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

$759,750

$240/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$82,666(+12.2%)

Key Takeaway

Homes in Blue Ridge have sold for 12.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $390K$310K
-20.5%
2 $491.7K$510K
+3.7%
3 $510K$550K
+7.8%
4 $685K$790.5K
+15.4%
5+ $863K$975K
+13.0%

Median Sold Price Compared To Nearby Cities

Blue Ridge
+12.2%
Purcellville
+6.5%
Bluemont
-0.9%

How many homes are available in Blue Ridge, VA?

Number of Homes For Sale

Aug 2022Sep 2022%
1821820.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 12
+100.0%
2 64
-33.3%
3 4146
+12.2%
4 6775
+11.9%
5+ 6755
-17.9%

Number of Homes Sold

Aug 2022Sep 2022%
4647+2.2%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blue Ridge, you may be able to get a good deal. 36.2% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
24 Days24 Days-1.1%

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Blue Ridge are selling fast, if you're buying plan to act quickly.

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

About Blue Ridge, VA

Number of homes for sale in Blue Ridge, VA real estate market have reached 182. In September 2022, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $759,750. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 20.5% more cheaper, 2 bedrooms properties became 3.7% more expensive, 3 bedrooms properties prices increased by 7.8%, 4 bedrooms properties prices increased by 15.4%, prices of 5 bedrooms properties went up by 13%. This housing market inventory have changed: the quantity of 1 bedroom homes went up by 100%, 2 bedrooms homes became 33.3% less available, the quantity of 3 bedrooms homes went up by 12.2%, the quantity of 4 bedrooms homes went up by 11.9%, 5 bedrooms homes became 17.9% less available. While more than 15 listings in Blue Ridge, VA in September 2022 were sold above asking price, there were more than 15 listings sold at asking price, and more than 17 were sold below.

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