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
3503 Holiday Lane N/A N/A N/A $4,900,000 Unknown 405 days
4255 Fortress Drive 4 7 13,391 $2,850,000 $212.83 2224 days
335 Deercroft Drive 5 5 8,100 $2,000,000 $246.91 62 days
604 Mabry Lane N/A N/A N/A $1,900,000 Unknown 42 days
100 Country Club Drive N/A N/A N/A $1,800,000 $862.07 48 days
100 Country Club Drive 4 2 2,088 $1,800,000 $862.07 48 days
1108 N Main Street N/A N/A N/A $1,500,000 $396.20 8 days
1071 Treetop Ridge Road 4 4 4,856 $1,449,000 $298.39 104 days
205 Otey Street 4 2 3,120 $1,290,000 $413.46 137 days
3710 Evergreen Trail 5 5 6,469 $1,275,000 $197.09 35 days
1303 N Main Street N/A N/A N/A $900,000 $501.39 118 days
1881 Mountainside Drive 4 4 4,815 $849,900 $176.51 99 days
1303 Glade Road N/A N/A 4,846 $774,900 $159.91 503 days
1415 Boxwood Drive 4 4 3,594 $770,000 $214.25 46 days
3961 Buck Mountain Ridge 5 4 4,467 $769,000 $172.15 43 days
4525 W Benoit Drive 4 4 3,796 $740,000 $194.94 119 days
408 Georgia Street 5 4 4,186 $685,000 $163.64 38 days
210 Claire Drive 4 3 2,671 $659,970 $247.09 22 days
105 Lee Street Unit 2 3 3 1,532 $650,000 $424.28 118 days
3014 Lancaster Drive 4 4 4,376 $649,000 $148.31 81 days
4571 Rhea Ridge Drive 4 4 4,000 $624,900 $156.23 61 days
400 Pleasant View Circle 4 3 3,382 $609,900 $180.34 33 days
1603 Bold Springs Circle 3 3 2,575 $569,950 $221.34 119 days
138 Oak Meadow Lane 4 3 2,879 $569,950 $197.97 273 days
128 Oak Meadow Lane 3 3 2,575 $569,950 $221.34 273 days
Average: 3.6 3.0 2,911 $553,509 $223 230 days
Viewing 1 - 25 of 88
Viewing 1 - 25 of 88
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
801 S Main Street N/A N/A 7,200 $2,200,000 $305.56 96 days
411 Sterling Heights Lane 5 5 5,455 $1,590,000 $291.48 67 days
100 Ardmore Street N/A N/A N/A $1,250,000 $69.54 532 days
1503 Trillium Lane 4 4 4,607 $920,000 $199.70 5 days
1701 Masada Way 4 5 4,216 $910,000 $215.84 33 days
855 Deercroft Drive 4 4 3,971 $849,900 $214.03 6 days
2071 Brooksfield Road 4 4 3,906 $732,000 $187.40 155 days
303 Little Circle 4 4 2,710 $675,000 $249.08 1 day
301 S Main Street Unit 305 2 2 1,458 $675,000 $462.96 0 days
1000 Emil Court 5 3 3,016 $649,500 $215.35 5 days
100 Vinyard Avenue 4 3 4,040 $645,750 $159.84 11 days
660 High Meadow Drive 6 4 4,899 $635,000 $129.62 3 days
TBD Claire #97 Drive 5 4 4,123 $634,062 $153.79 0 days
3011 Lancaster Drive 5 5 3,944 $629,000 $159.48 38 days
2703 Heritage Lane 4 3 2,922 $589,900 $201.88 3 days
TBD Lot 132 Walnut Drive 4 4 2,875 $574,762 $199.92 0 days
712 Dickerson Lane 4 4 3,577 $569,950 $159.34 3 days
3003 Wakefield Drive 4 4 3,080 $560,000 $181.82 3 days
4751 Susannah Drive 4 3 3,190 $553,000 $173.35 1 day
1605 Lark Lane N/A N/A 3,936 $535,000 $135.92 0 days
TBD Lot 111 Sheliah Drive 4 4 2,641 $527,314 $199.66 0 days
511 Draper Road Sw 4 3 2,450 $525,000 $214.29 20 days
TBD Lot 113 Alico Drive 4 3 2,842 $480,857 $169.20 0 days
134 Oak Meadow Lane 4 3 2,910 $479,950 $164.93 134 days
909 Village Way N 3 3 2,294 $479,900 $209.20 24 days
Average: 3.6 2.9 2,372 $411,460 $192 61 days
Viewing 1 - 25 of 107
Viewing 1 - 25 of 107
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
604 Jefferson Street 4 5 5,384 $1,400,000 $1,400,000 $260.03 8 days 7/15/21
1100 Treetop Ridge Road 6 6 5,193 $1,275,000 $1,050,000 $202.20 60 days 7/19/21
5001 Tall Oaks Drive 5 7 6,798 $979,900 $970,000 $142.69 81 days 6/30/21
440 Quailwood Drive 5 6 5,800 $969,000 $910,000 $156.90 9 days 7/29/21
2013 Hardwick Street 5 5 4,872 $779,000 $779,000 $159.89 2 days 6/16/21
1931 Plank Drive 5 5 4,413 $734,900 $725,000 $164.29 30 days 7/23/21
850 S Jefferson Forest Lane 5 4 5,322 $699,000 $705,000 $132.47 4 days 6/10/21
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
1804 Keisters Branch Road 3 3 3,187 $659,000 $659,000 $206.78 2 days 3/17/21
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
1203 Brockton Street 4 4 2,952 $639,900 $639,900 $216.77 4 days 5/4/21
102 Cohee Road 4 3 3,480 $647,500 $638,000 $183.33 28 days 6/10/21
907 Willard Drive Se 5 3 3,068 $634,500 $634,500 $206.81 2 days 6/3/21
441 Big Sky Trail 3 2 2,420 $619,000 $619,000 $255.79 250 days 5/18/21
911 Allendale Court 4 3 3,754 $599,000 $610,000 $162.49 4 days 2/23/21
2970 Mill Wood Lane 5 5 4,250 $585,000 $600,000 $141.18 30 days 7/12/21
1370 Falcon Ridge Road 4 4 3,623 $600,000 $600,000 $165.61 0 days 5/3/21
703 Jefferson Street 4 4 2,682 $599,900 $599,900 $223.68 56 days 3/11/21
295 Deercroft Drive 4 4 3,100 $599,900 $595,000 $191.94 35 days 2/19/21
911 Redbud Road 5 4 3,979 $539,000 $585,000 $147.02 3 days 5/31/21
Average: 3.4 2.8 2,186 $350,633 $351,058 $180 27 days
Viewing 1 - 25 of 274
Viewing 1 - 25 of 274