$2,007 Closing Credit*
$169,000
748 SqFt
1 Bed
•1 Full Bath
Listing Office: KELLER WILLIAMS REALTY LYNCHBURG
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
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
$329,400
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,900(+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 $329,400 in October 2024, up 5.4% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $126K | - | N/A |
| 2 Bedrooms | $215.9K | $210K | -2.8% |
| 3 Bedrooms | $264K | $325K | +23.1% |
| 4 Bedrooms | $357K | $394.9K | +10.6% |
| 5+ Bedrooms | $366.6K | $422.4K | +15.2% |
Summary: Blue Ridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 15.2%.
Median Sold Price Compared To Nearby Cities
| Ferrum | $221K | $255K | +15.4% |
| Blackwater | $306K | $330K | +7.8% |
| Blue Ridge | $312.5K | $329.4K | +5.4% |
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 |
|---|---|---|
| 29 | 36 | +24.1% |
Summary: The Blue Ridge real estate market had 36 homes for sale in October 2024, a 24.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 1 | 2 | +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 33.3%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 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. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Blue Ridge in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% 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
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.