Is Blackstone, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Blackstone has remained a Seller's Market.
Key Takeaway
Blackstone is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Blackstone, VA
How much do homes in Blackstone, VA cost?
Median Sold Price
$214,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Blackstone have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in Blackstone was $214,000 in March 2024, up 14.1% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $525.2K | N/A |
| 2 Bedrooms | $127.5K | $125K | -2.0% |
| 3 Bedrooms | $185K | $189.9K | +2.7% |
| 4 Bedrooms | $353.1K | $275K | -22.1% |
| 5+ Bedrooms | $417.2K | $1.0M | +151.7% |
Summary: Blackstone housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 22.1%, and 5+ bedroom homes increased by 151.7%.
Housing Supply in Blackstone, VA
How many homes are available in Blackstone, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 27 | +17.4% |
Summary: The Blackstone real estate market had 27 homes for sale in March 2024, a 17.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Blackstone housing inventory by bedroom type for March 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 10%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blackstone, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Blackstone in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Blackstone, VA
How long does it take to sell a home in Blackstone, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 68 Days | +200.9% |
Summary: Homes in Blackstone had an average of 68 days on market in Mar 2024, up by 200.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Blackstone are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Blackstone; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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