$2,433 Closing Credit*
$204,900
1,232 SqFt
2 Beds
•2 Full Baths
Listing Office: NEXTHOME TWOFOURFIVE
Is Blue Ridge, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Blue Ridge has remained a Seller's Market.
Key Takeaway
Blue Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Blue Ridge, VA
How much do homes in Blue Ridge, VA cost?
Median Sold Price
$354,900
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$14,900(+4.4%)
Key Takeaway
Homes in Blue Ridge have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Blue Ridge was $354,900 in December 2024, up 4.4% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $126K | - | N/A |
| 2 Bedrooms | $142.5K | $158K | +10.9% |
| 3 Bedrooms | $269.9K | $332.5K | +23.2% |
| 4 Bedrooms | $414.2K | $382.4K | -7.7% |
| 5+ Bedrooms | $333.2K | $587.4K | +76.3% |
Summary: Blue Ridge housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 23.2%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 76.3%.
Median Sold Price Compared To Nearby Cities
| Valley | $327.5K | $382K | +16.6% |
| Vinton | $274.9K | $295K | +7.3% |
| Blue Ridge | $305K | $322.5K | +5.7% |
| Blue Ridge | $340K | $354.9K | +4.4% |
Housing Supply in Blue Ridge, VA
How many homes are available in Blue Ridge, VA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The Blue Ridge real estate market had 25 homes for sale in December 2024, a 3.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Blue Ridge housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 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. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Blue Ridge in December 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Blue Ridge are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 6 homes were sold in Blue Ridge; 17% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.