Neighborhood
Preston Forest, Blacksburg
No homes for sale right now. Median sale $622K, last 12 months.
0
For sale now
Active listings
$622K
Median sale price
Last 12 months
$217
Per square foot
Median, sold homes
18
Days on market
Median, sold homes
99%
Of asking price
Median sale to original list
Live. Updated 1 hour ago.
History
The story of Preston Forest.
Preston Forest is a neighborhood of large wooded lots north of Blacksburg, from 2.5 to 11 acres, connected to the Jefferson National Forest.
Read the historyRoom to spread out
Home sites here range from about 2.5 to 11 acres.
Next to the national forest
The neighborhood is connected to the Jefferson National Forest.
Homes for sale
Nothing listed in Preston Forest right now.
The most recent sale here closed Jul 23, 2026 at $645,000. Get an email when the next home lists.
Get Preston Forest alerts All homes for sale in Blacksburg
For sale nearby
Recently sold
What homes in Preston Forest sold for.
4 sales in the last 12 months. The latest closed Jul 23, 2026. Prices are final sale prices.
| Address | Sold | Price | Beds / baths | Sq ft | Per sq ft |
|---|---|---|---|---|---|
| 4185 Pearman RoadListing courtesy of Coldwell Banker Townside Bburg | $645,000 | 4 bd / 3 ba | 2,876 sq ft | $224/sq ft | |
| 1010 Madison LaneListing courtesy of Mandell Real Estate Group | $585,000 | 5 bd / 3 ba | 2,796 sq ft | $209/sq ft | |
| 1634 Smithfield DriveListing courtesy of Coldwell Banker Townside Bburg | $598,500 | 4 bd / 4 ba | 2,669 sq ft | $224/sq ft | |
| 4506 W Benoit TrailListing courtesy of Nest Realty SWVA | $720,000 | 4 bd / 4.5 ba | 5,166 sq ft | $139/sq ft | |
| 1674 Smithfield DriveListing courtesy of Long & Foster - Blacksburg | $570,000 | 4 bd / 3 ba | 2,570 sq ft | $222/sq ft | |
| 4489 Preston Forest DriveListing courtesy of Advantage Realty - Roanoke | $325,000 | 5 bd / 3.5 ba | 2,208 sq ft | $147/sq ft | |
| Lot 28 Smithfield DriveListing courtesy of Long & Foster - Blacksburg | $95,000 | 5 acres | |||
| 4074 Pearman RoadListing courtesy of RE/MAX All Points | $810,000 | 4 bd / 3.5 ba | 5,295 sq ft | $153/sq ft | |
| 1565 Smithfield DriveListing courtesy of RE/MAX 8 - Blacksburg | $950,000 | 4 bd / 2.5 ba | 3,501 sq ft | $271/sq ft | |
| Lot 11 Susannah DriveListing courtesy of Long & Foster - Blacksburg | $85,000 | 5.2 acres | |||
| 4469 Pearman RoadListing courtesy of Nest Realty SWVA | $550,000 | 4 bd / 2.5 ba | 2,160 sq ft | $255/sq ft | |
| 4510 Pearman RoadListing courtesy of Berkshire Hathaway Home Services Mountain Sky Properties-Blacksburg | $150,000 | 5.8 acres |
Market
The Preston Forest market.
A median sale of $621,750 over the last 12 months, across 4 sales. Across Blacksburg, the median was $460,000 over the last 12 months.
Median sale price by year
Homes sold in Preston Forest, 2005 to 2026 (this year to date). Gaps are years with no sales.
| Period | Median sale price |
|---|---|
| 2005 | $395K |
| 2006 | $444K |
| 2007 | $395K |
| 2008 | $465K |
| 2009 | $410K |
| 2010 | $329K |
| 2011 | $366K |
| 2012 | $365K |
| 2013 | $343K |
| 2014 | $379K |
| 2015 | $352K |
| 2016 | $510K |
| 2017 | $455K |
| 2018 | $558K |
| 2019 | $432K |
| 2020 | $575K |
| 2021 | $560K |
| 2022 | $674K |
| 2023 | $546K |
| 2024 | $675K |
| 2025 | $600K |
| 2026 | $599K |
Homes sold per month
Last 24 months. 12 sales in all.
Price points
Homes sold by price, last 12 months.
Home types
Share of homes on record in the last 10 years.
About
About Preston Forest.
Nearly every home on record in Preston Forest is a single-family house. The oldest home on record here dates to 1976 and the newest to 2025; the median year built is 1990. The median home has 3,220 finished square feet and 4 bedrooms; most fall between 2,300 and 5,050 square feet. Lots here have a median size of 5.3 acres, about 12 times the median for houses across Blacksburg (0.44 acres).
In a straight line, Preston Forest is about 4.2 miles north of downtown Blacksburg and about 4.3 miles from the Drillfield at Virginia Tech.
Over the last 12 months, 4 homes sold in Preston Forest at a median price of $621,750. Sale prices ranged from $585,000 to $720,000. Homes that sold were on the market for a median of 18 days, and sellers received a median of 99% of their original asking price. Per finished square foot, the median was $217. The yearly median was $395,359 in 2005 and $600,000 in 2025, up 52%. There are 160 home sales on record here since 2005.
