Is Blue Ridge, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Blue Ridge was a Seller's Market.
Key Takeaway
Blue Ridge is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Blue Ridge, VA
How much do homes in Blue Ridge, VA cost?
Median Sold Price
$786,250
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Blue Ridge have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Blue Ridge was $786,250 in May 2024, up 6.5% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $126K | $1.0M | +694.8% |
| 2 Bedrooms | $512.5K | $479.9K | -6.4% |
| 3 Bedrooms | $522.4K | $622.5K | +19.2% |
| 4 Bedrooms | $775K | $810K | +4.5% |
| 5+ Bedrooms | $1.0M | $1.0M | +8.2% |
Summary: Blue Ridge housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 694.8%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Cities
| Bluemont | $477.5K | $629K | +31.7% |
| Blue Ridge | $738.5K | $786.2K | +6.5% |
| Purcellville | $740K | $776K | +4.9% |
| Round Hill | $870K | $750K | -13.8% |
Housing Supply in Blue Ridge, VA
How many homes are available in Blue Ridge, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 152 | 187 | +23.0% |
Summary: The Blue Ridge real estate market had 187 homes for sale in May 2024, a 23.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 31 | 38 | +22.6% |
| 4 Bedrooms | 67 | 75 | +11.9% |
| 5+ Bedrooms | 45 | 62 | +37.8% |
Summary: The Blue Ridge housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 37.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 29 | -9.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blue Ridge, you could pay more than the asking price. 41.4% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Blue Ridge in May 2024, down by 9.4% month-over-month. Of the 29 sold homes, 34% were sold under asking, 24% were sold at asking, and 41% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 12 Days | -52.3% |
Summary: Homes in Blue Ridge had an average of 12 days on market in May 2024, down by 52.3% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Blue Ridge are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 29 homes were sold in Blue Ridge; 76% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% 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. 
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved