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 257 days
2206 S Main Street N/A N/A N/A $3,690,000 $176.78 346 days
1307 North Main Street N/A N/A 15,648 $3,150,000 $201.30 384 days
4255 Fortress Drive 4 7 13,391 $2,850,000 $212.83 2076 days
1700 Mountainside Drive 5 7 8,781 $1,900,000 $216.38 635 days
100 Ardmore Street N/A N/A N/A $1,250,000 $69.54 431 days
5001 Tall Oaks Drive 5 7 4,668 $989,900 $212.06 11 days
2013 Hardwick Street 6 6 4,862 $815,000 $167.63 16 days
TBD Partnership Drive N/A N/A N/A $795,000 $29,531.95 964 days
TBD Partnership Drive N/A N/A N/A $795,000 Unknown 1036 days
1303 Glade Road N/A N/A 4,846 $774,900 $159.91 355 days
2071 Brooksfield Road 4 4 3,906 $739,500 $189.32 31 days
1731 Bishop Road 6 4 4,808 $699,975 $145.59 10 days
505 Forest Hill Drive 6 5 5,406 $619,900 $114.67 25 days
1795 Azalea Drive 4 5 4,190 $609,500 $145.47 139 days
TBD Claire Drive 3 3 3,335 $577,780 $173.25 128 days
504 Floyd Street 4 4 3,441 $545,000 $158.38 3 days
TBD Yellow Sulphur Road N/A N/A N/A $550,000 $49,864.01 178 days
1820 Mountainside Drive 3 2 2,108 $549,900 $260.86 26 days
TBD Claire Drive 3 3 2,700 $509,100 $188.56 257 days
138 Oak Meadow Lane 4 3 2,879 $479,950 $166.71 125 days
128 Oak Meadow Lane 3 3 2,575 $479,950 $186.39 125 days
126 Oak Meadow Lane 4 3 2,879 $479,950 $166.71 125 days
134 Oak Meadow Lane 4 3 2,910 $479,950 $164.93 131 days
401 S Main Street Unit 303 2 2 1,458 $475,000 $325.79 19 days
Average: 3.5 3.5 3,918 $553,854 $198 378 days
Viewing 1 - 25 of 68
Viewing 1 - 25 of 68
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1804 Keisters Branch Road 3 3 3,187 $659,000 $206.78 2 days
3841 Buck Mountain Ridge 6 4 5,132 $639,900 $124.69 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
703 Jefferson Street 4 4 2,682 $599,900 $223.68 56 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
909 Gracelyn Court 4 3 2,307 $559,000 $242.31 4 days
TBD Lot 111 Sheliah Drive 4 4 2,641 $527,314 $199.66 0 days
2404 North Main Street 4 2 3,046 $519,900 $170.68 17 days
6102 Tall Oaks Drive 4 3 2,752 $519,000 $188.59 10 days
845 Southwoods Drive 4 4 4,065 $484,900 $119.29 3 days
TBD Lot 113 Alico Drive 4 3 2,842 $480,857 $169.20 0 days
TBD lot 87 Claire Drive 4 5 2,679 $474,670 $177.18 0 days
TBD Lot 131 Walnut Drive 4 3 2,842 $471,500 $165.90 0 days
TBD Lot 89 Claire Drive 4 4 2,641 $471,500 $178.53 0 days
TBD lot 112 Sheliah Drive 4 3 2,700 $466,619 $172.82 0 days
TBD Lot 93 Claire Drive 4 3 2,641 $462,500 $175.12 0 days
TBD lot 90 Claire Drive 4 3 2,842 $461,500 $162.39 0 days
TBD-Lot 86 Claire Drive 4 3 2,842 $460,000 $161.86 0 days
TBD Lot 91 Claire Drive 4 3 2,842 $458,500 $161.33 0 days
TBD Claire Drive 3 3 2,700 $458,500 $169.81 0 days
TBD Lot 92 Claire Drive 4 3 2,842 $450,500 $158.52 0 days
3401 Belaire Drive 5 5 4,658 $449,500 $96.50 149 days
3775 Millstone Ridge Road 3 3 2,182 $449,000 $205.77 5 days
Average: 3.5 2.9 2,291 $347,649 $182 75 days
Viewing 1 - 25 of 72
Viewing 1 - 25 of 72
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
345 Deercroft Drive 3 4 5,000 $1,350,000 $1,250,000 $250 26 days 10/19/20
205 N Main Street N/A N/A N/A $1,200,000 $1,150,000 $521.54 0 days 10/12/20
2761 Rutherford Drive 4 3 4,431 $935,000 $935,000 $211.01 57 days 12/29/20
350 Deercroft Drive 5 5 4,489 $775,000 $732,500 $163.18 76 days 9/18/20
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
802 Petra Pass 5 4 4,458 $699,999 $650,000 $145.81 108 days 10/30/20
620 Woodland Drive 5 6 3,740 $639,900 $625,000 $167.11 139 days 10/30/20
911 Allendale Court 4 3 3,754 $599,000 $610,000 $162.49 4 days 2/23/21
612 Leisure Lane 6 5 5,274 $619,000 $610,000 $115.66 73 days 10/26/20
2246 Scenic Ridge Circle 4 3 3,634 $605,000 $605,000 $166.48 52 days 1/7/21
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
1776 Mt Tabor Road 4 6 3,996 $660,000 $580,000 $145.15 390 days 11/2/20
2600 Meadowbrook Drive 4 4 3,170 $650,000 $575,000 $181.39 210 days 1/12/21
805 Preston Avenue 4 3 2,436 $565,000 $565,000 $231.94 3 days 10/26/20
3010 Stradford Lane 5 4 4,340 $648,900 $550,000 $126.73 192 days 10/9/20
2250 Scenic Ridge Circle 4 4 3,387 $569,500 $549,500 $162.24 40 days 11/6/20
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: 3.4 2.8 2,171 $350,102 $342,930 $174 55 days
Viewing 1 - 25 of 189
Viewing 1 - 25 of 189