$4,927 Closing Credit*
$414,900
1,630 SqFt
3 Beds
•2 Full Baths
Justin Marks, Listing Office: Napier Realtors, ERA
Is Blackwater, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Blackwater has remained a Seller's Market.
Key Takeaway
Blackwater is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Blackwater, VA
How much do homes in Blackwater, VA cost?
Median Sold Price
$322,500
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$17,500(-5.1%)
Key Takeaway
Homes in Blackwater have sold for 5.1% less than they did a year ago.
Summary: The median home sold price in Blackwater was $322,500 in October 2024, down 5.1% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $305K | +1.7% |
| 2 Bedrooms | $168.5K | $225K | +33.5% |
| 3 Bedrooms | $294.5K | $317.5K | +7.8% |
| 4 Bedrooms | $362.5K | $335K | -7.6% |
| 5+ Bedrooms | $375K | $475.5K | +26.8% |
Summary: Blackwater housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 33.5%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes increased by 26.8%.
Median Sold Price Compared To Nearby Cities
| Disputanta | $326.9K | $367.5K | +12.4% |
| Hopewell | $228K | $239.9K | +5.2% |
| Prince George | $325K | $330K | +1.5% |
| Blackwater | $340K | $322.5K | -5.1% |
Housing Supply in Blackwater, VA
How many homes are available in Blackwater, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The Blackwater real estate market had 18 homes for sale in October 2024, a 20.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Blackwater housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Blackwater, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Blackwater in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Blackwater, VA
How long does it take to sell a home in Blackwater, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 21 Days | -21.3% |
Summary: Homes in Blackwater had an average of 21 days on market in Oct 2024, down by 21.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Blackwater are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Blackwater; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.