Blacksburg market report

Blacksburg housing market, March 2008.

In March 2008, 44 homes sold in Blacksburg at a median price of $235,750. In March 2007, 48 homes sold at a median of $230,250. Homes that sold spent a median of 44 days on the market and sold for a median of 97% of their original asking price.

44

Homes sold

48 a year earlier

$236K

Median sale price

Up 2% from a year earlier

$131

Per square foot

Median, sold homes

44

Days on market

Median, sold homes

97%

Of asking price

Median sale to original list

60

New listings

Homes listed this month

Homes in Blacksburg ZIP codes 24060 to 24063 that closed in March 2008. Land excluded.

March 2008

The month in charts.

Sales by type: 30 single-family houses, 8 townhouses and 6 condos.

Median sale price by month

The 13 months through March 2008. Single months move around; the market page shows the 12-month trend.

Median home sale price in Blacksburg by month, 13 months through March 2008Mar 07: $230K. Mar 08: $236K. Lowest $189K (Feb 08), highest $271K (Dec 07).Mar 07: $230KApr 07: $222KMay 07: $239KJun 07: $250KJul 07: $220KAug 07: $222KSep 07: $235KOct 07: $216KNov 07: $247KDec 07: $271KJan 08: $212KFeb 08: $189KMar 08: $236K
Median home sale price in Blacksburg by month, 13 months through March 2008
PeriodMedian sale price
Mar 07$230K
Apr 07$222K
May 07$239K
Jun 07$250K
Jul 07$220K
Aug 07$222K
Sep 07$235K
Oct 07$216K
Nov 07$247K
Dec 07$271K
Jan 08$212K
Feb 08$189K
Mar 08$236K

Homes sold per month

March 2008 highlighted.

Homes sold in Blacksburg per month, 13 months through March 2008Mar 07: 48. Mar 08: 44. Lowest 19 (Nov 07), highest 74 (Jun 07).Mar 07: 48Apr 07: 47May 07: 65Jun 07: 74Jul 07: 71Aug 07: 60Sep 07: 29Oct 07: 20Nov 07: 19Dec 07: 20Jan 08: 24Feb 08: 33Mar 08: 44
Homes sold in Blacksburg per month, 13 months through March 2008
PeriodHomes sold
Mar 0748
Apr 0747
May 0765
Jun 0774
Jul 0771
Aug 0760
Sep 0729
Oct 0720
Nov 0719
Dec 0720
Jan 0824
Feb 0833
Mar 0844

Sales by price

March 2008.

  • Under $250K 25 sold
  • $250K to $350K 12 sold
  • $350K to $500K 4 sold
  • $500K to $750K 3 sold

Sales by neighborhood

Neighborhoods with the most sales in March 2008.

Sales

The latest 40 sales.

Final sale prices, newest first.

