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
1801 Toms Creek Road N/A N/A N/A $8,774,900 $64,999.26 30 days
205 S Main Street N/A N/A N/A $5,950,000 $248.54 29 days
4255 Fortress Drive 4 7 13,391 $3,525,000 $263.24 175 days
1107 N Main Street N/A N/A N/A $3,480,000 $690.89 1668 days
111 Cohee Road 6 7 5,350 $2,800,000 $523.36 221 days
335 Deercroft Drive 5 5 8,100 $2,000,000 $246.91 293 days
1345 Falcon Ridge Road 5 6 6,585 $1,990,000 $302.20 139 days
401 Deercroft Drive 5 5 5,996 $1,499,000 $250 19 days
2075 Brooksfield Road 5 5 4,545 $1,485,000 $326.73 41 days
4000 River Rise Road 3 3 2,690 $1,400,000 $520.45 72 days
3966 Prices Fork Road N/A N/A N/A $1,395,000 Unknown 926 days
3202-3204 Mathews Lane 6 3 3,519 $1,380,000 $392.16 87 days
855 Deercroft Drive 4 4 3,971 $1,300,000 $327.37 154 days
1348 Cranberry Lane 6 8 7,365 $1,199,000 $162.80 338 days
535 Belvedere Avenue 4 5 2,894 $1,177,372 $406.83 222 days
Average: 3.8 3.4 2,882 $743,089 $248 127 days
Viewing 1 - 15 of 142
Viewing 1 - 15 of 142
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
500 Quailwood Drive 5 4 4,437 $1,250,000 $281.72 52 days
829 Davis Street N/A N/A N/A $1,100,000 $250 7 days
531 Belvedere Avenue 4 5 2,894 $978,631 $338.16 26 days
902 Petra Pass 4 5 4,134 $968,680 $234.32 1 day
609 Kelly Lane 4 4 3,375 $934,000 $276.74 59 days
530 Wood Haven Court 4 4 3,942 $879,000 $222.98 96 days
3356 Natalies Way 3 3 2,687 $769,430 $286.35 24 days
817 Hutcheson Drive 7 5 4,855 $750,000 $154.48 106 days
605 Leisure Lane 6 4 3,540 $749,900 $211.84 3 days
1302 Village Way S 4 4 3,486 $749,500 $215 93 days
Average: 3.8 3.1 2,508 $1,230,621 $243 192 days
Viewing 1 - 15 of 48
Viewing 1 - 15 of 48
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
399 Deercroft Drive 4 6 9,231 $1,980,000 $1,940,000 $210.16 317 days 8/11/26
850 Bishop Road 4 4 3,446 $1,850,000 $1,585,000 $459.95 55 days 9/4/26
610 Kelly Lane 4 5 5,248 $1,698,000 $1,550,000 $295.35 25 days 8/25/26
701 Bishop Road 4 3 3,320 $1,740,000 $1,500,000 $451.81 78 days 8/4/26
501 Mill Pointe Road 4 5 4,764 $1,395,000 $1,395,000 $292.82 6 days 6/26/26
1162 Arrington Road 5 5 3,540 $1,325,000 $1,325,000 $374.29 1 day 8/25/26
428 E Roanoke Street N/A N/A 4,350 $1,399,000 $1,290,000 $296.55 19 days 6/18/26
1250 Treetop Ridge Road 4 5 3,275 $1,250,000 $1,175,000 $358.78 18 days 8/4/26
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
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
Average: 3.5 2.9 2,255 $522,895 $509,881 $244 44 days
Viewing 1 - 15 of 246
Viewing 1 - 15 of 246