$575,000
21.96 Acres
Land
Joyce E Gates, Listing Office: Long & Foster Real Estate, Inc.
Is Blue Ridge, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$825,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$73,333(+9.8%)
Key Takeaway
Homes in Blue Ridge have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Blue Ridge was $825,000 in November 2024, up 9.8% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $830.5K | $468K | -43.6% |
| 2 Bedrooms | $466.2K | $520K | +11.5% |
| 3 Bedrooms | $600K | $632.5K | +5.4% |
| 4 Bedrooms | $775.5K | $822.5K | +6.1% |
| 5+ Bedrooms | $1.0M | $1.1M | +9.2% |
Summary: Blue Ridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.6%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Cities
| Blue Ridge | $751.6K | $825K | +9.8% |
| Purcellville | $752.5K | $825K | +9.6% |
| Round Hill | $775K | $799.9K | +3.2% |
Housing Supply in Blue Ridge, VA
How many homes are available in Blue Ridge, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 152 | 147 | -3.3% |
Summary: The Blue Ridge real estate market had 147 homes for sale in November 2024, a 3.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 41 | 42 | +2.4% |
| 4 Bedrooms | 63 | 60 | -4.8% |
| 5+ Bedrooms | 39 | 37 | -5.1% |
Summary: The Blue Ridge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 5.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 19 | -58.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 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. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Blue Ridge in November 2024, down by 58.7% month-over-month. Of the 19 sold homes, 47% were sold under asking, 16% were sold at asking, and 37% were sold over asking.
Days on Market for Blue Ridge, VA
How long does it take to sell a home in Blue Ridge, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 70 Days | +84.1% |
Summary: Homes in Blue Ridge had an average of 70 days on market in Nov 2024, up by 84.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 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 November 2024, 19 homes were sold in Blue Ridge; 32% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 26% 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. 
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
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