Figures are medians from sales records for homes in Preston Forest (land excluded). Distances are straight-line from the neighborhood's center. School assignments: confirm with Montgomery County Public Schools.
- Homes
- Houses 100%
- Built
- 1976 to 2025
- Typical size
- 3,220 sq ft
- Typical lot
- 5.3 acres
- Downtown
- 4.2 mi north
- Virginia Tech
- 4.3 mi to the Drillfield
- Sales on record
- 160 since 2005
History
Big lots at the forest's edge.
Wooded home sites of 2.5 to 11 acres north of town, connected to the Jefferson National Forest.
Preston Forest is a neighborhood of large wooded lots north of Blacksburg, from 2.5 to 11 acres, connected to the Jefferson National Forest.
Its street names reach back to Smithfield and the Preston family. Smithfield Drive, Susannah Drive, Patton Court and Ballard Court share their names with Smithfield, the plantation house Col. William Preston built from 1772 to 1774, and with the people in its story: James Patton, whose 120,000-acre Crown grant included the site; Susanna Smith Preston, William's wife, who lived at Smithfield for 40 years after his death in 1783; and their grandson William Ballard Preston, who was born there.
Smithfield still stands about five miles south, on the Virginia Tech campus. It was the birthplace of two Virginia governors, James Patton Preston and John B. Floyd, and remained a family home until 1959, when it was donated to the APVA.
Timeline
- 1755James Patton, holder of the land grant that included Smithfield, is killed at Draper's Meadow.
- 1774Col. William Preston completes Smithfield, begun in 1772.
- 1783William Preston dies; Susanna Smith Preston keeps Smithfield for 40 more years.
- 1959Smithfield is donated to the APVA.
Good to know.
Room to spread out
Home sites here range from about 2.5 to 11 acres.
Next to the national forest
The neighborhood is connected to the Jefferson National Forest.
Preston names
Smithfield Drive, Susannah Drive, Patton Court and Ballard Court share their names with Smithfield and the Preston and Patton families.
How it was built.
Homes on record in Preston Forest were built from 1976 to 2025. The busiest decade was the 1980s, with 33% of them. Every home on record here is a detached house. Our sales records reach back to 2005, and sales here appear from the start.
- Earliest year built
- 1976
- On record
- Latest year built
- 2025
- On record
- Busiest decade
- 1980s
- 33% of homes on record
- Lots on record
- 3
- No homes yet
Homes by decade built
126 homes on record with a year built.
From homes in Preston Forest that have been listed or sold since 2005 in our records, counted once each. Years built are as reported in those listings. Older homes that have not changed hands since then are not counted.
Map
Preston Forest on the map.
Recent sales.
Schools
Public schools for Preston Forest.
Every home on record in Preston Forest with a map location is in the same attendance zones.
-
Elementary
-
Middle
-
High
Assigned by attendance zone. Boundaries can change; confirm with Montgomery County Public Schools. Based on 25 homes on record in Preston Forest with a map location. Distances are straight-line. Each school name links to its page on the Montgomery County Public Schools site.
Nearby
Neighborhoods near Preston Forest.
-
Coal Bank Ridge
2 lots for sale · Median $1M (2 yrs)
1.1 mi away
-
Bishop Meadows
2 homes for sale
1.3 mi away
-
Brush Mountain Estates
None for sale now · Median $590K (2 yrs)
1.7 mi away
-
Wyatt Farm
3 homes for sale · Median $930K
1.7 mi away
-
The Villas on North Main
1 under contract · Median $473K (2 yrs)
1.7 mi away
-
Meadow Run
1 under contract · Median $420K (5 yrs)
1.8 mi away
FAQ
Questions? Answers.
What is the median home price in Preston Forest?
The median sale price for homes in Preston Forest was $621,750 over the last 12 months, across 4 sales on record.
How many homes are for sale in Preston Forest right now?
No homes are for sale in Preston Forest right now. Sign up for Preston Forest alerts on this page to hear when one lists.
How fast do homes sell in Preston Forest?
Homes that sold in Preston Forest over the last 12 months spent a median of 18 days on the market, and sellers received a median of 99% of their original asking price. 50% sold at or above their original asking price.
What is the price per square foot in Preston Forest?
The median sale price per finished square foot in Preston Forest was $217 over the last 12 months. Across Blacksburg, the median was $234 over the last 12 months.
How far is Preston Forest from Virginia Tech?
Preston Forest is about 4.3 miles from the Virginia Tech Drillfield and 4.2 miles north of downtown Blacksburg, measured in a straight line from the neighborhood's center. Driving distances are longer.
What schools serve Preston Forest?
Homes in Preston Forest are in the Montgomery County Public Schools attendance zones for Gilbert Linkous Elementary, Blacksburg Middle and Blacksburg High. Assigned by attendance zone. Boundaries can change; confirm with Montgomery County Public Schools.
When was Preston Forest built?
Homes on record in Preston Forest were built from 1976 to 2025, the largest share in the 1980s.
How do I get alerts for new listings in Preston Forest?
Use the sign-up form on this page. You will get an email when a home in Preston Forest is listed, goes under contract or sells.
Alerts
Get new Preston Forest listings by email.
Get an email when a home in Preston Forest is listed, drops its price, goes under contract or sells. Nothing else.