Blacksburg market report

Blacksburg housing market, March 2012.

In March 2012, 25 homes sold in Blacksburg at a median price of $229,950. In March 2011, 36 homes sold at a median of $241,780. Homes that sold spent a median of 72 days on the market and sold for a median of 94% of their original asking price.

Homes sold

36 a year earlier

$230K

Median sale price

Down 5% from a year earlier

$111

Per square foot

Median, sold homes

Days on market

Median, sold homes

94%

Of asking price

Median sale to original list

New listings

Homes listed this month

Homes in Blacksburg ZIP codes 24060 to 24063 that closed in March 2012. Land excluded.

March 2012

The month in charts.

Sales by type: 19 single-family houses, 3 condos and 3 townhouses.

Median sale price by month

The 13 months through March 2012. Single months move around; the market page shows the 12-month trend.

Median home sale price in Blacksburg by month, 13 months through March 2012
Period	Median sale price
Mar 11	$242K
Apr 11	$259K
May 11	$235K
Jun 11	$247K
Jul 11	$246K
Aug 11	$253K
Sep 11	$223K
Oct 11	$185K
Nov 11	$203K
Dec 11	$249K
Jan 12	$159K
Feb 12	$198K
Mar 12	$230K

Homes sold per month

March 2012 highlighted.

Homes sold in Blacksburg per month, 13 months through March 2012
Period	Homes sold
Mar 11	36
Apr 11	27
May 11	31
Jun 11	43
Jul 11	40
Aug 11	45
Sep 11	19
Oct 11	19
Nov 11	10
Dec 11	29
Jan 12	20
Feb 12	18
Mar 12	25

Sales by price

March 2012.

Under $250K 14 sold
$250K to $350K 6 sold
$350K to $500K 4 sold
$500K to $750K 1 sold

Sales by neighborhood

Neighborhoods with the most sales in March 2012.

Sales

Every sale in March 2012.

Final sale prices, newest first.

Homes sold in Blacksburg in March 2012
Address	Neighborhood	Sold	Price	Beds / baths	Sq ft	Per sq ft
Ashlawn DrListing courtesy of Hokie Real Estate, Inc.	Stroubles Mill	Mar 30, 2012	$355,000	5 bd / 3.5 ba	3,368 sq ft	$105/sq ft
Kentwood DrListing courtesy of RE/MAX 8 - Blacksburg	Mountain View	Mar 30, 2012	$225,000	4 bd / 3.5 ba	2,822 sq ft	$80/sq ft
G University City BoulevardListing courtesy of Coldwell Banker Townside Bburg	Sundance Village	Mar 30, 2012	$109,000	3 bd / 2 ba	1,084 sq ft	$101/sq ft
S Main StreetListing courtesy of Nest Realty Group	Kent Square Condominiums	Mar 29, 2012	$370,000	3 bd / 2 ba	1,416 sq ft	$261/sq ft
Lucas DrListing courtesy of RE/MAX 8 - Blacksburg	Dickerson	Mar 29, 2012	$248,500	3 bd / 3 ba	2,813 sq ft	$88/sq ft
Pheasant Run CtListing courtesy of Whiting Real Estate	Pheasant Run	Mar 29, 2012	$160,000	4 bd / 2.5 ba	1,480 sq ft	$108/sq ft
Myers PlaceListing courtesy of RE/MAX 8 - Blacksburg	Apperson	Mar 27, 2012	$299,000	5 bd / 3 ba	3,354 sq ft	$89/sq ft
Clover Valley CirListing courtesy of RE/MAX 8 - Blacksburg	Clover Valley	Mar 27, 2012	$137,000	4 bd / 2.5 ba	1,480 sq ft	$93/sq ft
Hardwood DrListing courtesy of Long & Foster - Blacksburg	Gladewood	Mar 26, 2012	$220,000	3 bd / 3 ba	1,936 sq ft	$114/sq ft
Belaire DrListing courtesy of Gracious Living Realty	Brush Mountain Estates	Mar 23, 2012	$326,350	4 bd / 2.5 ba	2,534 sq ft	$129/sq ft
Karr LnListing courtesy of Jeannie Chang Realty	Gladewood	Mar 23, 2012	$218,500	4 bd / 3 ba	2,180 sq ft	$100/sq ft
Jefferson ForestListing courtesy of Coldwell Banker Townside Bburg	Preston Forest	Mar 20, 2012	$455,000	3 bd / 2.5 ba	3,422 sq ft	$133/sq ft
Asher LaneListing courtesy of NextHome New River Valley	Mt. Tabor Meadows	Mar 20, 2012	$358,000	4 bd / 2.5 ba	1,887 sq ft	$190/sq ft
Huntington LnListing courtesy of RE/MAX 8 - Blacksburg	Oak Manor	Mar 16, 2012	$165,000	4 bd / 3.5 ba	1,880 sq ft	$88/sq ft
Gordon DrListing courtesy of RE/MAX 8 - Blacksburg	Brush Mountain Estates	Mar 14, 2012	$255,000	3 bd / 2.5 ba	1,920 sq ft	$133/sq ft
Kabrich StListing courtesy of Long & Foster - Blacksburg		Mar 14, 2012	$187,100	3 bd / 2 ba	1,417 sq ft	$132/sq ft
Village WayListing courtesy of Shirley Sellers, Inc.	The Village at Tom's Creek	Mar 9, 2012	$310,000	3 bd / 2.5 ba	2,188 sq ft	$142/sq ft
Crestview DriveListing courtesy of Coldwell Banker Townside Bburg		Mar 9, 2012	$210,000	3 bd / 2 ba	1,897 sq ft	$111/sq ft
McBrydeListing courtesy of Long & Foster - Blacksburg	McBryde Village	Mar 8, 2012	$260,000	4 bd / 2.5 ba	2,400 sq ft	$108/sq ft
Aden LaneListing courtesy of Gallery, Inc.	Echols Village	Mar 6, 2012	$220,000	3 bd / 2.5 ba	1,686 sq ft	$130/sq ft
Highland CirListing courtesy of Coldwell Banker Townside Bburg	Oakton	Mar 2, 2012	$645,000	4 bd / 3 ba	3,760 sq ft	$172/sq ft
Lucas DrListing courtesy of Long & Foster - Blacksburg	Dundas Heights	Mar 2, 2012	$151,000	3 bd / 2 ba	1,313 sq ft	$115/sq ft
Fincastle DrListing courtesy of MKB, Roanoke	Kessler Park	Mar 1, 2012	$293,500	4 bd / 3 ba	2,966 sq ft	$99/sq ft
Whipple DriveListing courtesy of NextHome New River Valley	Echols Village	Mar 1, 2012	$229,950	3 bd / 2.5 ba	1,771 sq ft	$130/sq ft
Charles StListing courtesy of RE/MAX 8 - Blacksburg	Piedmont	Mar 1, 2012	$136,900	3 bd / 2 ba	1,344 sq ft	$102/sq ft

FAQ

Questions? Answers.

What was the median home price in Blacksburg in March 2012?

The median sale price for homes in Blacksburg in March 2012 was $229,950, across 25 sales on record (land excluded). A year earlier, in March 2011, it was $241,780.

How many homes sold in Blacksburg in March 2012?

25 homes sold in Blacksburg in March 2012, compared with 18 in February 2012 and 36 in March 2011.

How fast did homes sell in Blacksburg in March 2012?

Homes that sold in March 2012 spent a median of 72 days on the market, and 12% sold at or above their original asking price.

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