New River Valley December Market Update

In 2019, The Scott Bunn Division successfully helped over 75 people buy or sell real estate and continued to be a Top producing agent in Blacksburg Ch...

2021 was quite the year!

Between August 2020 and August 2021, home prices across the United States and Canada rose to record levels, with the U.S. housing market rising to a record of 19.9% and the Canadian housing market rising to a record 21.4%.

2022 stands to be another strong year for sellers. If you're thinking about selling your home, being aware of the trends in the market will help you understand the strength of the market.

Our 2021 Year in Review market update showcases everything you need to know about local real estate trends as we head into the new year.

December 2021 Year in Review

3.4

Months of Supply

What's My Home Value?

160

New Listings

155

Under Contract

795

Active Listings

202

Closed Sales

Homes Sold

97.5%

Sale-to-List Price

$277,073

Average Sales Price

$224,000

Median Sales Price

43

Average Days on Market

2021 YTD in Review

$252,978

Average Sales Price

What's My Home Value?

3,137

New Listings

98.7%

% of List Price Received

44

Days on Market

2,776