Blacksburg market report

Blacksburg housing market, August 2007.

In August 2007, 60 homes sold in Blacksburg at a median price of $221,650. In August 2006, 80 homes sold at a median of $180,975. Homes that sold spent a median of 34 days on the market and sold for a median of 98% of their original asking price.

60

Homes sold

80 a year earlier

$222K

Median sale price

Up 22% from a year earlier

$131

Per square foot

Median, sold homes

34

Days on market

Median, sold homes

98%

Of asking price

Median sale to original list

23

New listings

Homes listed this month

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

August 2007

The month in charts.

Sales by type: 39 single-family houses, 11 condos and 10 townhouses.

Median sale price by month

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

Median home sale price in Blacksburg by month, 13 months through August 2007Aug 06: $181K. Aug 07: $222K. Lowest $181K (Aug 06), highest $275K (Nov 06).Aug 06: $181KSep 06: $199KOct 06: $215KNov 06: $275KDec 06: $198KJan 07: $223KFeb 07: $231KMar 07: $230KApr 07: $222KMay 07: $239KJun 07: $250KJul 07: $220KAug 07: $222K
Median home sale price in Blacksburg by month, 13 months through August 2007
PeriodMedian sale price
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
Aug 07$222K

Homes sold per month

August 2007 highlighted.

Homes sold in Blacksburg per month, 13 months through August 2007Aug 06: 80. Aug 07: 60. Lowest 25 (Oct 06), highest 80 (Aug 06).Aug 06: 80Sep 06: 30Oct 06: 25Nov 06: 36Dec 06: 46Jan 07: 25Feb 07: 30Mar 07: 48Apr 07: 47May 07: 65Jun 07: 74Jul 07: 71Aug 07: 60
Homes sold in Blacksburg per month, 13 months through August 2007
PeriodHomes sold
Aug 0680
Sep 0630
Oct 0625
Nov 0636
Dec 0646
Jan 0725
Feb 0730
Mar 0748
Apr 0747
May 0765
Jun 0774
Jul 0771
Aug 0760

Sales by price

August 2007.

  • Under $250K 38 sold
  • $250K to $350K 13 sold
  • $350K to $500K 6 sold
  • $500K to $750K 2 sold
  • $750K to $1M 1 sold

Sales by neighborhood

Neighborhoods with the most sales in August 2007.

Sales

The latest 40 sales.

Final sale prices, newest first.

