2020 New River Valley Annual Wrap-Up

2020 Annual Wrap-Up

2020 was a year unlike any other. Though the year was filled with unprecedented tragedy, trials, and tribulations, there were moments of joy worth celebrating—new babies were born, a record number of dogs were adopted, and many experienced the undeniable joy of purchasing a new home. With a sense of gratitude and optimism, we offer this 2020 New River Valley Annual Wrap-Up—we look back to move forward.


  • There were 1,540 total home sales in the MSA in 2020 compared to 1,474 in 2019. This translates into a 4.5% increase.
  • From 2019 to 2020 the average sales price increased by 8.3%. In 2020 the average sales price was $262,493 compared to $242,370 in 2019.
  • In 2020 on average a listing stayed on the market for 41.2 days before closing. The average price per square foot was $134.97.

Click here to read the full report.

We hope the 2020 Nest Annual Wrap-Up gets you thinking about all of the ins and outs of the local and national market. Have questions? Great! Nest is ready to be your local housing market experts!

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