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
TBD Toms Creek Road N/A N/A N/A $9,401,990 $65,011.69 74 days
TBD Farmingdale Lane N/A N/A N/A $5,747,500 $64,892.18 74 days
TBD Strider Lane N/A N/A N/A $5,300,400 $41,024.77 74 days
702 University City Boulevard N/A N/A N/A $4,250,000 $250 104 days
TBD Farmingdale Lane N/A N/A N/A $3,965,000 $51,965.92 56 days
TBD Hidden Valley Drive N/A N/A N/A $3,880,500 $65,438.45 74 days
1107 N Main Street N/A N/A N/A $3,500,000 $694.86 97 days
4255 Fortress Drive 4 7 13,391 $3,150,000 $235.23 2517 days
335 Deercroft Drive 5 5 8,100 $2,000,000 $246.91 355 days
604 Mabry Lane N/A N/A N/A $1,900,000 Unknown 335 days
901 Coalwood Way 6 5 6,604 $1,679,000 $254.24 103 days
3930 Horse Farm Road 6 7 5,925 $1,500,000 $253.16 21 days
2190 Merrimac Road 5 2 3,584 $1,500,000 $418.53 69 days
3111 Alice Drive 4 4 3,660 $995,000 $271.86 78 days
2134 Big Vein Road 4 4 3,612 $895,000 $247.79 52 days
1157 Taylor Hollow Road 3 3 2,668 $888,000 $332.83 215 days
611 Woodland Drive 5 6 4,232 $850,000 $200.85 117 days
105 Lee Street Unit 2 3 3 1,532 $795,000 $518.93 411 days
214 Claire Drive 3 3 3,335 $729,000 $218.59 24 days
206 Flippin Circle 4 4 3,747 $700,000 $186.82 45 days
700 Nellies Cave Road 5 3 2,313 $695,000 $300.48 58 days
128 Oak Meadow Lane 3 3 2,575 $630,950 $245.03 566 days
1603 Bold Springs Circle 3 3 2,575 $625,950 $243.09 412 days
138 Oak Meadow Lane 4 3 2,879 $620,950 $215.68 566 days
126 Oak Meadow Lane 4 3 2,879 $620,950 $215.68 566 days
Average: 3.7 3.4 3,263 $977,785 $232 230 days
Viewing 1 - 25 of 71
Viewing 1 - 25 of 71
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1311 Giles Road N/A N/A 14,900 $2,290,000 $153.69 3 days
1311 Giles Road N/A N/A N/A $2,290,000 $8,674.24 3 days
1108 N Main Street N/A N/A N/A $1,250,000 $336.93 214 days
350 Midtown Way N/A N/A 3,533 $1,178,639 $333.61 0 days
1870 Mountainside Drive 5 5 5,568 $950,000 $170.62 13 days
604 Preston Avenue 5 3 3,816 $929,000 $243.45 48 days
1131 Treetop Ridge Road 4 4 3,884 $899,998 $231.72 13 days
1908 Shadow Lake Road N/A N/A 5,500 $870,000 $158.18 58 days
3900 Mountain Laurel Ridge 4 4 3,660 $849,998 $232.24 6 days
204 Claire Drive 5 4 3,956 $804,900 $203.46 37 days
516 Belvedere Avenue Unit 516 4 5 3,033 $779,403 $256.97 0 days
1212 Brockton Street 5 4 4,507 $775,000 $171.95 3 days
301 S Main Street Unit 307 2 2 1,725 $774,000 $448.70 2 days
520 Belvedere Avenue Unit 520 4 5 3,033 $770,568 $254.06 0 days
216 Claire Drive 5 5 3,663 $736,589 $201.09 0 days
409 Heartwood Crossing 5 4 3,695 $735,000 $198.92 3 days
605 Jefferson Street 6 5 3,809 $704,900 $185.06 30 days
208 Claire Drive 5 5 3,663 $704,668 $192.37 18 days
1102 Deerfield Drive 4 3 3,424 $695,000 $202.98 4 days
218 Claire Drive 4 4 3,286 $692,747 $210.82 0 days
3810 Mountain Laurel Ridge 4 4 3,733 $680,000 $182.16 62 days
219 Claire Drive 4 3 2,661 $657,186 $246.97 0 days
692 Sunshine Farm Lane 4 4 3,378 $650,000 $192.42 3 days
1220 Patton Court 4 4 3,100 $648,900 $209.32 3 days
208 Alico Drive 4 3 2,641 $637,988 $241.57 69 days
Average: 3.4 2.9 2,516 $518,832 $215 14 days
Viewing 1 - 25 of 89
Viewing 1 - 25 of 89
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
1655 Plank Drive 5 6 8,360 $1,800,000 $1,765,000 $211.12 30 days 3/9/22
100 Country Club Drive 4 2 2,088 $1,800,000 $1,350,000 $646.55 134 days 3/11/22
1071 Treetop Ridge Road 4 4 4,856 $1,449,000 $1,300,000 $267.71 152 days 12/1/21
915 Coalwood Way 4 5 4,014 $1,175,000 $1,175,000 $292.73 0 days 1/24/22
602 Jefferson Street 4 5 3,939 $1,299,900 $1,130,000 $286.87 92 days 3/23/22
205 Otey Street 4 2 3,120 $1,290,000 $1,100,000 $352.56 274 days 1/20/22
1240 Treetop Ridge Road 4 6 4,170 $1,050,000 $995,000 $238.61 94 days 4/6/22
2213 Birchleaf Lane 5 5 4,923 $969,000 $969,000 $196.83 0 days 4/28/22
1080 Treetop Ridge Road 5 4 4,571 $979,000 $935,000 $204.55 7 days 3/2/22
1080 Treetop Ridge Road 5 4 4,571 $979,000 $930,000 $203.46 10 days 12/28/21
2206 Hardwick Street 6 6 5,931 $875,000 $875,000 $147.53 0 days 1/28/22
1881 Mountainside Drive 4 4 4,735 $795,000 $805,000 $170.01 3 days 1/18/22
960 Coalwood Way 4 5 3,851 $775,000 $800,000 $207.74 18 days 1/7/22
2910 Mill Wood Lane 4 5 5,044 $759,000 $759,000 $150.48 0 days 2/28/22
3961 Buck Mountain Ridge 5 4 4,508 $759,000 $750,000 $166.37 5 days 4/6/22
1095 Deerfield Drive 5 4 4,052 $739,900 $739,900 $182.60 0 days 2/18/22
3575 Evergreen Trail 4 4 3,772 $729,900 $733,000 $194.33 2 days 4/22/22
2258 Scenic Ridge Circle 5 4 4,084 $699,900 $730,000 $178.75 7 days 5/13/22
502 Heartwood Crossing 5 3 3,781 $725,000 $730,000 $193.07 4 days 4/8/22
1524 Lusters Gate Road N/A N/A N/A $200,000 $729,000 $27,100.37 45 days 5/2/22
965 Shilo Way 4 3 3,091 $599,900 $700,000 $226.46 46 days 1/28/22
210 Claire Drive 4 3 2,671 $659,970 $689,994 $258.33 56 days 5/6/22
124 Kinloch Drive 5 4 3,145 $689,040 $689,040 $219.09 0 days 11/23/21
1205 Redbud Road 4 3 3,263 $675,000 $675,000 $206.86 2 days 12/15/21
3720 Oxford Court 3 3 3,046 $672,217 $672,217 $220.69 0 days 1/21/22
Average: 3.6 2.9 2,365 $427,037 $428,539 $202 35 days
Viewing 1 - 25 of 202
Viewing 1 - 25 of 202