Is Blue Ridge, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blue Ridge is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Blue Ridge, VA cost?

Median Sold Price

$311,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$40,025(+14.8%)

Key Takeaway

Homes in Blue Ridge have sold for 14.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $83K$245K
+195.2%
3 $256.5K$263.5K
+2.7%
4 $275K$350K
+27.3%
5+ $579K$675K
+16.6%

Median Sold Price Compared To Nearby Cities

Blue Ridge
+20.0%
Blue Ridge
+14.8%
Vinton
+14.1%
Hollins
+7.8%
Valley
+5.1%

How many homes are available in Blue Ridge, VA?

Number of Homes For Sale

Aug 2022Sep 2022%
2724-11.1%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 01
+100.0%
3 147
-50.0%
4 1215
+25.0%
5+ 11
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
149-35.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blue Ridge, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Blue Ridge, VA

Homes for sale in Blue Ridge, VA have reached 24. Between August 2022 and September 2022, Blue Ridge, VA real estate market has seen decrease in the number of listings by 11.1%. Real estate listing prices changed between August 2022 and September 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 195.2% more expensive, prices of 3 bedrooms properties went up by 2.7%, prices of 4 bedrooms properties went up by 27.3%, the cost of 5 bedrooms properties went up by 16.6%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes increased by 100%, 3 bedrooms homes became 50% less available, the quantity of 4 bedrooms homes went up by 25%, 5 bedrooms homes did not move. In September 2022 more than 4 listings in Blue Ridge, VA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 3 were sold below.

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