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 $65,011.69 203 days
118 S Main Street N/A N/A N/A $6,000,000 $292.97 44 days
TBD Farmingdale Lane N/A N/A N/A $5,747,500 $64,892.18 203 days
TBD Strider Lane N/A N/A N/A $5,300,400 $41,024.77 203 days
702 University City Boulevard N/A N/A N/A $4,250,000 $250 233 days
TBD Hidden Valley Drive N/A N/A N/A $3,880,500 $65,438.45 203 days
1107 N Main Street N/A N/A N/A $3,500,000 $694.86 226 days
4255 Fortress Drive 4 7 13,391 $3,150,000 $235.23 2646 days
TBD Farmingdale Lane N/A N/A N/A $2,979,000 $39,043.25 185 days
1311 Giles Road N/A N/A 14,900 $2,290,000 $153.69 150 days
1311 Giles Road N/A N/A N/A $2,290,000 $8,674.24 150 days
604 Mabry Lane N/A N/A N/A $1,900,000 Unknown 464 days
901 Coalwood Way 6 5 6,604 $1,679,000 $254.24 232 days
301 Farmingdale Lane 1 1 481 $1,100,000 $2,286.90 54 days
801 Sw Draper Road Sw 4 5 3,836 $1,100,000 $286.76 64 days
3111 Alice Drive 4 4 3,660 $995,000 $271.86 207 days
401 Draper Road Sw N/A N/A N/A $980,000 $298.78 108 days
2025 Plank Drive 4 4 3,697 $945,000 $255.61 69 days
1950 Westminster Court 4 4 3,590 $874,900 $243.70 97 days
203 Spickard Street 6 6 5,374 $869,000 $161.70 11 days
1157 Taylor Hollow Road 3 3 2,668 $848,000 $317.84 344 days
3841 Buck Mountain Ridge 5 4 5,132 $799,900 $155.87 0 days
922 Kabrich Street Nw N/A N/A 3,306 $799,000 $241.68 34 days
204 Claire Drive 5 4 3,868 $795,000 $205.53 34 days
1005 Madison Lane 5 5 4,221 $779,000 $184.55 74 days
Average: 3.4 3.1 2,991 $910,956 $267 200 days
Viewing 1 - 25 of 94
Viewing 1 - 25 of 94
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
3930 Horse Farm Road 6 7 5,925 $1,500,000 $253.16 145 days
1936 High Ridge Drive 5 6 5,999 $1,250,000 $208.37 4 days
350 Midtown Way N/A N/A 3,533 $1,178,639 $333.61 0 days
516 Belvedere Avenue Unit 516 4 5 3,033 $779,403 $256.97 0 days
520 Belvedere Avenue Unit 520 4 5 3,033 $770,568 $254.06 0 days
709 Cedarview Drive 5 5 5,146 $765,000 $148.66 34 days
206 Claire Drive 3 3 2,751 $754,201 $274.16 26 days
216 Claire Drive 5 5 3,663 $736,589 $201.09 0 days
208 Claire Drive 5 5 3,663 $704,668 $192.37 147 days
4971 Preston Forest Drive 4 4 3,460 $685,000 $197.98 95 days
2320 Woodland Hills Drive 4 3 4,147 $669,900 $161.54 80 days
514 Belvedere Avenue Unit 514 3 3 2,487 $655,702 $263.65 45 days
1531 Nicholas Way 4 3 2,958 $650,000 $219.74 21 days
208 Alico Drive 4 3 2,641 $637,988 $241.57 69 days
209 Alico Drive 3 3 2,623 $637,508 $243.05 1 day
332 Midtown Way Unit 332 3 3 2,487 $627,268 $252.22 0 days
200 Alico Drive 4 3 2,661 $626,937 $235.60 0 days
336 Midtown Way Unit 336 3 3 2,487 $623,991 $250.90 0 days
565 Brush Mountain Road 5 4 3,478 $589,900 $169.61 16 days
912 Kentwood Drive 4 4 2,105 $559,900 $265.99 4 days
4510 Preston Forest Drive 4 4 4,258 $529,900 $124.45 23 days
404 Pleasant View Circle 3 4 2,602 $525,000 $201.77 69 days
604 Gigi Drive 4 3 2,740 $525,000 $191.61 104 days
1603 Winslow Drive 4 4 2,667 $469,000 $175.85 87 days
334 Midtown Way Unit 334 3 3 1,504 $464,066 $308.55 0 days
Average: 3.6 3.3 2,467 $489,839 $220 47 days
Viewing 1 - 25 of 57
Viewing 1 - 25 of 57
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
1108 N Main Street N/A N/A N/A $1,250,000 $1,250,000 $336.93 214 days 7/28/22
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
1131 Treetop Ridge Road 4 4 3,884 $899,998 $905,000 $233.01 13 days 6/1/22
604 Preston Avenue 5 3 3,816 $929,000 $900,000 $235.85 48 days 6/30/22
1870 Mountainside Drive 5 5 5,568 $950,000 $900,000 $161.64 13 days 6/30/22
1218 Redbud Road 6 5 4,631 $925,000 $895,000 $193.26 5 days 9/20/22
1850 Augusta National Road 5 4 3,801 $885,000 $885,000 $232.83 0 days 7/22/22
204 Claire Drive 5 4 3,956 $804,900 $880,241 $222.51 37 days 6/29/22
1210 Cedar Orchard Drive E 6 4 4,976 $849,900 $864,900 $173.81 2 days 6/24/22
3900 Mountain Laurel Ridge 4 4 3,660 $849,998 $849,000 $231.97 6 days 7/1/22
2134 Big Vein Road 4 4 3,612 $895,000 $825,000 $228.41 56 days 7/19/22
1212 Brockton Street 5 4 4,507 $775,000 $815,000 $180.83 3 days 5/27/22
611 Woodland Drive 5 6 4,232 $799,500 $799,500 $188.92 204 days 9/21/22
1908 Shadow Lake Road N/A N/A 5,500 $870,000 $790,000 $143.64 58 days 7/1/22
4227 Pearman Road 4 4 3,952 $795,000 $785,000 $198.63 9 days 7/29/22
409 Heartwood Crossing 5 4 3,695 $735,000 $761,000 $205.95 3 days 6/15/22
301 S Main Street Unit 307 2 2 1,725 $774,000 $760,000 $440.58 2 days 6/15/22
1810 Asher Lane 5 5 4,656 $739,000 $750,000 $161.08 0 days 7/15/22
3961 Buck Mountain Ridge 5 4 4,508 $759,000 $750,000 $166.37 5 days 4/6/22
3575 Evergreen Trail 4 4 3,772 $729,900 $733,000 $194.33 2 days 4/22/22
400 Pleasant View Circle 4 3 3,382 $725,000 $730,000 $215.85 4 days 8/5/22
1102 Deerfield Drive 4 3 3,424 $695,000 $730,000 $213.20 4 days 6/14/22
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
Average: 3.6 2.9 2,390 $444,128 $451,123 $204 20 days
Viewing 1 - 25 of 240
Viewing 1 - 25 of 240