$3,918 Closing Credit*
$329,950
1,344 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: RICKMAN REALTY LLC
Is Blue Ridge, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Blue Ridge was a Seller's Market.
Key Takeaway
Blue Ridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Blue Ridge, VA
How much do homes in Blue Ridge, VA cost?
Median Sold Price
$311,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,000(+5.4%)
Key Takeaway
Homes in Blue Ridge have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Blue Ridge was $311,000 in October 2024, up 5.4% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $126K | $200K | +58.7% |
| 2 Bedrooms | $199K | $218K | +9.5% |
| 3 Bedrooms | $275K | $300K | +9.1% |
| 4 Bedrooms | $365K | $378.5K | +3.7% |
| 5+ Bedrooms | $333.2K | $449.9K | +35.0% |
Summary: Blue Ridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.7%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 35%.
Housing Supply in Blue Ridge, VA
How many homes are available in Blue Ridge, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 74 | +34.5% |
Summary: The Blue Ridge real estate market had 74 homes for sale in October 2024, a 34.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 30 | 38 | +26.7% |
| 4 Bedrooms | 16 | 22 | +37.5% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Blue Ridge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blue Ridge, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Blue Ridge in October 2024, down by 10.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.
Days on Market for Blue Ridge, VA
We’re sorry, we don't have information for this market at the moment
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