Blacksburg market report

Blacksburg housing market, February 2011.

In February 2011, 11 homes sold in Blacksburg at a median price of $170,000. In February 2010, 11 homes sold at a median of $238,259. Homes that sold spent a median of 79 days on the market and sold for a median of 95% of their original asking price.

11

Homes sold

11 a year earlier

$170K

Median sale price

Down 29% from a year earlier

$115

Per square foot

Median, sold homes

79

Days on market

Median, sold homes

95%

Of asking price

Median sale to original list

30

New listings

Homes listed this month

Homes in Blacksburg ZIP codes 24060 to 24063 that closed in February 2011. Land excluded.

February 2011

The month in charts.

Sales by type: 6 single-family houses, 3 townhouses and 2 condos.

Median sale price by month

The 13 months through February 2011. Single months move around; the market page shows the 12-month trend.

Median home sale price in Blacksburg by month, 13 months through February 2011Feb 10: $238K. Feb 11: $170K. Lowest $170K (Feb 11), highest $407K (Sep 10).Feb 10: $238KMar 10: $225KApr 10: $209KMay 10: $230KJun 10: $246KJul 10: $243KAug 10: $246KSep 10: $407KOct 10: $206KNov 10: $227KDec 10: $220KJan 11: $227KFeb 11: $170K
Median home sale price in Blacksburg by month, 13 months through February 2011
PeriodMedian sale price
Feb 10$238K
Mar 10$225K
Apr 10$209K
May 10$230K
Jun 10$246K
Jul 10$243K
Aug 10$246K
Sep 10$407K
Oct 10$206K
Nov 10$227K
Dec 10$220K
Jan 11$227K
Feb 11$170K

Homes sold per month

February 2011 highlighted.

Homes sold in Blacksburg per month, 13 months through February 2011Feb 10: 11. Feb 11: 11. Lowest 10 (Sep 10), highest 52 (Jun 10).Feb 10: 11Mar 10: 25Apr 10: 40May 10: 32Jun 10: 52Jul 10: 42Aug 10: 23Sep 10: 10Oct 10: 12Nov 10: 20Dec 10: 24Jan 11: 18Feb 11: 11
Homes sold in Blacksburg per month, 13 months through February 2011
PeriodHomes sold
Feb 1011
Mar 1025
Apr 1040
May 1032
Jun 1052
Jul 1042
Aug 1023
Sep 1010
Oct 1012
Nov 1020
Dec 1024
Jan 1118
Feb 1111

Sales by price

February 2011.

  • Under $250K 10 sold
  • $350K to $500K 1 sold

Sales by neighborhood

Neighborhoods with the most sales in February 2011.

Sales

Every sale in February 2011.

Final sale prices, newest first.

Homes sold in Blacksburg in February 2011
AddressNeighborhoodSoldPriceBeds / bathsSq ftPer sq ft
Horseshoe LaneListing courtesy of RE/MAX 8 Christiansburg Mt. Tabor Village $170,000 4 bd / 2 ba 2,190 sq ft $78/sq ft
Huntington LnListing courtesy of Long & Foster - Blacksburg Oak Manor $169,500 3 bd / 2.5 ba 1,650 sq ft $103/sq ft
Pine DrListing courtesy of RE/MAX 8 - Blacksburg $212,800 4 bd / 2 ba 2,250 sq ft $95/sq ft
Christine CourtListing courtesy of NextHome New River Valley Pheasant Run Crossing $180,500 4 bd / 2.5 ba 1,512 sq ft $119/sq ft
University TerListing courtesy of RE/MAX 8 - Blacksburg University Terrace $123,000 4 bd / 2 ba 1,071 sq ft $115/sq ft
Brightwood ManorListing courtesy of RE/MAX 8 - Blacksburg Brightwood Manor $79,300 2 bd / 1 ba 978 sq ft $81/sq ft
Broce DriveListing courtesy of RE/MAX 8 - Blacksburg Longview Estates $147,500 3 bd / 2 ba 1,132 sq ft $130/sq ft
Pheasant RunListing courtesy of RE/MAX 8 - Blacksburg Pheasant Run $174,000 4 bd / 2.5 ba 1,480 sq ft $118/sq ft
Highland CirListing courtesy of RE/MAX 8 - Blacksburg Highland Park $158,000 3 bd / 2 ba 1,250 sq ft $126/sq ft
Gedney Park DrListing courtesy of RE/MAX Valley-Blacksburg $355,000 3 bd / 2.5 ba 2,820 sq ft $126/sq ft
Alleghany StListing courtesy of RE/MAX 8 - Blacksburg Knob Hill $229,000 4 bd / 2.5 ba 2,328 sq ft $98/sq ft

FAQ

Questions? Answers.

What was the median home price in Blacksburg in February 2011?

The median sale price for homes in Blacksburg in February 2011 was $170,000, across 11 sales on record (land excluded). A year earlier, in February 2010, it was $238,259.

How many homes sold in Blacksburg in February 2011?

11 homes sold in Blacksburg in February 2011, compared with 18 in January 2011 and 11 in February 2010.

How fast did homes sell in Blacksburg in February 2011?

Homes that sold in February 2011 spent a median of 79 days on the market, and 0% sold at or above their original asking price.

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