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
4255 Fortress Drive 4 7 13,391 $3,525,000 $263.24 130 days
1107 N Main Street N/A N/A N/A $3,480,000 $690.89 1623 days
111 Cohee Road 6 7 5,350 $2,800,000 $523.36 176 days
335 Deercroft Drive 5 5 8,100 $2,000,000 $246.91 248 days
1345 Falcon Ridge Road 5 6 6,585 $1,990,000 $302.20 94 days
4000 River Rise Road 3 3 2,690 $1,400,000 $520.45 27 days
3000 Glade Road 4 4 5,032 $1,395,000 $277.23 149 days
3966 Prices Fork Road N/A N/A N/A $1,395,000 Unknown 881 days
3202-3204 Mathews Lane 6 3 3,519 $1,380,000 $392.16 42 days
4565 Chowning Trail 4 4 3,769 $1,349,900 $358.16 318 days
855 Deercroft Drive 4 4 3,971 $1,300,000 $327.37 109 days
214 Mateer Circle 6 5 4,967 $1,200,000 $241.59 241 days
1348 Cranberry Lane 6 8 7,365 $1,200,000 $162.93 293 days
535 Belvedere Avenue 4 5 2,894 $1,177,372 $406.83 177 days
2213 Birch Leaf Lane 6 6 4,923 $1,175,000 $238.68 49 days
Average: 3.8 3.5 2,903 $657,318 $250 130 days
Viewing 1 - 15 of 133
Viewing 1 - 15 of 133
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
702 University City Boulevard N/A N/A N/A $11,875,000 $163.12 612 days
TBD Toms Creek Road N/A N/A N/A $9,401,990 $65,011.69 1450 days
TBD Farmingdale Lane N/A N/A N/A $5,747,500 $64,892.18 1307 days
TBD Strider Lane N/A N/A N/A $5,300,400 $41,024.77 1310 days
TBD Hidden Valley Drive N/A N/A N/A $3,880,500 $65,438.45 1450 days
399 Deercroft Drive 4 6 9,231 $1,980,000 $214.49 317 days
850 Bishop Road 4 4 3,446 $1,850,000 $536.85 55 days
701 Bishop Road 4 3 3,320 $1,740,000 $524.10 78 days
610 Kelly Lane 4 5 5,248 $1,698,000 $323.55 25 days
428 Roanoke Street E N/A N/A 4,350 $1,399,000 $321.61 19 days
500 Quailwood Drive 5 4 4,437 $1,250,000 $281.72 52 days
1250 Treetop Ridge Road 4 5 3,275 $1,250,000 $381.68 18 days
2201 Birch Leaf Lane 6 5 4,680 $998,500 $213.35 78 days
531 Belvedere Avenue 4 5 2,894 $978,631 $338.16 26 days
609 Kelly Lane 4 4 3,375 $934,000 $276.74 59 days
Average: 3.6 3.0 2,484 $1,042,459 $258 130 days
Viewing 1 - 15 of 72
Viewing 1 - 15 of 72
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
932 Mount Mission Church Road 5 7 8,559 $3,400,000 $3,132,500 $365.99 45 days 3/16/26
501 Mill Pointe Road 4 5 4,764 $1,395,000 $1,395,000 $292.82 6 days 6/26/26
602 Jefferson Street 4 5 3,960 $1,350,000 $1,350,000 $340.91 1 day 2/10/26
343 Eheart Street Se 3 4 3,508 $1,250,000 $1,260,000 $359.18 60 days 3/3/26
1701 Masada Way 4 5 4,233 $1,175,000 $1,175,000 $277.58 0 days 3/11/26
2584 Glade Road 4 4 4,364 $1,200,000 $1,125,000 $257.79 6 days 5/12/26
2206 Hardwick Street 6 6 5,931 $1,075,000 $1,000,000 $168.61 50 days 7/1/26
213 Vinyard Avenue 5 5 5,550 $995,000 $990,000 $178.38 0 days 3/3/26
416 Vinyard Avenue 6 5 4,529 $989,900 $989,900 $218.57 143 days 4/24/26
2065 Plank Drive 5 5 4,314 $989,900 $981,900 $227.61 3 days 6/24/26
500 Draper Road Sw 5 3 3,568 $975,000 $950,000 $266.26 27 days 7/2/26
3004 Wakefield Drive 5 5 4,726 $997,000 $945,200 $200 46 days 6/10/26
802 Petra Pass 5 4 4,386 $944,000 $944,000 $215.23 0 days 6/16/26
510 Floyd Street 4 3 3,437 $972,000 $940,000 $273.49 13 days 4/22/26
2115 Plank Drive 4 4 4,400 $990,000 $940,000 $213.64 169 days 5/14/26
Average: 3.5 2.9 2,197 $512,044 $503,658 $243 48 days
Viewing 1 - 15 of 216
Viewing 1 - 15 of 216