Blacksburg market report

Blacksburg housing market, May 2009.

In May 2009, 35 homes sold in Blacksburg at a median price of $240,000. In May 2008, 59 homes sold at a median of $227,000. Homes that sold spent a median of 78 days on the market and sold for a median of 98% of their original asking price.

35

Homes sold

59 a year earlier

$240K

Median sale price

Up 6% from a year earlier

$124

Per square foot

Median, sold homes

78

Days on market

Median, sold homes

98%

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 May 2009. Land excluded.

May 2009

The month in charts.

Sales by type: 21 single-family houses, 8 townhouses and 6 condos.

Median sale price by month

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

Median home sale price in Blacksburg by month, 13 months through May 2009May 08: $227K. May 09: $240K. Lowest $179K (Feb 09), highest $270K (Apr 09).May 08: $227KJun 08: $250KJul 08: $206KAug 08: $220KSep 08: $242KOct 08: $255KNov 08: $240KDec 08: $210KJan 09: $188KFeb 09: $179KMar 09: $213KApr 09: $270KMay 09: $240K
Median home sale price in Blacksburg by month, 13 months through May 2009
PeriodMedian sale price
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
Mar 09$213K
Apr 09$270K
May 09$240K

Homes sold per month

May 2009 highlighted.

Homes sold in Blacksburg per month, 13 months through May 2009May 08: 59. May 09: 35. Lowest 10 (Jan 09), highest 69 (Jun 08).May 08: 59Jun 08: 69Jul 08: 58Aug 08: 37Sep 08: 21Oct 08: 15Nov 08: 14Dec 08: 14Jan 09: 10Feb 09: 19Mar 09: 15Apr 09: 20May 09: 35
Homes sold in Blacksburg per month, 13 months through May 2009
PeriodHomes sold
May 0859
Jun 0869
Jul 0858
Aug 0837
Sep 0821
Oct 0815
Nov 0814
Dec 0814
Jan 0910
Feb 0919
Mar 0915
Apr 0920
May 0935

Sales by price

May 2009.

  • Under $250K 19 sold
  • $250K to $350K 9 sold
  • $350K to $500K 6 sold
  • $500K to $750K 1 sold

Sales by neighborhood

Neighborhoods with the most sales in May 2009.

Sales

Every sale in May 2009.

Final sale prices, newest first.

