Blacksburg market report

Blacksburg housing market, December 2008.

In December 2008, 14 homes sold in Blacksburg at a median price of $209,500. In December 2007, 20 homes sold at a median of $271,450. Homes that sold spent a median of 63 days on the market and sold for a median of 95% of their original asking price.

14

Homes sold

20 a year earlier

$210K

Median sale price

Down 23% from a year earlier

$121

Per square foot

Median, sold homes

63

Days on market

Median, sold homes

95%

Of asking price

Median sale to original list

20

New listings

Homes listed this month

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

December 2008

The month in charts.

Sales by type: 8 single-family houses, 3 townhouses and 3 condos.

Median sale price by month

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

Median home sale price in Blacksburg by month, 13 months through December 2008Dec 07: $271K. Dec 08: $210K. Lowest $189K (Feb 08), highest $271K (Dec 07).Dec 07: $271KJan 08: $212KFeb 08: $189KMar 08: $236KApr 08: $267KMay 08: $227KJun 08: $250KJul 08: $206KAug 08: $220KSep 08: $242KOct 08: $255KNov 08: $240KDec 08: $210K
Median home sale price in Blacksburg by month, 13 months through December 2008
PeriodMedian sale price
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
Dec 08$210K

Homes sold per month

December 2008 highlighted.

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

Sales by price

December 2008.

  • Under $250K 9 sold
  • $250K to $350K 3 sold
  • $350K to $500K 1 sold
  • $500K to $750K 1 sold

Sales by neighborhood

Neighborhoods with the most sales in December 2008.

Sales

Every sale in December 2008.

Final sale prices, newest first.

Homes sold in Blacksburg in December 2008
AddressNeighborhoodSoldPriceBeds / bathsSq ftPer sq ft
HemlockListing courtesy of Coldwell Banker Townside Bburg Miller Southside $585,000 3 bd / 3.5 ba 3,707 sq ft $158/sq ft
University TerraceListing courtesy of Coldwell Banker Townside Bburg University Terrace $130,000 4 bd / 2 ba 935 sq ft $139/sq ft
New Kent RdListing courtesy of Long & Foster - Blacksburg Cascades $106,500 2 bd / 1 ba 744 sq ft $143/sq ft
Clover Valley CirListing courtesy of Coldwell Banker Townside Bburg Clover Valley $122,500 4 bd / 2.5 ba 1,480 sq ft $83/sq ft
BroceListing courtesy of Coldwell Banker Townside Bburg Longview Estates $234,000 4 bd / 2.5 ba 2,308 sq ft $101/sq ft
Heritage LnListing courtesy of Coldwell Banker Townside Bburg Stroubles Mill $285,000 4 bd / 3 ba 2,195 sq ft $130/sq ft
Buchanan DriveListing courtesy of Prudential Radford & Associates-Blacksburg McBryde Village $185,000 3 bd / 2.5 ba 2,127 sq ft $87/sq ft
QuincyListing courtesy of McNeil Real Estate Haymarket Square $182,000 3 bd / 3.5 ba 1,729 sq ft $105/sq ft
AsherListing courtesy of Long & Foster - Blacksburg Mt. Tabor Meadows $448,313 4 bd / 2.5 ba 2,627 sq ft $171/sq ft
Patrick Henry DriveListing courtesy of Prudential Radford & Associates-Blacksburg Dundas Heights $240,000 4 bd / 2.5 ba 2,400 sq ft $100/sq ft
Pheasant RunListing courtesy of RE/MAX Allegiance, Blacksburg Pheasant Run $181,063 4 bd / 2.5 ba 1,480 sq ft $122/sq ft
Charles StListing courtesy of Coldwell Banker Townside Bburg Piedmont $115,000 2 bd / 1.5 ba 966 sq ft $119/sq ft
Penn StreetListing courtesy of Long & Foster - Blacksburg $295,000 5 bd / 3 ba 3,300 sq ft $89/sq ft
MasonListing courtesy of Coldwell Banker Townside Bburg Apperson $335,000 4 bd / 2.5 ba 2,637 sq ft $127/sq ft

FAQ

Questions? Answers.

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

The median sale price for homes in Blacksburg in December 2008 was $209,500, across 14 sales on record (land excluded). A year earlier, in December 2007, it was $271,450.

How many homes sold in Blacksburg in December 2008?

14 homes sold in Blacksburg in December 2008, compared with 14 in November 2008 and 20 in December 2007.

How fast did homes sell in Blacksburg in December 2008?

Homes that sold in December 2008 spent a median of 63 days on the market, and 21% sold at or above their original asking price.

Alerts

New listings, first.

Get an email when a Blacksburg home lists, drops in price or sells. Nothing else.

A local real estate professional will send these updates. Your email is used only for these alerts, and you can stop them anytime by replying to any update.