Blacksburg market report

Blacksburg housing market, July 2007.

In July 2007, 71 homes sold in Blacksburg at a median price of $220,000. In July 2006, 59 homes sold at a median of $252,000. Homes that sold spent a median of 38 days on the market and sold for a median of 98% of their original asking price.

71

Homes sold

59 a year earlier

$220K

Median sale price

Down 13% from a year earlier

$127

Per square foot

Median, sold homes

38

Days on market

Median, sold homes

98%

Of asking price

Median sale to original list

39

New listings

Homes listed this month

Homes in Blacksburg ZIP codes 24060 to 24063 that closed in July 2007. Land excluded.

July 2007

The month in charts.

Sales by type: 44 single-family houses, 19 townhouses and 8 condos.

Median sale price by month

The 13 months through July 2007. Single months move around; the market page shows the 12-month trend.

Median home sale price in Blacksburg by month, 13 months through July 2007Jul 06: $252K. Jul 07: $220K. Lowest $181K (Aug 06), highest $275K (Nov 06).Jul 06: $252KAug 06: $181KSep 06: $199KOct 06: $215KNov 06: $275KDec 06: $198KJan 07: $223KFeb 07: $231KMar 07: $230KApr 07: $222KMay 07: $239KJun 07: $250KJul 07: $220K
Median home sale price in Blacksburg by month, 13 months through July 2007
PeriodMedian sale price
Jul 06$252K
Aug 06$181K
Sep 06$199K
Oct 06$215K
Nov 06$275K
Dec 06$198K
Jan 07$223K
Feb 07$231K
Mar 07$230K
Apr 07$222K
May 07$239K
Jun 07$250K
Jul 07$220K

Homes sold per month

July 2007 highlighted.

Homes sold in Blacksburg per month, 13 months through July 2007Jul 06: 59. Jul 07: 71. Lowest 25 (Oct 06), highest 80 (Aug 06).Jul 06: 59Aug 06: 80Sep 06: 30Oct 06: 25Nov 06: 36Dec 06: 46Jan 07: 25Feb 07: 30Mar 07: 48Apr 07: 47May 07: 65Jun 07: 74Jul 07: 71
Homes sold in Blacksburg per month, 13 months through July 2007
PeriodHomes sold
Jul 0659
Aug 0680
Sep 0630
Oct 0625
Nov 0636
Dec 0646
Jan 0725
Feb 0730
Mar 0748
Apr 0747
May 0765
Jun 0774
Jul 0771

Sales by price

July 2007.

  • Under $250K 45 sold
  • $250K to $350K 15 sold
  • $350K to $500K 9 sold
  • $750K to $1M 2 sold

Sales by neighborhood

Neighborhoods with the most sales in July 2007.

Sales

The latest 40 sales.

Final sale prices, newest first.

