The typical home value in
Grissom-Highland
is projected to be
$539,680
for the month of
July.
June’s
finalized data reported the typical value of a home in the
neighborhood
to be
$518,430—up
12.09%
over the previous 12 months.
For comparison,
city-level
data pegged home values at
$445,000
in
Blacksburg
for the most recent reporting period.
That number is expected to float around
$454,500
in
July.
Grissom-Highland
had
5
new listings and
3
listings that went under contract in
June,
decreasing
the area’s total available inventory to
4—down
0.0%
from the previous month. Inventory is projected to have further
decreased
in
July.
The median listing price for homes in
Grissom-Highland
fell
24.38%
from
May
to
June,
bringing the current median listing price to
$535,000.
Based on projected data for
July,
listing prices may continue to
fall.
The number of days that homes have been on the market prior to going under contract
fell
year-over-year. In
June 2025,
the median time for a listed property to go pending was
48.5
days, compared to
93
days in
June 2024.
In recent months the median number of days from listed to pending appears to be decreasing.
That trend is predicted to have carried through to this
July.
