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Black Lick Housing Market Report July 2025•Wythe County, Virginia

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Housing Prices in Black Lick, VA

How much do homes in Black Lick, VA cost?

Housing Market Conditions

Is Black Lick, VA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Black Lick is a Seller's Market

Difference Since July 2024

Since last year, Black Lick has remained a Seller's Market.

Insight

Black Lick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$215,000$134/SqFt
+$3,050
+1.4%

Based on all homes sold in the last 12 months

Insight

Homes in Black Lick have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Black Lick was $215,000 in July 2025, up 1.4% from last year, and the median price per square foot was $134.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
West Wytheville
+14.3%
Wytheville
+10.3%
Black Lick
+1.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJul 2024Jul 2025Change YoY
1--
N/A
2$115.5K$152.5K
+32.0%
3$211.9K$195K
-8.0%
4$271.2K$284.5K
+4.9%
5$725K$285K
-60.7%

Summary: Black Lick housing price by bedroom type for July 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +32.0%. The home price for 3 bedroom homes decreased by -8.0%. The home price for 4 bedroom homes increased by +4.9%. The home price for 5 bedroom homes decreased by -60.7%.

How does Black Lick, VA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Black Lick, VA

Housing supply in Black Lick, VA

How many homes are available in Black Lick, VA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
3Last MonthJul 2025
22 months agoJun 2025
+50.0 %
Change MoMJun – Jul

Summary: The Black Lick real estate market had 3 homes for sale in Jul 2025, a 50.0 % increase compared to Jun 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
1Last MonthJul 2025
02 months agoJun 2025
+100.0 %
Change MoMJun – Jul

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJun 2025Jul 2025Change MoM
100
0.0%
200
0.0%
323
+50.0%
400
0.0%
500
0.0%

Summary: Black Lick housing inventory by bedroom type for July 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +50.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Black Lick, VA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Black Lick, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Black Lick in July 2025, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Black Lick, VA

How long does it take to sell a home in Black Lick, VA?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Black Lick has remained consistent over time.

Summary: During July 2025, 1 homes were sold in Black Lick; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
76 DaysThis YearJul 2025
389 Days1 year agoJul 2024
-80.5 %
Change YoYJul 2024 – Jul 2025

Summary: Homes in Black Lick had an average listing age of 76 days in Jul 2025, down by 80.5% compared to the previous year.

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Newest Listings in Black Lick, VA

What homes are available in Black Lick, VA?

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Nearby markets

Nearby markets aren't available for Black Lick, VA

Popular Cities with Homes for Sale in Virginia

MLS Disclaimers and Copyright

Based on information from Southwest Virginia Association of REALTORS® MLS, for the period 08/01/2023 - 08/01/2025

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the SW VA Association of REALTORS® Multiple Listing Service. The SWVAR IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is 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. Information herein is deemed reliable but not guaranteed, representations are approximate, individual verifications are recommended. Copyright 2025 Southwest Virginia Association of REALTORS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/4/2025, 3:45:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.