Homes sold in Blacksburg in July 2007
AddressNeighborhoodSoldPriceBeds / bathsSq ftPer sq ft
Honeysuckle DriveListing courtesy of Long & Foster - Blacksburg The Village at Tom's Creek $319,900 3 bd / 2.5 ba 2,085 sq ft $153/sq ft
BrookListing courtesy of Fralin & Waldron Inc. Brookfield Village $309,950 4 bd / 2.5 ba 2,010 sq ft $154/sq ft
PalmerListing courtesy of Long & Foster - Blacksburg $299,750 3 bd / 2.5 ba 1,820 sq ft $165/sq ft
WelleslyListing courtesy of Graham & David Real Estate Inc Haymarket Square $187,500 3 bd / 3 ba 1,875 sq ft $100/sq ft
Laurence LnListing courtesy of NextHome New River Valley $184,000 4 bd / 2.5 ba 1,500 sq ft $123/sq ft
RoseListing courtesy of Long & Foster - Blacksburg Airport Acres $179,000 3 bd / 1 ba 1,078 sq ft $166/sq ft
JanieListing courtesy of Coldwell Banker Townside Bburg Pheasant Run $175,500 4 bd / 2.5 ba 1,480 sq ft $119/sq ft
Patrick HenryListing courtesy of Long & Foster - Blacksburg $174,500 4 bd / 3 ba 1,280 sq ft $136/sq ft
Clover Valley CirListing courtesy of Coldwell Banker Townside Bburg Clover Valley $139,000 4 bd / 2.5 ba 1,480 sq ft $94/sq ft
Newport TerraceListing courtesy of Prudential Radford & Associates-Blacksburg University Place $125,000 3 bd / 2 ba 970 sq ft $129/sq ft
LucasListing courtesy of Long & Foster - Blacksburg Springdale Addition $104,000 2 bd / 1 ba 1,040 sq ft $100/sq ft
ReaganListing courtesy of Long & Foster - Blacksburg Wyatt Farm $440,000 5 bd / 3.5 ba 3,362 sq ft $131/sq ft
HoneysuckleListing courtesy of RE/MAX Allegiance, Blacksburg The Village at Tom's Creek $314,900 3 bd / 2.5 ba 2,085 sq ft $151/sq ft
NeilListing courtesy of RE/MAX 8 - Blacksburg $282,500 4 bd / 3 ba 2,930 sq ft $96/sq ft
College View DriveListing courtesy of RE/MAX 8 - Blacksburg $220,000 3 bd / 2 ba 1,285 sq ft $171/sq ft
Christine CourtListing courtesy of Coldwell Banker Townside Bburg Pheasant Run Crossing $179,900 4 bd / 2.5 ba 1,500 sq ft $120/sq ft
Ridge RoadListing courtesy of Long & Foster - Blacksburg Ramble Ridge $140,000 3 bd / 2.5 ba 1,300 sq ft $108/sq ft
CascadeListing courtesy of Coldwell Banker Townside Bburg University Place $120,000 3 bd / 2 ba 980 sq ft $122/sq ft
Sussex RdListing courtesy of Long & Foster - Blacksburg Carriage Hill $117,000 2 bd / 1.5 ba 1,200 sq ft $98/sq ft
Primrose DriveListing courtesy of Long & Foster - Blacksburg Countryside Estates $410,000 3 bd / 2.5 ba 3,760 sq ft $109/sq ft
South Knollwood DriveListing courtesy of Long & Foster - Blacksburg $188,000 3 bd / 2 ba 1,251 sq ft $150/sq ft
University TerListing courtesy of Long & Foster - Blacksburg University Terrace $118,500 4 bd / 2 ba 1,071 sq ft $111/sq ft
Lucas DrListing courtesy of Coldwell Banker Townside Bburg $93,000 2 bd / 1 ba 858 sq ft $108/sq ft
Primrose DriveListing courtesy of Coldwell Banker Townside Bburg Countryside Estates $435,000 5 bd / 4.5 ba 4,439 sq ft $98/sq ft
LucasListing courtesy of Long & Foster - Blacksburg Dickerson $264,700 3 bd / 2 ba 2,104 sq ft $126/sq ft
BishopListing courtesy of RE/MAX Allegiance, Blacksburg $236,500 3 bd / 2 ba 1,856 sq ft $127/sq ft
Giles RoadListing courtesy of Coldwell Banker Townside Bburg $235,000 3 bd / 2 ba 1,496 sq ft $157/sq ft
Whipple DriveListing courtesy of Long & Foster - Blacksburg Echols Village $200,600 3 bd / 2.5 ba 1,452 sq ft $138/sq ft
CourtneyListing courtesy of Long & Foster - Blacksburg Echols Village $189,900 3 bd / 2.5 ba 1,408 sq ft $135/sq ft
JanieListing courtesy of Coldwell Banker Townside Bburg Pheasant Run $177,900 4 bd / 2.5 ba 1,480 sq ft $120/sq ft
RidgeListing courtesy of Coldwell Banker Townside Bburg Ramble Ridge $150,000 3 bd / 2.5 ba 1,300 sq ft $115/sq ft
AlgonquinListing courtesy of Prudential Radford & Associates-Blacksburg Shenandoah $320,000 4 bd / 2.5 ba 2,630 sq ft $122/sq ft
ProgressListing courtesy of RE/MAX Allegiance, Blacksburg $247,000 3 bd / 2 ba 1,521 sq ft $162/sq ft
GloucesterListing courtesy of RE/MAX Allegiance, Blacksburg Pilgrim's Pointe $240,000 4 bd / 3 ba 2,840 sq ft $85/sq ft
CourtneyListing courtesy of Long & Foster - Blacksburg Echols Village $209,300 3 bd / 2.5 ba 1,632 sq ft $128/sq ft
GravesListing courtesy of Coldwell Banker Townside Bburg $117,900 1 bd / 1 ba 700 sq ft $168/sq ft
Kings Arm LnListing courtesy of Coldwell Banker Townside Bburg Preston Forest $775,000 5 bd / 4.5 ba 4,854 sq ft $160/sq ft
Coalwood WayListing courtesy of Coldwell Banker Townside Bburg Coal Bank Ridge $882,000 5 bd / 4.5 ba 6,600 sq ft $134/sq ft
ElliottListing courtesy of RE/MAX Allegiance, Blacksburg Apperson $470,000 6 bd / 4 ba 5,084 sq ft $92/sq ft
AlleghanyListing courtesy of RE/MAX Allegiance, Blacksburg $295,000 3 bd / 2.5 ba 1,909 sq ft $155/sq ft

FAQ

Questions? Answers.

What was the median home price in Blacksburg in July 2007?

The median sale price for homes in Blacksburg in July 2007 was $220,000, across 71 sales on record (land excluded). A year earlier, in July 2006, it was $252,000.

How many homes sold in Blacksburg in July 2007?

71 homes sold in Blacksburg in July 2007, compared with 74 in June 2007 and 59 in July 2006.

How fast did homes sell in Blacksburg in July 2007?

Homes that sold in July 2007 spent a median of 38 days on the market, and 30% sold at or above their original asking price.

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