Blacksburg market report

Blacksburg housing market, September 2008.

In September 2008, 21 homes sold in Blacksburg at a median price of $242,000. In September 2007, 29 homes sold at a median of $235,000. Homes that sold spent a median of 30 days on the market and sold for a median of 98% of their original asking price.

21

Homes sold

29 a year earlier

$242K

Median sale price

Up 3% from a year earlier

$119

Per square foot

Median, sold homes

30

Days on market

Median, sold homes

98%

Of asking price

Median sale to original list

17

New listings

Homes listed this month

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

September 2008

The month in charts.

Sales by type: 16 single-family houses, 3 townhouses and 2 condos.

Median sale price by month

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

Median home sale price in Blacksburg by month, 13 months through September 2008Sep 07: $235K. Sep 08: $242K. Lowest $189K (Feb 08), highest $271K (Dec 07).Sep 07: $235KOct 07: $216KNov 07: $247KDec 07: $271KJan 08: $212KFeb 08: $189KMar 08: $236KApr 08: $267KMay 08: $227KJun 08: $250KJul 08: $206KAug 08: $220KSep 08: $242K
Median home sale price in Blacksburg by month, 13 months through September 2008
PeriodMedian sale price
Sep 07$235K
Oct 07$216K
Nov 07$247K
Dec 07$271K
Jan 08$212K
Feb 08$189K
Mar 08$236K
Apr 08$267K
May 08$227K
Jun 08$250K
Jul 08$206K
Aug 08$220K
Sep 08$242K

Homes sold per month

September 2008 highlighted.

Homes sold in Blacksburg per month, 13 months through September 2008Sep 07: 29. Sep 08: 21. Lowest 19 (Nov 07), highest 69 (Jun 08).Sep 07: 29Oct 07: 20Nov 07: 19Dec 07: 20Jan 08: 24Feb 08: 33Mar 08: 44Apr 08: 29May 08: 59Jun 08: 69Jul 08: 58Aug 08: 37Sep 08: 21
Homes sold in Blacksburg per month, 13 months through September 2008
PeriodHomes sold
Sep 0729
Oct 0720
Nov 0719
Dec 0720
Jan 0824
Feb 0833
Mar 0844
Apr 0829
May 0859
Jun 0869
Jul 0858
Aug 0837
Sep 0821

Sales by price

September 2008.

  • Under $250K 11 sold
  • $250K to $350K 4 sold
  • $350K to $500K 6 sold

Sales by neighborhood

Neighborhoods with the most sales in September 2008.

Sales

Every sale in September 2008.

Final sale prices, newest first.

Homes sold in Blacksburg in September 2008
AddressNeighborhoodSoldPriceBeds / bathsSq ftPer sq ft
Gracelyn CtListing courtesy of The Realty Dot, Inc. Miller Southside $380,000 4 bd / 4 ba 3,200 sq ft $119/sq ft
HutchesonListing courtesy of RE/MAX Allegiance, Blacksburg McBryde Village $312,900 5 bd / 4 ba 3,451 sq ft $91/sq ft
College View DrListing courtesy of Coldwell Banker Townside Bburg $242,000 4 bd / 2 ba 2,897 sq ft $84/sq ft
Heights LaneListing courtesy of Coldwell Banker Townside Bburg The Heights $210,000 3 bd / 3.5 ba 1,807 sq ft $116/sq ft
Elizabeth DrListing courtesy of Coldwell Banker Townside Bburg Longview Estates $257,500 4 bd / 2.5 ba 2,476 sq ft $104/sq ft
Petra PassListing courtesy of Long & Foster - Blacksburg Mt. Tabor Meadows $366,163 3 bd / 2.5 ba 2,036 sq ft $180/sq ft
HoneysuckleListing courtesy of NextHome New River Valley Trillium Place $435,000 4 bd / 2.5 ba 2,470 sq ft $176/sq ft
Clover Valley CirListing courtesy of Coldwell Banker Townside Bburg Clover Valley $147,000 4 bd / 2.5 ba 1,480 sq ft $99/sq ft
New KentListing courtesy of Whiting Real Estate Cascades $106,000 2 bd / 1 ba 740 sq ft $143/sq ft
MountainsideListing courtesy of RE/MAX Allegiance, Blacksburg Blacksburg Country Club $285,000 3 bd / 2 ba 2,140 sq ft $133/sq ft
Willard DrListing courtesy of RE/MAX Allegiance, Blacksburg Mountain View $237,100 3 bd / 2.5 ba 1,693 sq ft $140/sq ft
Norris Run RdListing courtesy of Mkb, REALTORS® - Salem $169,900 3 bd / 2 ba 1,492 sq ft $114/sq ft
Woods EdgeListing courtesy of Coldwell Banker Townside Bburg The Orchards $220,000 3 bd / 2.5 ba 1,918 sq ft $115/sq ft
Hubbard StListing courtesy of Coldwell Banker Townside Bburg $195,000 2 bd / 1.5 ba 1,293 sq ft $151/sq ft
Kentwood DrListing courtesy of Whiting Real Estate Mountain View $119,900 2 bd / 1 ba 910 sq ft $132/sq ft
Lee StListing courtesy of Shirley Sellers, Inc. $430,000 3 bd / 2.5 ba 3,052 sq ft $141/sq ft
Skyview DriveListing courtesy of RE/MAX Allegiance, Blacksburg Miller Southside $392,500 5 bd / 4 ba 4,486 sq ft $87/sq ft
Grove AveListing courtesy of Coldwell Banker Townside Bburg $129,900 3 bd / 2 ba 2,130 sq ft $61/sq ft
Village Way SouthListing courtesy of Shirley Sellers, Inc. The Village at Tom's Creek $439,900 4 bd / 3 ba 2,529 sq ft $174/sq ft
Cherry LaneListing courtesy of Coldwell Banker Townside Bburg The Orchards $267,500 3 bd / 3 ba 2,060 sq ft $130/sq ft
WestoverListing courtesy of Long & Foster - Blacksburg Westover Hills $195,000 4 bd / 2.5 ba 1,797 sq ft $109/sq ft

FAQ

Questions? Answers.

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

The median sale price for homes in Blacksburg in September 2008 was $242,000, across 21 sales on record (land excluded). A year earlier, in September 2007, it was $235,000.

How many homes sold in Blacksburg in September 2008?

21 homes sold in Blacksburg in September 2008, compared with 37 in August 2008 and 29 in September 2007.

How fast did homes sell in Blacksburg in September 2008?

Homes that sold in September 2008 spent a median of 30 days on the market, and 24% sold at or above their original asking price.

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