Blacksburg market report

Blacksburg housing market, May 2012.

In May 2012, 37 homes sold in Blacksburg at a median price of $238,000. In May 2011, 31 homes sold at a median of $235,000. Homes that sold spent a median of 61 days on the market and sold for a median of 94% of their original asking price.

Homes sold

31 a year earlier

$238K

Median sale price

Up 1% from a year earlier

$119

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 May 2012. Land excluded.

May 2012

The month in charts.

Sales by type: 23 single-family houses, 10 townhouses and 4 condos.

Median sale price by month

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

Median home sale price in Blacksburg by month, 13 months through May 2012
Period	Median sale price
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
Apr 12	$233K
May 12	$238K

Homes sold per month

May 2012 highlighted.

Homes sold in Blacksburg per month, 13 months through May 2012
Period	Homes sold
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
Apr 12	30
May 12	37

Sales by price

May 2012.

Under $250K 19 sold
$250K to $350K 12 sold
$350K to $500K 4 sold
$500K to $750K 2 sold

Sales by neighborhood

Neighborhoods with the most sales in May 2012.

The Village at Tom's Creek 4 soldMedian $300K
Woodbine 3 soldMedian $238K
Cedar Orchard 2 sold
Laurel Ridge 2 sold
The Orchards 2 sold
Deercroft 1 sold
Fiddler's Green 1 sold
Countryside Estates 1 sold
Vista Pointe 1 sold
Northside Park 1 sold

Sales

Every sale in May 2012.

Final sale prices, newest first.

