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
702 University City Boulevard N/A N/A N/A $11,875,000 $163.12 33 days
TBD Toms Creek Road N/A N/A N/A $9,401,990 $65,011.69 570 days
TBD Farmingdale Lane N/A N/A N/A $5,747,500 $64,892.18 570 days
TBD Strider Lane N/A N/A N/A $5,300,400 $41,024.77 570 days
118 S Main Street N/A N/A N/A $4,600,000 $224.61 411 days
TBD Hidden Valley Drive N/A N/A N/A $3,880,500 $65,438.45 570 days
1107 N Main Street N/A N/A N/A $3,480,000 $690.89 593 days
TBD Farmingdale Lane N/A N/A N/A $3,245,000 $42,529.49 552 days
4255 Fortress Drive 4 7 13,391 $3,150,000 $235.23 3013 days
604 Mabry Lane N/A N/A N/A $1,900,000 Unknown 831 days
901 Coalwood Way 6 5 6,604 $1,450,000 $219.56 163 days
1510 Highland Circle 4 5 5,293 $1,195,000 $225.77 27 days
205 Otey Street 6 2 3,120 $1,100,000 $352.56 212 days
100 Eheart Street Se N/A N/A N/A $995,000 Unknown 212 days
100 N Main Street Unit 302 3 3 1,800 $899,998 $500 59 days
3111 Alice Drive 4 4 3,660 $899,000 $245.63 574 days
403 Cohee Road 9 6 7,109 $879,900 $123.77 91 days
301 Rucker Road 4 4 3,710 $837,500 $225.74 64 days
4525 W Benoit Trail 5 4 4,120 $819,000 $198.79 23 days
801 N Main Street N/A N/A N/A $800,000 $308.64 39 days
1111 Progress Street Nw N/A N/A 3,223 $799,000 $247.91 26 days
1205 Cedar Orchard Drive 4 3 3,607 $785,000 $217.63 10 days
1107 Eheart Street 5 4 3,226 $779,900 $241.75 20 days
1704 Hollow Oak Court 5 4 4,098 $749,900 $182.99 11 days
212 Claire Drive 4 4 2,952 $724,960 $245.58 146 days
Average: 3.9 3.1 2,985 $986,817 $234 261 days
Viewing 1 - 25 of 91
Viewing 1 - 25 of 91
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
350 Midtown Way N/A N/A 3,533 $1,178,639 $333.61 0 days
350 Deercroft Drive 5 5 4,703 $1,040,000 $221.14 3 days
120 Professional Park Drive Se N/A N/A N/A $915,000 $185.90 91 days
2107 Reagan Road 5 4 3,516 $750,000 $213.31 4 days
514 Belvedere Avenue Unit 514 3 3 2,487 $655,702 $263.65 412 days
916 Kentwood Drive 4 4 2,246 $650,000 $289.40 131 days
4340 Preston Forest Drive 4 3 2,967 $649,900 $219.04 36 days
1610 Westover Drive 4 4 2,850 $627,500 $220.18 6 days
3823 Indian Meadow Drive 4 3 2,160 $620,000 $287.04 3 days
1760 Kyles Way 4 3 2,772 $567,344 $204.67 0 days
3040 Natalies Way Unit Lot 565 4 3 2,772 $562,000 $202.74 0 days
1807 Asher Lane 4 3 1,886 $555,000 $294.27 58 days
132 Oak Meadow Lane 4 3 2,879 $525,950 $182.68 432 days
702 Cedarview Drive 3 3 2,956 $499,000 $168.81 2 days
513 Cranwell Circle 5 3 2,592 $489,900 $189 5 days
404 Red Maple Drive 5 5 3,400 $489,000 $143.82 5 days
401 Stonegate Drive 4 3 2,776 $485,000 $174.71 16 days
6270 Mccoy Road 4 3 3,416 $449,000 $131.44 11 days
2213 Whitney Court 3 3 2,997 $410,000 $136.80 40 days
1002 Roanoke Street E 6 3 3,404 $399,900 $117.48 101 days
624 Watson Lane 5 3 3,164 $399,500 $126.26 48 days
309 Courtney Circle 4 4 2,156 $385,000 $178.57 3 days
401 S Main Street Unit 210 1 1 980 $375,000 $382.65 28 days
2310 San Marcos Street 4 2 1,734 $360,000 $207.61 2 days
2011 Kyles Way Unit 111 3 3 1,570 $354,990 $226.11 1 day
Average: 3.8 3.1 2,512 $445,133 $211 92 days
Viewing 1 - 25 of 39
Viewing 1 - 25 of 39
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
1861 Augusta National Drive 5 5 4,466 $1,399,000 $1,325,000 $296.69 7 days 9/1/23
1200 Falcon Ridge Road 4 4 5,001 $1,000,000 $995,000 $198.96 53 days 4/27/23
1240 Treetop Ridge Road 4 6 4,170 $1,065,000 $985,000 $236.21 59 days 6/9/23
516 Belvedere Avenue Unit 516 4 5 3,033 $779,403 $981,994 $323.77 0 days 8/24/23
5005 Forsythia Place 6 5 5,440 $968,305 $968,305 $178 0 days 7/24/23
801 Sw Draper Road Sw 4 5 3,836 $1,000,000 $950,000 $247.65 211 days 5/3/23
214 Mateer Circle 5 5 4,967 $989,000 $945,000 $190.26 24 days 9/29/23
608 Willard Drive 5 5 4,388 $948,000 $938,000 $213.76 10 days 8/21/23
1850 Augusta National Road 5 4 3,801 $935,000 $927,500 $244.01 12 days 6/8/23
1804 Augusta National Drive 4 4 4,459 $925,000 $925,000 $207.45 1 day 6/23/23
808 Preston Avenue 5 4 3,420 $925,000 $925,000 $270.47 7 days 6/5/23
4003 Tall Oaks Drive 4 4 4,344 $899,000 $920,000 $211.79 4 days 6/14/23
212 Alico Drive 4 4 2,811 $814,900 $916,531 $326.05 0 days 7/21/23
524 Belvedere Avenue N/A N/A 3,000 $903,772 $903,938 $301.31 0 days 8/16/23
2271 Scenic Ridge Circle 7 5 5,268 $899,000 $887,000 $168.38 13 days 7/17/23
2560 Woodland Hills Drive 5 4 4,365 $859,000 $880,000 $201.60 3 days 9/22/23
206 Claire Drive 3 3 2,751 $852,505 $876,441 $318.59 26 days 6/1/23
1216 Brockton Street 5 6 5,126 $850,000 $875,000 $170.70 3 days 4/4/23
505 Southgate Drive 3 3 3,549 $874,900 $874,900 $246.52 2 days 5/3/23
1931 Plank Drive 5 5 4,413 $875,000 $860,000 $194.88 7 days 7/25/23
510 Belvedere Avenue Unit 110 3 5 2,586 $776,259 $839,387 $324.59 0 days 9/5/23
1214 Brockton Street 5 4 3,502 $829,900 $835,000 $238.44 2 days 6/13/23
301 Little Circle 4 4 4,229 $829,000 $820,000 $193.90 7 days 8/15/23
1303 N Main Street N/A N/A N/A $999,900 $820,000 $456.82 26 days 5/16/23
216 Claire Drive 5 5 3,663 $736,589 $809,487 $220.99 0 days 4/28/23
Average: 3.5 3.0 2,382 $473,283 $472,678 $214 34 days
Viewing 1 - 25 of 259
Viewing 1 - 25 of 259