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BLACKWATER, VA 24221

Real Estate Market Report  ·  Lee County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
4
⇩ 20% vs 5 last year
Pending
2
50% pending ratio
Median Price
$164,500
⇩ 28.9% vs $231,250 last year
Average Price
$164,500
⇩ 35.1% vs $253,625 last year
Days on Market
246
⇧ 30.2% vs 189 days last year

Market Context

Population: 545  ·  Density: 4.1/mi²  ·  Median household income: $50,313

Typical home value: $130,596  ·  Homeownership: 99.1%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The BLACKWATER, VA real estate market (24221) currently shows 4 active listings, with 2 pending sales. Homes are averaging 246 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 246 days on market compared to 189 days last year.

The median listing price has fallen 28.9% year-over-year, from $231,250 to $164,500.

Whether you are buying or selling in BLACKWATER, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 5 last year
  • Days on market: 246 now vs 189 last year

Median & Average Pricing

Year over Year
  • Median: $164,500 (-28.9% YoY)
  • Average: $164,500 (-35.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.7 miles — 196 listings ($83,086,876 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24221Blackwater, VA 242210.0 mi4$658,000$164,500$164,500
37731Eidson, TN 377316.3 mi11$5,700,596$498,000$518,236
24263Jonesville, VA 242639.1 mi15$5,041,995$230,000$336,133
37873Surgoinsville, TN 3787311.1 mi15$6,248,715$380,000$416,581
24282Saint Charles, VA 2428213.4 mi2$202,500$101,250$101,250
37869Sneedville, TN 3786916.2 mi38$27,115,508$285,000$713,566
40828Evarts, KY 4082818.5 mi8$548,448$49,900$68,556
40818Coalgood, KY 4081818.9 mi1$145,000$145,000$145,000
24219Big Stone Gap, VA 2421920.2 mi32$8,925,088$220,000$278,909
24251Gate City, VA 2425121.6 mi22$6,903,600$289,900$313,800
40823Cumberland, KY 4082322.3 mi8$1,790,880$174,500$223,860
37811Mooresburg, TN 3781122.8 mi14$13,381,634$749,000$955,831
37665Kingsport, TN 3766523.7 mi26$6,424,912$239,000$247,112

Frequently Asked Questions

How many homes are for sale in BLACKWATER, VA 24221?

As of January 2026, there are 4 active listings in BLACKWATER, VA (zip code 24221), compared to 5 the prior year.

What is the median home price in BLACKWATER, VA 24221?

The median listing price in BLACKWATER, VA 24221 is $164,500 as of January 2026, a 28.9% decrease from $231,250 the prior year.

How long do homes stay on the market in BLACKWATER, VA?

Homes in BLACKWATER, VA 24221 spend an average of 246 days on the market before going under contract, compared to 189 days the prior year.

Is it a seller's or buyer's market in BLACKWATER, VA 24221?

Based on current inventory and days-on-market data as of January 2026, BLACKWATER, VA 24221 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 246 days on market compared to 189 days last year.

How much can I save on real estate commission in BLACKWATER, VA?

With SELL123.com's maximum 3% commission, sellers in BLACKWATER, VA 24221 save an estimated $3,290 compared to a typical 5% commission on the median listing price of $164,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.