Blacksburg market report

Blacksburg housing market, February 2009.

In February 2009, 19 homes sold in Blacksburg at a median price of $179,000. In February 2008, 33 homes sold at a median of $188,500. Homes that sold spent a median of 21 days on the market and sold for a median of 97% of their original asking price.

19

Homes sold

33 a year earlier

$179K

Median sale price

Down 5% from a year earlier

$119

Per square foot

Median, sold homes

21

Days on market

Median, sold homes

97%

Of asking price

Median sale to original list

29

New listings

Homes listed this month

Homes in Blacksburg ZIP codes 24060 to 24063 that closed in February 2009. Land excluded.

February 2009

The month in charts.

Sales by type: 10 townhouses, 7 single-family houses and 2 condos.

Median sale price by month

The 13 months through February 2009. Single months move around; the market page shows the 12-month trend.

Median home sale price in Blacksburg by month, 13 months through February 2009Feb 08: $189K. Feb 09: $179K. Lowest $179K (Feb 09), highest $267K (Apr 08).Feb 08: $189KMar 08: $236KApr 08: $267KMay 08: $227KJun 08: $250KJul 08: $206KAug 08: $220KSep 08: $242KOct 08: $255KNov 08: $240KDec 08: $210KJan 09: $188KFeb 09: $179K
Median home sale price in Blacksburg by month, 13 months through February 2009
PeriodMedian sale price
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
Jan 09$188K
Feb 09$179K

Homes sold per month

February 2009 highlighted.

Homes sold in Blacksburg per month, 13 months through February 2009Feb 08: 33. Feb 09: 19. Lowest 10 (Jan 09), highest 69 (Jun 08).Feb 08: 33Mar 08: 44Apr 08: 29May 08: 59Jun 08: 69Jul 08: 58Aug 08: 37Sep 08: 21Oct 08: 15Nov 08: 14Dec 08: 14Jan 09: 10Feb 09: 19
Homes sold in Blacksburg per month, 13 months through February 2009
PeriodHomes sold
Feb 0833
Mar 0844
Apr 0829
May 0859
Jun 0869
Jul 0858
Aug 0837
Sep 0821
Oct 0815
Nov 0814
Dec 0814
Jan 0910
Feb 0919

Sales by price

February 2009.

  • Under $250K 17 sold
  • $350K to $500K 1 sold
  • $750K to $1M 1 sold

Sales by neighborhood

Neighborhoods with the most sales in February 2009.

Sales

Every sale in February 2009.

Final sale prices, newest first.

Homes sold in Blacksburg in February 2009
AddressNeighborhoodSoldPriceBeds / bathsSq ftPer sq ft
BrocktonListing courtesy of Long & Foster - Blacksburg Cedar Orchard $450,425 4 bd / 3.5 ba 2,850 sq ft $158/sq ft
Woodbine DrListing courtesy of Jeannie Chang Realty Woodbine $210,000 4 bd / 2.5 ba 2,642 sq ft $79/sq ft
NewtonListing courtesy of NextHome New River Valley Haymarket Square $186,000 3 bd / 3.5 ba 1,881 sq ft $99/sq ft
JanieListing courtesy of RE/MAX 8 - Blacksburg Pheasant Run $182,000 4 bd / 2.5 ba 1,480 sq ft $123/sq ft
Pheasant Run CourtListing courtesy of RE/MAX 8 - Blacksburg Pheasant Run $181,000 4 bd / 2.5 ba 1,522 sq ft $119/sq ft
Pheasant RunListing courtesy of BlueRidge Real Estate Pheasant Run $179,000 4 bd / 2.5 ba 1,440 sq ft $124/sq ft
RidgeListing courtesy of Coldwell Banker Townside Bburg Ramble Ridge $177,000 4 bd / 3.5 ba 1,920 sq ft $92/sq ft
Palmer DrListing courtesy of Shirley Sellers, Inc. $174,500 3 bd / 2 ba 1,400 sq ft $125/sq ft
RidgeListing courtesy of Coldwell Banker Townside Bburg Ramble Ridge $165,000 4 bd / 3.5 ba 1,920 sq ft $86/sq ft
Lcw LnListing courtesy of Young Realty Company $120,750 3 bd / 2 ba 1,100 sq ft $110/sq ft
Palmer DrListing courtesy of Shirley Sellers, Inc. $172,500 3 bd / 2 ba 1,400 sq ft $123/sq ft
JeffersonListing courtesy of Gallery, Inc. Fiddler's Green $998,425 6 bd / 5.5 ba 7,132 sq ft $140/sq ft
BerryfieldListing courtesy of Coldwell Banker Townside Bburg Berryfield $137,000 3 bd / 2 ba 1,061 sq ft $129/sq ft
RidgeListing courtesy of Coldwell Banker Townside Bburg Ramble Ridge $165,000 4 bd / 3.5 ba 1,920 sq ft $86/sq ft
BerryfieldListing courtesy of RE/MAX Allegiance, Blacksburg Berryfield $137,900 3 bd / 2 ba 1,060 sq ft $130/sq ft
Broken Oak DrListing courtesy of Coldwell Banker Townside Bburg Woodbine $190,000 3 bd / 2.5 ba 2,382 sq ft $80/sq ft
Thomas LaneListing courtesy of NextHome New River Valley $80,000 3 bd / 2 ba 1,980 sq ft $40/sq ft
CourtneyListing courtesy of Long & Foster - Blacksburg Echols Village $227,000 3 bd / 2.5 ba 1,452 sq ft $156/sq ft
Huntington LaneListing courtesy of RE/MAX Allegiance, Blacksburg Oak Manor $182,000 4 bd / 3 ba 1,934 sq ft $94/sq ft

FAQ

Questions? Answers.

What was the median home price in Blacksburg in February 2009?

The median sale price for homes in Blacksburg in February 2009 was $179,000, across 19 sales on record (land excluded). A year earlier, in February 2008, it was $188,500.

How many homes sold in Blacksburg in February 2009?

19 homes sold in Blacksburg in February 2009, compared with 10 in January 2009 and 33 in February 2008.

How fast did homes sell in Blacksburg in February 2009?

Homes that sold in February 2009 spent a median of 21 days on the market, and 5% sold at or above their original asking price.

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