Neighborhood
University Place, Blacksburg
2 under contract, none for sale right now. Median sale $249K, last 12 months.
0
For sale now
2 under contract
$249K
Median sale price
Last 12 months
$263
Per square foot
Median, sold homes
10
Days on market
Median, sold homes
98%
Of asking price
Median sale to original list
Live. Updated 5 hours ago.
Homes for sale
Nothing listed in University Place right now.
The most recent sale here closed Apr 13, 2026 at $240,000. Get an email when the next home lists.
Get University Place alerts All homes for sale in Blacksburg
For sale nearby
Price reduced
$549,900 Down $40K
3 bd · 3 ba · 3,049 sq ft
713 Burruss Drive, Blacksburg
Listing courtesy of Long & Foster - Blacksburg
$485,000
3 bd · 2 ba · 1,600 sq ft
1105 Golfview Drive, Blacksburg
Listing courtesy of RE/MAX 8 - Blacksburg
Price reduced
$510,000 Down $20K
4 bd · 2.5 ba · 3,107 sq ft
1405 Westover Drive, Blacksburg
Listing courtesy of Roots Realty Group
Under contract
2 homes are under contract.
Pending sales. Final prices appear here when they close.
Recently sold
What homes in University Place sold for.
7 sales in the last 12 months. The latest closed Apr 13, 2026. Prices are final sale prices.
| Address | Sold | Price | Beds / baths | Sq ft | Per sq ft |
|---|---|---|---|---|---|
| 820 Cascade CourtListing courtesy of RE/MAX 8 - Blacksburg | $240,000 | 3 bd / 2 ba | 885 sq ft | $271/sq ft | |
| 815 Cascade CourtListing courtesy of RE/MAX 8 - Blacksburg | $255,000 | 3 bd / 2 ba | 970 sq ft | $263/sq ft | |
| 805 Claytor SquareListing courtesy of Keller Williams New River Valley | $270,000 | 3 bd / 2 ba | 970 sq ft | $278/sq ft | |
| 813 Cascade CourtListing courtesy of Mandell Real Estate Group | $235,000 | 3 bd / 2 ba | 885 sq ft | $266/sq ft | |
| 804 Cascade CourtListing courtesy of Keller Williams New River Valley | $220,000 | 3 bd / 2 ba | 970 sq ft | $227/sq ft | |
| 845 Claytor SquareListing courtesy of Long & Foster - Blacksburg | $251,000 | 3 bd / 2 ba | 970 sq ft | $259/sq ft | |
| 816 Newport TerraceListing courtesy of Long & Foster - Blacksburg | $249,000 | 3 bd / 2 ba | 970 sq ft | $257/sq ft | |
| 882 Newport TerraceListing courtesy of Welcome Home Real Estate | $273,600 | 3 bd / 2 ba | 885 sq ft | $309/sq ft | |
| Cascade CourtListing courtesy of Coldwell Banker Townside Bburg | $259,900 | 3 bd / 2 ba | 970 sq ft | $268/sq ft | |
| Cascade CourtListing courtesy of Coldwell Banker Townside Bburg | $265,000 | 3 bd / 2 ba | 970 sq ft | $273/sq ft | |
| Cascade CourtListing courtesy of Coldwell Banker Townside Bburg | $260,000 | 3 bd / 2 ba | 970 sq ft | $268/sq ft | |
| Cascade CourtListing courtesy of RE/MAX 8 - Blacksburg | $275,000 | 3 bd / 2 ba | 940 sq ft | $293/sq ft |
Market
The University Place market.
A median sale of $249,000 over the last 12 months, across 7 sales. Across Blacksburg, the median was $460,455 over the last 12 months.
Median sale price by year
Homes sold in University Place, 2005 to 2026 (this year to date). Gaps are years with no sales.
| Period | Median sale price |
|---|---|
| 2005 | $105K |
| 2006 | $115K |
| 2007 | $120K |
| 2008 | $127K |
| 2009 | $129K |
| 2010 | $126K |
| 2011 | $123K |
| 2012 | $123K |
| 2013 | $101K |
| 2014 | $108K |
| 2015 | $109K |
| 2016 | $112K |
| 2017 | $115K |
| 2018 | $132K |
| 2019 | $146K |
| 2020 | $173K |
| 2021 | $195K |
| 2022 | $241K |
| 2023 | $249K |
| 2024 | $260K |
| 2025 | $261K |
| 2026 | $246K |
Homes sold per month
Last 24 months. 8 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 University Place.
