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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blackwater is a buyer's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Blackwater, VA cost?

Median Sold Price

$290,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$15,050(+5.5%)

Key Takeaway

Homes in Blackwater have sold for 5.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 -$262K
N/A
2 $137.5K$175K
+27.3%
3 $262K$290K
+10.7%
4 $345K$335K
-2.9%
5+ $375K$465.5K
+24.1%

Median Sold Price Compared To Nearby Cities

Rocky Mount
+40.8%
Blue Ridge
+16.6%
Blackwater
+5.5%

How many homes are available in Blackwater, VA?

Number of Homes For Sale

Aug 2022Sep 2022%
2231+40.9%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 26
+200.0%
3 1415
+7.1%
4 59
+80.0%
5+ 11
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
53-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was 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. 66.7% of homes here sold below asking price last month.

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

About Blackwater, VA

Number of homes for sale in Blackwater, VA real estate market have reached 31. The number of listings in Blackwater, VA increased by 40.9% between August 2022 and September 2022. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties increased by 27.3%, prices of 3 bedrooms properties increased by 10.7%, prices of 4 bedrooms properties decreased by 2.9%, prices of 5 bedrooms properties went up by 24.1%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, 2 bedrooms homes inventory increased by 200%, 3 bedrooms homes inventory increased by 7.1%, number of 4 bedrooms homes increased by 80%, 5 bedrooms homes inventory did not change. In September 2022 more than 0 listings in Blackwater, VA were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 2 were sold below.

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