BLACKWELL AND BROAD ROCK HOUSING MARKET DATA

There was an increase in total units sold in July, with 36 sold this month in Blackwell and Broad Rock Real Estate versus 35 last month, an increase of 3%. This month's total units sold was lower than at this time last year, a decrease of 14% versus July 2024.

Versus last year, the total number of homes available this month is higher by 1 units or 1%. The total number of active inventory this July was 85 compared to 84 in July 2024. This month's total of 85 is lower than the previous month's total supply of available inventory of 95, a decrease of 11%.

Last July, the median sale price for Blackwell and Broad Rock Homes was $262,500. This July, the median sale price was $256,475, a decrease of 2% or $6,025 compared to last year. The current median sold price is 3% lower than in June.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In July, there was 2.4 months of supply available in Blackwell and Broad Rock, compared to 2.0 in July 2024. That is an increase of 18% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 34 homes newly listed for sale in Blackwell and Broad Rock compared to 39 in July 2024, a decrease of 13%. There were 31 current contracts pending sale this July compared to 27 a year ago. The number of current contracts is 15% higher than last July.

In July, the average sale price in Blackwell and Broad Rock was 97.9% of the average list price, which is 1.9% lower than at this time last year.

This month, the average number of days on market was 14, higher than the average last year, which was 11, an increase of 27%.





FOCUS ON: BLACKWELL AND BROAD ROCK HOUSING MARKET			JULY 2025

Zip Code(s): 23224
Units Sold 36	Active Inventory 85	Median Sale Price $256,475	Days On Market 14

Down -14% Vs. Year Ago	Up 1% Vs. Year Ago	Down -2% Vs. Year Ago	Up 27% Vs. Year Ago


		Units Sold There was an increase in total units sold in July, with 36 sold this month in Blackwell and Broad Rock Real Estate versus 35 last month, an increase of 3%. This month's total units sold was lower than at this time last year, a decrease of 14% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 1 units or 1%. The total number of active inventory this July was 85 compared to 84 in July 2024. This month's total of 85 is lower than the previous month's total supply of available inventory of 95, a decrease of 11%.
		Median Sale Price Last July, the median sale price for Blackwell and Broad Rock Homes was $262,500. This July, the median sale price was $256,475, a decrease of 2% or $6,025 compared to last year. The current median sold price is 3% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 34	Current Contracts 31	Sold Vs. List Price 97.9%	Months of Supply 2.4

Down -13% Vs. Year Ago	Up 15% Vs. Year Ago	Down -1.9% Vs. Year Ago	Up 18% Vs. Year Ago


		Months of Supply In July, there was 2.4 months of supply available in Blackwell and Broad Rock, compared to 2.0 in July 2024. That is an increase of 18% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 34 homes newly listed for sale in Blackwell and Broad Rock compared to 39 in July 2024, a decrease of 13%. There were 31 current contracts pending sale this July compared to 27 a year ago. The number of current contracts is 15% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Blackwell and Broad Rock was 97.9% of the average list price, which is 1.9% lower than at this time last year. Days on Market This month, the average number of days on market was 14, higher than the average last year, which was 11, an increase of 27%.


	Blackwell and Broad Rock are defined as properties listed in zip code/s 23224.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by CVRMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of CVRMLS or Long & Foster Real Estate, Inc.