Homes sold in Blacksburg in March 2008
AddressNeighborhoodSoldPriceBeds / bathsSq ftPer sq ft
Leisure LaneListing courtesy of Coldwell Banker Townside Bburg Cedar Orchard $559,000 4 bd / 3.5 ba 3,516 sq ft $159/sq ft
Smithfield DriveListing courtesy of Long & Foster - Blacksburg Preston Forest $382,500 3 bd / 2 ba 3,090 sq ft $124/sq ft
OrioleListing courtesy of Long & Foster - Blacksburg Karr Heights $283,000 3 bd / 2.5 ba 2,538 sq ft $112/sq ft
Highland CirListing courtesy of Coldwell Banker Townside Bburg Highland Park $230,000 3 bd / 2 ba 1,468 sq ft $157/sq ft
Clover Valley CirListing courtesy of Coldwell Banker Townside Bburg Clover Valley $157,000 4 bd / 2.5 ba 1,480 sq ft $106/sq ft
SunridgeListing courtesy of Prudential Radford & Associates-Blacksburg Sundance Ridge $144,900 2 bd / 2 ba 1,084 sq ft $134/sq ft
BrooksfieldListing courtesy of NextHome New River Valley $81,000 3 bd / 1.5 ba 1,789 sq ft $45/sq ft
CourtneyListing courtesy of Long & Foster - Blacksburg Echols Village $219,000 3 bd / 2.5 ba 1,452 sq ft $151/sq ft
Rose AveListing courtesy of McNeil Real Estate Airport Acres $150,500 3 bd / 1.5 ba 1,200 sq ft $125/sq ft
BerryfieldListing courtesy of Long & Foster-Christiansburg Berryfield $136,750 3 bd / 2 ba 1,061 sq ft $129/sq ft
Claytor SquareListing courtesy of Coldwell Banker Townside Bburg University Place $128,900 3 bd / 2 ba 970 sq ft $133/sq ft
Fairfax RdListing courtesy of Jeannie Chang Realty Carriage Hill $127,500 3 bd / 2 ba 1,280 sq ft $100/sq ft
AlleghanyListing courtesy of NextHome New River Valley $312,000 3 bd / 2.5 ba 1,980 sq ft $158/sq ft
Alice DriveListing courtesy of River Pointe Properties LLC $300,000 4 bd / 2.5 ba 2,520 sq ft $119/sq ft
Coal Bank HollowListing courtesy of Long & Foster-Christiansburg $240,000 3 bd / 3 ba 1,844 sq ft $130/sq ft
Lombardi DrListing courtesy of Wainwright & Co. Woodbine $207,000 4 bd / 3 ba 2,443 sq ft $85/sq ft
Harding RdListing courtesy of Coldwell Banker Townside Bburg $169,000 3 bd / 1.5 ba 2,324 sq ft $73/sq ft
MateerListing courtesy of RE/MAX Allegiance, Blacksburg Slusher Farm $367,000 4 bd / 2.5 ba 2,169 sq ft $169/sq ft
BlossomListing courtesy of Long & Foster - Blacksburg The Orchards $239,000 3 bd / 2.5 ba 1,615 sq ft $148/sq ft
Cedar HillListing courtesy of RE/MAX Allegiance, Blacksburg Cedar Hill $231,000 3 bd / 2.5 ba 1,700 sq ft $136/sq ft
ShelorListing courtesy of RE/MAX 8 - Blacksburg $225,000 3 bd / 3 ba 1,880 sq ft $120/sq ft
Honeysuckle DriveListing courtesy of Shirley Sellers, Inc. The Village at Tom's Creek $294,900 3 bd / 2.5 ba 1,929 sq ft $153/sq ft
Mourning Dove DriveListing courtesy of Coldwell Banker Townside Bburg Meadow Run $250,000 4 bd / 2.5 ba 2,616 sq ft $96/sq ft
Progress StListing courtesy of Old Virginia Real Estate $129,000 2 bd / 1.5 ba 1,014 sq ft $127/sq ft
Mourning Dove DrListing courtesy of Coldwell Banker Townside Bburg Meadow Run $319,500 4 bd / 3.5 ba 3,150 sq ft $101/sq ft
Newton CtListing courtesy of Coldwell Banker Townside Bburg Haymarket Square $176,500 3 bd / 2.5 ba 1,342 sq ft $132/sq ft
Cedar Orchard DrListing courtesy of Coldwell Banker Townside Bburg Cedar Orchard $380,000 4 bd / 3.5 ba 2,933 sq ft $130/sq ft
CourtneyListing courtesy of Long & Foster - Blacksburg Echols Village $249,000 3 bd / 2.5 ba 1,766 sq ft $141/sq ft
CourtneyListing courtesy of Long & Foster - Blacksburg Echols Village $232,500 3 bd / 2.5 ba 1,596 sq ft $146/sq ft
Newton Ct CourtListing courtesy of Coldwell Banker Townside Bburg Haymarket Square $169,725 3 bd / 2.5 ba 1,630 sq ft $104/sq ft
Village Way SouthListing courtesy of Shirley Sellers, Inc. The Village at Tom's Creek $530,969 4 bd / 3 ba 2,702 sq ft $197/sq ft
University TerListing courtesy of Burnette Real Estate Sales & Management Inc. University Terrace $131,000 4 bd / 2 ba 1,050 sq ft $125/sq ft
Falcon RidgeListing courtesy of Long & Foster - Blacksburg Deercroft $550,000 4 bd / 3.5 ba 3,623 sq ft $152/sq ft
Donlee DrListing courtesy of Long & Foster - Blacksburg Piedmont $147,000 3 bd / 2 ba 1,400 sq ft $105/sq ft
Catawba RoadListing courtesy of Prudential Radford & Associates-Blacksburg $213,000 3 bd / 2 ba 1,421 sq ft $150/sq ft
BurrussListing courtesy of RE/MAX Allegiance, Blacksburg McBryde Village $270,000 4 bd / 3 ba 3,608 sq ft $75/sq ft
NikkelListing courtesy of Coldwell Banker Townside Bburg $315,000 3 bd / 3 ba 2,966 sq ft $106/sq ft
BrookListing courtesy of Long & Foster - Blacksburg Brookfield Village $348,000 4 bd / 2.5 ba 2,473 sq ft $141/sq ft
GivensListing courtesy of Shirley Sellers, Inc. $280,000 3 bd / 2 ba 1,808 sq ft $155/sq ft
NewtonListing courtesy of Coldwell Banker Townside Bburg Haymarket Square $181,500 3 bd / 2.5 ba 1,630 sq ft $111/sq ft

FAQ

Questions? Answers.

What was the median home price in Blacksburg in March 2008?

The median sale price for homes in Blacksburg in March 2008 was $235,750, across 44 sales on record (land excluded). A year earlier, in March 2007, it was $230,250.

How many homes sold in Blacksburg in March 2008?

44 homes sold in Blacksburg in March 2008, compared with 33 in February 2008 and 48 in March 2007.

How fast did homes sell in Blacksburg in March 2008?

Homes that sold in March 2008 spent a median of 44 days on the market, and 32% sold at or above their original asking price.

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