Condos Sold
In 2023, condos and townhomes together made up 31% of the units sold in Blacksburg, when compared to single family homes making up the balance of the market at 69%. In 2023, the Condo Median price reached a high of $242k, up 10% from 2022’s Median Price of $220k. Upward growth in 2024 will hinge directly on the classic factors of Supply and Demand, driven by sellers’ tendency to sell and buyers’ tolerance of higher mortgage interest rates.