The homes in University Place are condos, with few exceptions. Construction dates to 1986. The median home has about 970 finished square feet and 3 bedrooms.
University Place recorded 7 home sales over the last 12 months, at a median price of $249,000. Sale prices ranged from $220,000 to $270,000. Those homes spent a median of 10 days on the market, and sellers received a median of 98% of their original asking price. The median price per finished square foot was $263. Looking back, the yearly median went from $105,000 in 2005 to $260,000 in 2024. In all, University Place has 157 home sales on record since 2005, about 7 a year.
On the map, University Place lies west of downtown Blacksburg: about 1.3 miles away in a straight line, and about 0.9 miles from the Virginia Tech Drillfield. Listings here name Blacksburg High School as the high school; confirm current assignments with Montgomery County Public Schools.
Figures are medians from sales records for homes in University Place (land excluded). Distances are straight-line from the neighborhood's center. School assignments: confirm with Montgomery County Public Schools.
- Homes
- Condos 100%
- Built
- 1985 to 1986
- Typical size
- 970 sq ft
- Downtown
- 1.3 mi west
- Virginia Tech
- 0.9 mi to the Drillfield
- High school (as listed)
- Blacksburg High School
- Sales on record
- 157 since 2005
History
How University Place was built.
Homes on record in University Place were built from 1984 to 1996. Most of them, 99%, went up in the 1980s. Every home on record here is one of the condos. Our sales records reach back to 2005, and sales here appear from the start.
- Earliest year built
- 1984
- On record
- Latest year built
- 1996
- On record
- Busiest decade
- 1980s
- 99% of homes on record
Homes by decade built
110 homes on record with a year built.
From homes in University Place 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
University Place on the map.
2 under contract and recent sales.
Coming nearby
What’s coming near University Place.
Development projects within about a mile, from Town of Blacksburg records.
- Approved Glade Spring Crossing (1006 Glade Road)
- Under construction Rambler (801 North Main Street)
- Proposed Glade Road multi-use path study
- Under review Prices Fork Road (Route 412/685) Project Pipeline Study, SA-25-01/SA-25-02
- Under construction New Business Building (Global Business and Analytics Complex)
- Under construction New Residence Halls (1,200 beds)
11 more nearby, and everything coming to Blacksburg
Information from Town of Blacksburg public records and other official sources. Check the official record for decisions. Updated 3 hours ago ().
Nearby
Neighborhoods near University Place.
-
Tremont Estates
None for sale now
0.2 mi away
-
The Glen
2 under contract · Median $479K (3 yrs)
0.3 mi away
-
Karr Heights
None for sale now · Median $456K
0.3 mi away
-
McBryde Village
2 homes for sale · Median $447K
0.4 mi away
-
Longview Estates
1 home for sale · Median $385K (2 yrs)
0.4 mi away
-
Westover Hills
3 homes for sale · Median $464K
0.5 mi away
FAQ
Questions? Answers.
What is the median home price in University Place?
The median sale price for homes in University Place was $249,000 over the last 12 months, across 7 sales on record.
How many homes are for sale in University Place right now?
No homes are for sale in University Place right now, and 2 are under contract. Sign up for University Place alerts on this page to hear when one lists.
How fast do homes sell in University Place?
Homes that sold in University Place over the last 12 months spent a median of 10 days on the market, and sellers received a median of 98% of their original asking price. 14% sold at or above their original asking price.
What is the price per square foot in University Place?
The median sale price per finished square foot in University Place was $263 over the last 12 months. Across Blacksburg, the median was $234 over the last 12 months.
How far is University Place from Virginia Tech?
University Place is about 0.9 miles from the Virginia Tech Drillfield and 1.3 miles west of downtown Blacksburg, measured in a straight line from the neighborhood's center. Driving distances are longer.
What high school serves University Place?
Listings for homes in University Place name Blacksburg High School as the high school. School assignments can change, so confirm with Montgomery County Public Schools.
Does University Place have an HOA?
7 of the 22 University Place listings with public remarks on record mention a homeowners or property owners association. Association fees are not reported with these listings, so confirm the association and its dues for any home before you buy.
When was University Place built?
Homes on record in University Place were built from 1984 to 1996, most of them in the 1980s.
How do I get alerts for new listings in University Place?
Use the sign-up form on this page. You will get an email when a home in University Place is listed, goes under contract or sells.
Alerts
Get new University Place listings by email.
Get an email when a home in University Place is listed, drops its price, goes under contract or sells. Nothing else.