Is Blackwater, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blackwater is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Blackwater was a Seller's Market.

Key Takeaway

Blackwater is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Blackwater, VA

How much do homes in Blackwater, VA cost?

Median Sold Price

$330,000

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$3,650(-1.1%)

Key Takeaway

Homes in Blackwater have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in Blackwater was $330,000 in November 2024, down 1.1% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$247.4K
N/A
2 $135K$144.9K
+7.3%
3 $260K$308.5K
+18.7%
4 $425K$445.5K
+4.8%
5+ $600K$366.3K
-38.9%

Summary: Blackwater housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 38.9%.

Median Sold Price Compared To Nearby Cities

Rocky Mount
+17.9%
Blue Ridge
+2.0%
Blackwater
-1.1%
Callaway
-1.5%

Housing Supply in Blackwater, VA

How many homes are available in Blackwater, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2127+28.6%

Summary: The Blackwater real estate market had 27 homes for sale in November 2024, a 28.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1014
+40.0%
4 89
+12.5%
5+ 00
0.0%

Summary: The Blackwater housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blackwater, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Blackwater in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Blackwater, VA

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Blackwater, VA

Nearby Markets to Blackwater, VA

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