Blacksburg’s 2025 Housing Market Year in Review: Still Expensive, Somehow Scarcer

Despite fewer listings, fewer buyers, and fewer reasons, homes continue to sell for more than anyone remembers agreeing to.

BLACKSBURG, VA — The Blacksburg housing market concluded 2025 much the way it spent the year: expensive, limited, and increasingly theoretical for most residents.

According to aggregated data from January through November, the median home sale price in Blacksburg reached $313,923, a figure experts say reflects both the town’s continued desirability and the collective decision by many homeowners to simply not move. Monthly inventory averaged 315 homes, with a supply of 2.5 months, signaling a market where buyers remain interested but options remain scarce.

Local real estate analysts noted that while national housing trends have been defined by elevated mortgage rates and historically low transaction volume, Blacksburg’s market has behaved with a kind of polite defiance. Homes spent an average of 27.1 days on the market, moving faster than the national average, despite prices remaining well above what many residents remember as reasonable.

“Sellers didn’t panic,” said one agent familiar with the market. “They just waited.”

With 131 monthly home sales and 13 new construction sales, the market showed steady, if restrained, activity. Many potential sellers opted out entirely, further limiting inventory and helping keep prices high despite fewer transactions overall.

Looking ahead, analysts expect affordability to improve gradually in 2026, assuming conditions improve nationally. Locally, however, residents remain cautiously optimistic, a posture defined less by expectation and more by habit.