Homes sold in Blacksburg in August 2007
AddressNeighborhoodSoldPriceBeds / bathsSq ftPer sq ft
Redbud RdListing courtesy of RE/MAX Allegiance, Blacksburg The Village at Tom's Creek $626,491 5 bd / 3.5 ba 3,506 sq ft $179/sq ft
Price StreetListing courtesy of Long & Foster - Blacksburg $425,000 4 bd / 3.5 ba 2,841 sq ft $150/sq ft
Courtney CircleListing courtesy of Long & Foster - Blacksburg Echols Village $226,919 3 bd / 2.5 ba 1,452 sq ft $156/sq ft
Ashford CourtListing courtesy of RE/MAX Allegiance, Blacksburg $215,000 3 bd / 2 ba 1,360 sq ft $158/sq ft
DraperListing courtesy of Long & Foster - Blacksburg $183,650 4 bd / 2 ba 1,800 sq ft $102/sq ft
Pheasant RunListing courtesy of Long & Foster-Christiansburg Pheasant Run $177,950 4 bd / 2.5 ba 1,480 sq ft $120/sq ft
Happy HollowListing courtesy of Coldwell Banker Townside Bburg $760,000 4 bd / 3 ba 2,662 sq ft $285/sq ft
Brush MountainListing courtesy of Century 21 Valley Real Estate Brush Mountain West $335,000 3 bd / 2.5 ba 2,550 sq ft $131/sq ft
BlossomListing courtesy of Wainwright & Co. The Orchards $235,000 3 bd / 2.5 ba 1,732 sq ft $136/sq ft
HillcrestListing courtesy of Coldwell Banker Townside Bburg Hardie Hills $305,500 3 bd / 2.5 ba 2,042 sq ft $150/sq ft
LoraListing courtesy of RE/MAX Allegiance, Blacksburg Tremont Estates $189,900 3 bd / 2.5 ba 1,440 sq ft $132/sq ft
SussexListing courtesy of Long & Foster - Blacksburg Carriage Hill $149,000 3 bd / 1.5 ba 1,240 sq ft $120/sq ft
Wildflower LaneListing courtesy of Long & Foster - Blacksburg $340,000 3 bd / 2.5 ba 2,200 sq ft $155/sq ft
Draper Rd $500,000 3 bd / 4 ba 3,431 sq ft $146/sq ft
St Andrews CircleListing courtesy of Long & Foster - Blacksburg Blacksburg Country Club $275,000 3 bd / 2 ba 2,240 sq ft $123/sq ft
Ridge RoadListing courtesy of Long & Foster-Christiansburg Ramble Ridge $152,000 3 bd / 2.5 ba 1,300 sq ft $117/sq ft
RoyalListing courtesy of RE/MAX 8 Christiansburg $265,000 4 bd / 2.5 ba 1,724 sq ft $154/sq ft
ReaganListing courtesy of Whiting Real Estate Wyatt Farm $488,000 5 bd / 3.5 ba 4,096 sq ft $119/sq ft
Algonquin CtListing courtesy of RE/MAX 8 - Blacksburg Shenandoah $274,000 4 bd / 2.5 ba 2,068 sq ft $132/sq ft
Courtney CircleListing courtesy of Long & Foster - Blacksburg Echols Village $217,200 3 bd / 2.5 ba 1,692 sq ft $128/sq ft
Scott AlanListing courtesy of RE/MAX Allegiance, Blacksburg $177,000 3 bd / 2 ba 1,220 sq ft $145/sq ft
McCoyListing courtesy of Long & Foster - Blacksburg $140,000 3 bd / 2 ba 1,400 sq ft $100/sq ft
CharlesListing courtesy of Long & Foster - Blacksburg Piedmont $129,000 3 bd / 2 ba 1,344 sq ft $96/sq ft
Chowning PlaceListing courtesy of Long & Foster - Blacksburg Chowning Place $153,000 2 bd / 2 ba 1,170 sq ft $131/sq ft
GedneyListing courtesy of Long & Foster-Christiansburg $237,000 3 bd / 2 ba 1,320 sq ft $180/sq ft
Cork Dundas Heights $200,000 3 bd / 2 ba 1,892 sq ft $106/sq ft
HenryListing courtesy of RE/MAX Allegiance, Blacksburg Patrick Henry $120,200 2 bd / 2 ba 936 sq ft $128/sq ft
Mourning Dove DriveListing courtesy of NextHome New River Valley Meadow Run $223,000 3 bd / 2 ba 1,528 sq ft $146/sq ft
PalmerListing courtesy of Long & Foster - Blacksburg $324,900 3 bd / 2.5 ba 1,960 sq ft $166/sq ft
North Knollwood DrListing courtesy of Long & Foster - Blacksburg Knollwood $185,000 2 bd / 2 ba 1,057 sq ft $175/sq ft
Pheasant RunListing courtesy of Long & Foster-Christiansburg Pheasant Run $177,000 4 bd / 2.5 ba 1,480 sq ft $120/sq ft
RidgeListing courtesy of Coldwell Banker Townside Bburg Ramble Ridge $153,500 3 bd / 2.5 ba 1,280 sq ft $120/sq ft
Liberty LaneListing courtesy of Blacksburg Real Estate, Inc. Cascades Pointe $143,900 3 bd / 2 ba 903 sq ft $159/sq ft
PineListing courtesy of Coldwell Banker Townside Bburg Northside Park $307,000 5 bd / 3.5 ba 3,672 sq ft $84/sq ft
Graves AveListing courtesy of RE/MAX 8 - Blacksburg $212,500 5 bd / 2.5 ba 2,480 sq ft $86/sq ft
VillageListing courtesy of Long & Foster - Blacksburg The Village at Tom's Creek $378,000 3 bd / 2.5 ba 2,276 sq ft $166/sq ft
RedbudListing courtesy of Fralin & Waldron Inc. Brookfield Village $354,950 4 bd / 2.5 ba 2,372 sq ft $150/sq ft
FranklinListing courtesy of Long & Foster - Blacksburg Dickerson $210,000 4 bd / 3 ba 2,564 sq ft $82/sq ft
University TerListing courtesy of Coldwell Banker Townside Bburg University Terrace $129,000 4 bd / 2 ba 1,050 sq ft $123/sq ft
HoneysuckleListing courtesy of RE/MAX Allegiance, Blacksburg The Village at Tom's Creek $319,900 3 bd / 2.5 ba 1,886 sq ft $170/sq ft

FAQ

Questions? Answers.

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

The median sale price for homes in Blacksburg in August 2007 was $221,650, across 60 sales on record (land excluded). A year earlier, in August 2006, it was $180,975.

How many homes sold in Blacksburg in August 2007?

60 homes sold in Blacksburg in August 2007, compared with 71 in July 2007 and 80 in August 2006.

How fast did homes sell in Blacksburg in August 2007?

Homes that sold in August 2007 spent a median of 34 days on the market, and 30% sold at or above their original asking price.

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