 1 - 25 of 335