Is Blue Ridge, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Blue Ridge was a Seller's Market.
Housing Prices in Blue Ridge, VA
How much do homes in Blue Ridge, VA cost?
Median Sold Price
$350,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Blue Ridge was $350,000 in March 2024, up 40% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $126K | N/A |
2 Bedrooms | $179.9K | $196.5K | +9.3% |
3 Bedrooms | $224.9K | $333.8K | +48.4% |
4 Bedrooms | $325K | $375K | +15.4% |
5+ Bedrooms | $550K | $333.2K | -39.4% |
Summary: Blue Ridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 48.4%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 39.4%.
Median Sold Price Compared To Nearby Cities
Blue Ridge | $250K | $350K | +40.0% |
Blackwater | $292.5K | $343.4K | +17.4% |
Housing Supply in Blue Ridge, VA
How many homes are available in Blue Ridge, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 30 | +150.0% |
Summary: The Blue Ridge real estate market had 30 homes for sale in March 2024, a 150.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 5 | 12 | +140.0% |
4 Bedrooms | 4 | 13 | +225.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Blue Ridge housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 140%, 4 bedroom homes increased by 225%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Blue Ridge in March 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% 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