Homes sold in Blacksburg in May 2012
Address	Neighborhood	Sold	Price	Beds / baths	Sq ft	Per sq ft
Falcon Ridge RoadListing courtesy of Nest Realty Group	Deercroft	May 31, 2012	$723,200	5 bd / 4.5 ba	4,170 sq ft	$173/sq ft
Honeysuckle DrListing courtesy of RE/MAX Valley-Roanoke	The Village at Tom's Creek	May 31, 2012	$289,500	3 bd / 3.5 ba	1,936 sq ft	$150/sq ft
Ellett RdListing courtesy of NextHome New River Valley		May 31, 2012	$106,500	3 bd / 1.5 ba	1,079 sq ft	$99/sq ft
Village Way SouthListing courtesy of Coldwell Banker Townside Bburg	The Village at Tom's Creek	May 30, 2012	$445,000	5 bd / 3.5 ba	3,110 sq ft	$143/sq ft
Broken Oak DrListing courtesy of Coldwell Banker Townside Bburg	Woodbine	May 30, 2012	$260,000	5 bd / 3 ba	2,757 sq ft	$94/sq ft
Gigi DrListing courtesy of Coldwell Banker Townside Bburg	Cedar Orchard	May 29, 2012	$370,000	4 bd / 2.5 ba	2,900 sq ft	$128/sq ft
Honeysuckle DrListing courtesy of Shirley Sellers, Inc.	The Village at Tom's Creek	May 25, 2012	$309,900	3 bd / 2.5 ba	2,271 sq ft	$136/sq ft
Craig DrListing courtesy of Nest Realty Group	Northside Park	May 25, 2012	$282,500	4 bd / 2.5 ba	2,020 sq ft	$140/sq ft
Linden CtListing courtesy of RE/MAX 8 - Blacksburg	Woodbine	May 25, 2012	$238,000	4 bd / 3 ba	2,300 sq ft	$103/sq ft
Grissom LnListing courtesy of Long & Foster - Blacksburg	Piedmont	May 25, 2012	$144,000	3 bd / 2 ba	1,344 sq ft	$107/sq ft
HoneysuckleListing courtesy of Long & Foster - Blacksburg	The Village at Tom's Creek	May 23, 2012	$282,000	3 bd / 2.5 ba	2,085 sq ft	$135/sq ft
Terra Bella StreetListing courtesy of Coldwell Banker Townside Bburg	Mission Hills	May 23, 2012	$211,000	4 bd / 2 ba	1,976 sq ft	$107/sq ft
Loudon RdListing courtesy of RE/MAX 8 - Blacksburg	Carriage Hill	May 23, 2012	$135,000	3 bd / 2 ba	1,280 sq ft	$105/sq ft
Countryside CourtListing courtesy of Long & Foster - Blacksburg	Countryside Estates	May 21, 2012	$331,000	5 bd / 3.5 ba	3,456 sq ft	$96/sq ft
Walls Branch RdListing courtesy of RE/MAX 8 - Blacksburg	Montgomery Farms	May 21, 2012	$185,000	3 bd / 2 ba	1,436 sq ft	$129/sq ft
Karr LnListing courtesy of NextHome New River Valley	Gladewood	May 18, 2012	$268,000	4 bd / 3.5 ba	2,174 sq ft	$123/sq ft
SenecaListing courtesy of Long & Foster - Blacksburg	Hunters Ridge	May 18, 2012	$115,000	4 bd / 2 ba	967 sq ft	$119/sq ft
Leisure LaneListing courtesy of NextHome New River Valley	Cedar Orchard	May 17, 2012	$352,000	4 bd / 3 ba	2,448 sq ft	$144/sq ft
Clay StListing courtesy of NextHome New River Valley		May 15, 2012	$560,000	5 bd / 4 ba	3,723 sq ft	$150/sq ft
Blossom Trail WListing courtesy of Coldwell Banker Townside Bburg	The Orchards	May 15, 2012	$232,000	3 bd / 2.5 ba	1,732 sq ft	$134/sq ft
Crestview DrListing courtesy of Home Discovery, REALTORS	Highland Park	May 14, 2012	$212,000	4 bd / 3 ba	2,483 sq ft	$85/sq ft
Blossom TrailListing courtesy of RE/MAX 8 - Blacksburg	The Orchards	May 14, 2012	$184,900	2 bd / 2.5 ba	1,701 sq ft	$109/sq ft
University TerListing courtesy of Burnette Real Estate Sales & Management Inc.	University Terrace	May 14, 2012	$125,900	4 bd / 2 ba	1,071 sq ft	$118/sq ft
Willard DriveListing courtesy of RE/MAX 8 - Blacksburg	Mountain View	May 11, 2012	$252,500	3 bd / 3 ba	2,200 sq ft	$115/sq ft
High Meadow DrListing courtesy of Wainwright & Co.	Indian Run	May 11, 2012	$200,000	4 bd / 3.5 ba	3,008 sq ft	$66/sq ft
Southampton CtListing courtesy of Coldwell Banker Townside Bburg	Oak Manor	May 9, 2012	$191,000	4 bd / 3.5 ba	2,002 sq ft	$95/sq ft
Azalea DrListing courtesy of Coldwell Banker Townside, REALTORS®	Laurel Ridge	May 8, 2012	$290,000	6 bd / 3 ba	3,226 sq ft	$90/sq ft
AzaleaListing courtesy of Coldwell Banker Townside Bburg	Laurel Ridge	May 8, 2012	$290,000	6 bd / 3 ba	3,226 sq ft	$90/sq ft
Whipple DriveListing courtesy of Coldwell Banker Townside Bburg	Echols Village	May 8, 2012	$207,500	3 bd / 2.5 ba	1,452 sq ft	$143/sq ft
Thomas LaneListing courtesy of CENTURY 21 Rice Realty		May 7, 2012	$250,100	3 bd / 4 ba	5,786 sq ft	$43/sq ft
WoodbineListing courtesy of Nest Realty Group	Woodbine	May 5, 2012	$194,500	3 bd / 2 ba	1,230 sq ft	$158/sq ft
Jefferson StListing courtesy of Long & Foster - Blacksburg	Fiddler's Green	May 4, 2012	$380,000	4 bd / 2.5 ba	2,465 sq ft	$154/sq ft
RoanokeListing courtesy of Coldwell Banker Townside Bburg	Vista Pointe	May 3, 2012	$320,000	4 bd / 3.5 ba	3,350 sq ft	$96/sq ft
Crestwood DrListing courtesy of Long & Foster - Blacksburg		May 2, 2012	$197,000	3 bd / 2.5 ba	2,080 sq ft	$95/sq ft
Chowning PlListing courtesy of Coldwell Banker Townside Bburg	Chowning Place	May 2, 2012	$140,000	2 bd / 2 ba	1,045 sq ft	$134/sq ft
Chateau CourtListing courtesy of Coldwell Banker Townside Bburg	Vistas	May 1, 2012	$200,500	3 bd / 2 ba	1,682 sq ft	$119/sq ft
Ridge RoadListing courtesy of Long & Foster - Blacksburg	Ramble Ridge	May 1, 2012	$163,900	3 bd / 2.5 ba	1,280 sq ft	$128/sq ft

FAQ

Questions? Answers.

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

The median sale price for homes in Blacksburg in May 2012 was $238,000, across 37 sales on record (land excluded). A year earlier, in May 2011, it was $235,000.

How many homes sold in Blacksburg in May 2012?

37 homes sold in Blacksburg in May 2012, compared with 30 in April 2012 and 31 in May 2011.

How fast did homes sell in Blacksburg in May 2012?

Homes that sold in May 2012 spent a median of 61 days on the market, and 16% 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.