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 317 days
2206 S Main Street N/A N/A N/A $3,690,000 $176.78 406 days
4255 Fortress Drive 4 7 13,391 $2,850,000 $212.83 2136 days
801 S Main Street N/A N/A 7,200 $2,200,000 $305.56 49 days
411 Sterling Heights Lane 5 5 5,455 $1,590,000 $291.48 3 days
901 Coalwood Way 6 5 6,604 $1,589,000 $240.61 46 days
1071 Treetop Ridge Road 4 4 4,856 $1,449,000 $298.39 16 days
205 Otey Street 4 2 3,120 $1,290,000 $413.46 49 days
1100 Treetop Ridge Road 6 6 5,193 $1,275,000 $245.52 54 days
100 Ardmore Street N/A N/A N/A $1,250,000 $69.54 491 days
5001 Tall Oaks Drive 5 7 4,668 $979,900 $209.92 71 days
1303 N Main Street N/A N/A N/A $900,000 $501.39 30 days
1881 Mountainside Drive 4 4 4,815 $875,000 $181.72 11 days
1303 Glade Road N/A N/A 4,846 $774,900 $159.91 415 days
1931 Plank Drive 5 5 4,413 $749,900 $169.93 10 days
4525 W Benoit Drive 4 4 3,796 $740,000 $194.94 31 days
2071 Brooksfield Road 4 4 3,906 $739,500 $189.32 91 days
4560 Chowning Trail 5 4 3,900 $699,000 $179.23 28 days
105 Lee Street Unit 2 3 3 1,532 $650,000 $424.28 30 days
1229 Redbud Road 5 4 3,996 $635,000 $158.91 0 days
2009 Hardwick Street 5 4 3,572 $629,000 $176.09 0 days
2970 Mill Wood Lane 5 5 4,250 $585,000 $137.65 7 days
603 Lucas Drive 5 5 3,765 $549,900 $146.06 56 days
1820 Mountainside Drive 3 2 2,108 $549,900 $260.86 86 days
TBD Sheliah Drive 4 4 2,706 $539,400 $199.33 169 days
Average: 3.6 3.4 3,070 $565,111 $224 264 days
Viewing 1 - 25 of 85
Viewing 1 - 25 of 85
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
604 Jefferson Street 4 5 5,384 $1,400,000 $260.03 8 days
855 Deercroft Drive 4 4 3,971 $849,900 $214.03 6 days
301 S Main Street Unit 305 2 2 1,458 $675,000 $462.96 0 days
605 Jefferson Street 6 5 3,809 $650,000 $170.65 8 days
102 Cohee Road 4 3 3,480 $647,500 $186.06 28 days
907 Willard Drive Se 5 3 3,068 $634,500 $206.81 2 days
TBD Claire #97 Drive 5 4 4,123 $634,062 $153.79 0 days
441 Big Sky Trail 3 2 2,420 $619,000 $255.79 250 days
1731 Bishop Road 6 4 4,808 $600,000 $124.79 30 days
2965 Mill Wood Lane 5 4 3,069 $579,900 $188.95 26 days
405 Murphy Street 4 4 3,532 $575,000 $162.80 9 days
TBD Lot 132 Walnut Drive 4 4 2,875 $574,762 $199.92 0 days
311 Reynolds Avenue N/A N/A 4,176 $550,000 $131.70 8 days
911 Redbud Road 5 4 3,979 $539,000 $135.46 3 days
1605 Lark Lane N/A N/A 3,936 $535,000 $135.92 0 days
703 Knob Hill Drive 5 4 3,532 $530,000 $150.06 1 day
TBD Lot 111 Sheliah Drive 4 4 2,641 $527,314 $199.66 0 days
1719 Honeysuckle Drive 3 3 2,419 $525,000 $217.03 4 days
401 Hearthstone Drive 5 4 3,250 $524,900 $161.51 7 days
115 Primrose Drive 4 4 2,989 $515,000 $172.30 3 days
2906 Lancaster Drive 4 3 2,738 $510,000 $186.27 8 days
405 Cedar Orchard Drive W 5 3 3,100 $489,000 $157.74 5 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
TBD lot 87 Claire Drive 4 5 2,679 $474,670 $177.18 0 days
Average: 3.5 2.9 2,350 $381,746 $181 48 days
Viewing 1 - 25 of 101
Viewing 1 - 25 of 101
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
1161 S Jefferson Forest Lane 7 9 12,776 $1,850,000 $1,500,000 $117.41 457 days 1/22/21
3151 Pandapas Pond Road N/A N/A N/A $1,300,000 $1,300,000 $25 0 days 12/15/20
2761 Rutherford Drive 4 3 4,431 $935,000 $935,000 $211.01 57 days 12/29/20
1218 Redbud Road 5 5 2,916 $720,000 $720,000 $246.91 0 days 12/4/20
3001 Wakefield Drive 5 4 4,628 $698,500 $698,500 $150.93 5 days 1/19/21
1804 Keisters Branch Road 3 3 3,187 $659,000 $659,000 $206.78 2 days 3/17/21
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
911 Allendale Court 4 3 3,754 $599,000 $610,000 $162.49 4 days 2/23/21
2246 Scenic Ridge Circle 4 3 3,634 $605,000 $605,000 $166.48 52 days 1/7/21
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
705 Jefferson Street 4 4 2,717 $590,000 $590,000 $217.15 0 days 11/17/20
905 Willard Drive 4 3 3,146 $579,000 $586,000 $186.27 2 days 11/25/20
408 Vinyard Avenue 4 3 3,233 $625,000 $583,000 $180.33 98 days 12/22/20
1795 Azalea Drive 4 5 4,190 $609,500 $582,500 $139.02 148 days 4/28/21
2600 Meadowbrook Drive 4 4 3,170 $650,000 $575,000 $181.39 210 days 1/12/21
4160 Fortress Drive 4 3 3,487 $565,000 $572,500 $164.18 0 days 5/3/21
909 Gracelyn Court 4 3 2,307 $559,000 $559,000 $242.31 4 days 4/16/21
830 Coalwood Way 4 3 2,526 $555,000 $555,000 $219.71 0 days 4/1/21
TBD Yellow Sulphur Road N/A N/A N/A $550,000 $550,000 $49,864.01 197 days 4/26/21
1305 Wren Court 4 3 3,581 $565,000 $547,500 $152.89 37 days 12/22/20
305 Little Circle 4 4 3,025 $559,000 $546,000 $180.50 73 days 12/9/20
3840 Buck Mountain Ridge 6 5 4,964 $569,900 $545,000 $109.79 164 days 11/12/20
Average: 3.3 2.7 2,049 $326,650 $322,033 $182 59 days
Viewing 1 - 25 of 195
Viewing 1 - 25 of 195