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Featured local agent — Blacksburg, VA
Sarah Mitchell
Compass Real Estate · Blacksburg, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Blacksburg, VA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$528,500median sale price
How is the Blacksburg, VA housing market right now?
The median home sale price in Blacksburg, VA is $528,500, up 24.1% year-over-year. Homes sell in an average of 8 days with 69 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Blacksburg a buyer's or seller's market?
Blacksburg, VA is currently a seller's market, based on 2.7 months of supply and homes selling in about 8 days. How we determine this →
Homes sold
26
Last 12 weeks
Days on market
8
Fast-moving
Active listings
69
2.7 months supply
Sale-to-list
98.6%
Below asking
What does the Blacksburg housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $528,500 |
| Median list price | $499,900 |
| Year-over-year price change | +24.1% |
| Average days on market | 8 days |
| Active inventory | 69 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 98.6% |
| Median price per sq ft | $229/sq ft |
| Homes sold (latest month) | 26 |
| New listings (latest month) | 45 |
| Listings with a price cut | 30.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Blacksburg by property type?
How the Blacksburg, VA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $562,500 | $220/sq ft | 17 | 5 days |
| Condo / Co-op | $287,000 | $280/sq ft | 5 | 32 days |
| Townhouse | $391,000 | $208/sq ft | 4 | 22 days |
Source: Redfin · Updated monthly
The Blacksburg housing market is currently classified as a seller's market with a median sale price of $528,500. Prices have risen 24.1% compared to last year, with homes spending an average of 8 days on market, indicating 2.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 8.9x provides context for how home values compare to local earning capacity.
Homes for sale in Blacksburg
There are currently 69 homes listed for sale in Blacksburg, Virginia. The median listing price is $500K.
Active listings
69
Homes on market
Median list price
$500K
Avg. days on market
8
Days until sale
New this week
45
Newly listed
Who lives in Blacksburg?
Population
45,288
Median income
$48,070/yr
Median age
21.9 years
Owner-occupied
34.2%
College grads
69.7%
Avg commute
15.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Blacksburg?
Zillow home value
$428,946
Zillow rent index
$1,721/mo
Price-to-rent ratio
20.8x
Price-to-income
8.9x
Source: Zillow Research
What is it like to live in Blacksburg?
Blacksburg is a community of approximately 45K residents with a median age of 21.9 years.The median household income is $48,070, which represents a working-class community with solid middle-income opportunities. 69.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 34.2%, showing a blend of owner and renter-occupied properties. The average commute time is 15.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Blacksburg offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Blacksburg?
7 schools tracked · 3,997 students
The largest public schools serving Blacksburg, VA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Blacksburg High
Grades 9-12 · 1,281 students
Blacksburg Middle
Grades 6-8 · 987 students
Prices Fork Elementary
Grades PK-5 · 452 students
Kipps Elementary
Grades K-5 · 370 students
Margaret Beeks Elementary
Grades PK-5 · 313 students
Gilbert Linkous Elementary
Grades PK-5 · 312 students
Harding Avenue Elementary
Grades K-5 · 282 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Blacksburg, VA?
Want a head-to-head view? Compare Blacksburg side-by-side with any other U.S. city using our market-comparison tool.
Is Blacksburg a good real estate investment market?
For investors evaluating Blacksburg, the price-to-rent ratio of 20.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 24.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Blacksburg's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Blacksburg's median home price.
Frequently asked questions
What is the average home price in Blacksburg?
The median home sale price in Blacksburg is $528,500, up 24.1% from last year.
How long do homes stay on market in Blacksburg?
Homes typically spend 8 days on market before going under contract.
What is the median income in Blacksburg?
The median household income is $48,070 per year.
Is Blacksburg a buyer's or seller's market?
With 2.7 months of supply, Blacksburg is currently a seller's market.
What is the Zillow home value estimate for Blacksburg?
The Zillow Home Value Index (ZHVI) for Blacksburg is $428,946, representing the typical home value in the area.
What is the median condo price in Blacksburg?
The median condo/co-op sale price in Blacksburg, VA is $287,000, compared to $562,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Blacksburg?
The median single-family home price in Blacksburg, VA is $562,500 (about $220 per square foot).
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