Is Blackwater, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Blackwater was a Seller's Market.
Key Takeaway
Blackwater is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Blackwater, VA
How much do homes in Blackwater, VA cost?
Median Sold Price
$337,400
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Blackwater have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Blackwater was $337,400 in May 2024, up 4.9% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | - | N/A |
| 2 Bedrooms | $151.5K | - | N/A |
| 3 Bedrooms | $305K | $273.5K | -10.3% |
| 4 Bedrooms | $375K | $425K | +13.3% |
| 5+ Bedrooms | $657.5K | $385K | -41.4% |
Summary: Blackwater housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 41.4%.
Median Sold Price Compared To Nearby Cities
| Callaway | $253.8K | $445.5K | +75.5% |
| Blue Ridge | $267K | $355K | +33.0% |
| Blackwater | $321.5K | $337.4K | +4.9% |
| Rocky Mount | $231K | $238.4K | +3.2% |
Housing Supply in Blackwater, VA
How many homes are available in Blackwater, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 29 | +16.0% |
Summary: The Blackwater real estate market had 29 homes for sale in May 2024, a 16.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Blackwater housing inventory by bedroom type for May 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 decreased by 6.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blackwater, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Blackwater in May 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% 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
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes. 
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.