Homes sold in Blacksburg in May 2009
AddressNeighborhoodSoldPriceBeds / bathsSq ftPer sq ft
Manchester StListing courtesy of RE/MAX 8 - Blacksburg Pilgrim's Pointe $230,000 4 bd / 2 ba 1,773 sq ft $130/sq ft
KentwoodListing courtesy of Coldwell Banker Townside Bburg Mountain View $190,000 3 bd / 2.5 ba 2,206 sq ft $86/sq ft
Huntington LnListing courtesy of RE/MAX Valley-Blacksburg Oak Manor $189,000 4 bd / 3.5 ba 1,949 sq ft $97/sq ft
Oak Pointe CtListing courtesy of Hanna Real Estate Vistas $240,000 3 bd / 2.5 ba 2,177 sq ft $110/sq ft
Willard DrListing courtesy of RE/MAX Valley-Blacksburg Fiddler's Green $524,000 4 bd / 3 ba 3,068 sq ft $171/sq ft
BlossomListing courtesy of RE/MAX 8 - Blacksburg The Orchards $242,000 3 bd / 3.5 ba 2,512 sq ft $96/sq ft
Village Way SouthListing courtesy of Shirley Sellers, Inc. The Village at Tom's Creek $439,900 4 bd / 2.5 ba 2,852 sq ft $154/sq ft
PalmerListing courtesy of NextHome New River Valley $314,000 3 bd / 2.5 ba 1,750 sq ft $179/sq ft
Village Way NorthListing courtesy of Shirley Sellers, Inc. The Village at Tom's Creek $414,900 4 bd / 2.5 ba 2,523 sq ft $164/sq ft
Brook CircleListing courtesy of NextHome New River Valley Brookfield Village $266,000 3 bd / 2.5 ba 1,808 sq ft $147/sq ft
WinslowListing courtesy of Coldwell Banker Townside Bburg $256,000 3 bd / 2.5 ba 1,963 sq ft $130/sq ft
JanieListing courtesy of RE/MAX 8 - Blacksburg Pheasant Run $185,000 4 bd / 2.5 ba 1,480 sq ft $125/sq ft
BrookListing courtesy of Coldwell Banker Townside Bburg Brookfield Village $270,000 3 bd / 2.5 ba 1,911 sq ft $141/sq ft
Loudon Rd 633Listing courtesy of Mkb, REALTORS® $101,000 2 bd / 1 ba 740 sq ft $136/sq ft
LoudonListing courtesy of MKB, REALTORS, Blacksburg Cascades $101,000 2 bd / 1 ba 740 sq ft $136/sq ft
Linkous CircleListing courtesy of Coldwell Banker Townside Bburg $290,000 3 bd / 2.5 ba 2,897 sq ft $100/sq ft
Shenandoah CircleListing courtesy of McCraw Real Estate-Floyd Shenandoah $153,500 3 bd / 2.5 ba 1,273 sq ft $121/sq ft
Harding AveListing courtesy of Whiting Real Estate $125,000 3 bd / 1 ba 1,368 sq ft $91/sq ft
Brook CircleListing courtesy of Coldwell Banker Townside Bburg Brookfield Village $347,000 5 bd / 3.5 ba 3,434 sq ft $101/sq ft
Leisure LaneListing courtesy of Long & Foster - Blacksburg Cedar Orchard $435,000 5 bd / 4 ba 3,509 sq ft $124/sq ft
Birch LeafListing courtesy of NextHome New River Valley Woodbine $284,900 4 bd / 2.5 ba 2,410 sq ft $118/sq ft
MontgomeryListing courtesy of Mandell Real Estate Group Park Place $94,000 2 bd / 1 ba 760 sq ft $124/sq ft
Council LaneListing courtesy of Coldwell Banker Townside Bburg $165,000 3 bd / 2 ba 1,588 sq ft $104/sq ft
Patrick HenryListing courtesy of RE/MAX 8 - Blacksburg $152,000 4 bd / 3 ba 1,280 sq ft $119/sq ft
Little CircleListing courtesy of RE/MAX 8 - Blacksburg Apperson $449,000 4 bd / 4 ba 5,110 sq ft $88/sq ft
CanterburyListing courtesy of NextHome New River Valley Oak Manor $189,000 4 bd / 3 ba 1,980 sq ft $95/sq ft
ClaytorListing courtesy of Coldwell Banker Townside Bburg University Place $131,000 3 bd / 2 ba 980 sq ft $134/sq ft
HoneysuckleListing courtesy of Long & Foster - Blacksburg Trillium Place $379,950 4 bd / 2.5 ba 2,479 sq ft $153/sq ft
VillageListing courtesy of Coldwell Banker Townside Bburg The Village at Tom's Creek $339,000 4 bd / 2.5 ba 2,190 sq ft $155/sq ft
Bobcat LnListing courtesy of NextHome New River Valley $95,000 3 bd / 2.5 ba 1,250 sq ft $76/sq ft
Falcon RidgeListing courtesy of Coldwell Banker Townside Bburg Deercroft $463,000 3 bd / 3 ba 3,820 sq ft $121/sq ft
Whitney CourtListing courtesy of Coldwell Banker Townside Bburg Knollwood $259,250 3 bd / 2.5 ba 2,113 sq ft $123/sq ft
MarlingtonListing courtesy of RE/MAX Valley-Blacksburg Crismond Addition $163,000 3 bd / 1 ba 1,000 sq ft $163/sq ft
LibertyListing courtesy of RE/MAX 8 - Blacksburg Cascades Pointe $121,000 2 bd / 1 ba 763 sq ft $159/sq ft
SenecaListing courtesy of Coldwell Banker Townside Bburg Hunters Ridge $121,000 4 bd / 2 ba 890 sq ft $136/sq ft

FAQ

Questions? Answers.

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

The median sale price for homes in Blacksburg in May 2009 was $240,000, across 35 sales on record (land excluded). A year earlier, in May 2008, it was $227,000.

How many homes sold in Blacksburg in May 2009?

35 homes sold in Blacksburg in May 2009, compared with 20 in April 2009 and 59 in May 2008.

How fast did homes sell in Blacksburg in May 2009?

Homes that sold in May 2009 spent a median of 78 days on the market, and 26% sold at or above their original asking price.

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