Blacksburg market report

Blacksburg housing market, November 2008.

In November 2008, 14 homes sold in Blacksburg at a median price of $240,000. In November 2007, 19 homes sold at a median of $247,000. Homes that sold spent a median of 20 days on the market and sold for a median of 96% of their original asking price.

14

Homes sold

19 a year earlier

$240K

Median sale price

Down 3% from a year earlier

$128

Per square foot

Median, sold homes

20

Days on market

Median, sold homes

96%

Of asking price

Median sale to original list

11

New listings

Homes listed this month

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

November 2008

The month in charts.

Sales by type: 11 single-family houses, 2 townhouses and 1 condo.

Median sale price by month

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

Median home sale price in Blacksburg by month, 13 months through November 2008Nov 07: $247K. Nov 08: $240K. Lowest $189K (Feb 08), highest $271K (Dec 07).Nov 07: $247KDec 07: $271KJan 08: $212KFeb 08: $189KMar 08: $236KApr 08: $267KMay 08: $227KJun 08: $250KJul 08: $206KAug 08: $220KSep 08: $242KOct 08: $255KNov 08: $240K
Median home sale price in Blacksburg by month, 13 months through November 2008
PeriodMedian sale price
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
Oct 08$255K
Nov 08$240K

Homes sold per month

November 2008 highlighted.

Homes sold in Blacksburg per month, 13 months through November 2008Nov 07: 19. Nov 08: 14. Lowest 14 (Nov 08), highest 69 (Jun 08).Nov 07: 19Dec 07: 20Jan 08: 24Feb 08: 33Mar 08: 44Apr 08: 29May 08: 59Jun 08: 69Jul 08: 58Aug 08: 37Sep 08: 21Oct 08: 15Nov 08: 14
Homes sold in Blacksburg per month, 13 months through November 2008
PeriodHomes sold
Nov 0719
Dec 0720
Jan 0824
Feb 0833
Mar 0844
Apr 0829
May 0859
Jun 0869
Jul 0858
Aug 0837
Sep 0821
Oct 0815
Nov 0814

Sales by price

November 2008.

  • Under $250K 8 sold
  • $250K to $350K 2 sold
  • $350K to $500K 2 sold
  • $500K to $750K 1 sold
  • $750K to $1M 1 sold

Sales by neighborhood

Neighborhoods with the most sales in November 2008.

Sales

Every sale in November 2008.

Final sale prices, newest first.

Homes sold in Blacksburg in November 2008
AddressNeighborhoodSoldPriceBeds / bathsSq ftPer sq ft
DuntonListing courtesy of RE/MAX 8 - Blacksburg $280,000 4 bd / 2.5 ba 2,242 sq ft $125/sq ft
HutchesonListing courtesy of RE/MAX Allegiance, Blacksburg McBryde Village $232,000 5 bd / 2 ba 2,224 sq ft $104/sq ft
Trillium LaneListing courtesy of Prudential Radford & Associates-Blacksburg The Village at Tom's Creek $240,000 3 bd / 2.5 ba 1,442 sq ft $166/sq ft
Clay St SEListing courtesy of Price Real Estate, Inc. $168,500 3 bd / 2 ba 1,160 sq ft $145/sq ft
Arden LaneListing courtesy of Page & Assoc. Real Estate $77,400 3 bd / 2 ba 1,960 sq ft $39/sq ft
HutchesonListing courtesy of Long & Foster - Blacksburg McBryde Village $240,000 5 bd / 4 ba 3,011 sq ft $80/sq ft
South KnollwoodListing courtesy of NextHome New River Valley $186,000 3 bd / 2 ba 1,196 sq ft $156/sq ft
PetraListing courtesy of Long & Foster - Blacksburg Mt. Tabor Meadows $481,750 4 bd / 3.5 ba 4,311 sq ft $112/sq ft
Palmer DriveListing courtesy of Shirley Sellers, Inc. $175,000 3 bd / 2 ba 1,525 sq ft $115/sq ft
Misty Hills CircleListing courtesy of NextHome New River Valley $167,500 3 bd / 2 ba 1,280 sq ft $131/sq ft
KentwoodListing courtesy of Long & Foster - Blacksburg $317,000 3 bd / 2.5 ba 1,750 sq ft $181/sq ft
Stratford View DrListing courtesy of Prudential Radford & Associates-Blacksburg Sterling Manor $830,000 4 bd / 4 ba 5,730 sq ft $145/sq ft
FlippinListing courtesy of Long & Foster - Blacksburg Wyatt Farm $560,000 5 bd / 3.5 ba 3,672 sq ft $153/sq ft
ClairmontListing courtesy of Long & Foster-Christiansburg $355,000 4 bd / 3 ba 3,256 sq ft $109/sq ft

FAQ

Questions? Answers.

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

The median sale price for homes in Blacksburg in November 2008 was $240,000, across 14 sales on record (land excluded). A year earlier, in November 2007, it was $247,000.

How many homes sold in Blacksburg in November 2008?

14 homes sold in Blacksburg in November 2008, compared with 15 in October 2008 and 19 in November 2007.

How fast did homes sell in Blacksburg in November 2008?

Homes that sold in November 2008 spent a median of 20 days on the market, and 14% sold at or above their original asking price.

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