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Featured local agent — Roanoke, IN
Sarah Mitchell
Compass Real Estate · Roanoke, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Roanoke, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$240,000median sale price
How is the Roanoke, IN housing market right now?
The median home sale price in Roanoke, IN is $240,000, down 12.1% year-over-year. Homes sell in an average of 9 days with 5 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Roanoke a buyer's or seller's market?
Roanoke, IN is currently a strong seller's market, based on 1.7 months of supply and homes selling in about 9 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
9
Fast-moving
Active listings
5
1.7 months supply
Sale-to-list
97.0%
Below asking
What does the Roanoke housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $240,000 |
| Median list price | $279,900 |
| Year-over-year price change | -12.1% |
| Average days on market | 9 days |
| Active inventory | 5 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 97.0% |
| Median price per sq ft | $120/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 2 |
| Listings with a price cut | 60.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Roanoke by property type?
How the Roanoke, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $240,000 | $120/sq ft | 3 | 9 days |
| Condo / Co-op | $258,949 | $192/sq ft | 2 | 128 days |
Source: Redfin · Updated monthly
The Roanoke housing market is currently classified as a strong seller's market with a median sale price of $240,000. Prices have fallen 12.1% compared to last year, with homes spending an average of 9 days on market, indicating 1.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.1x provides context for how home values compare to local earning capacity.
Homes for sale in Roanoke
There are currently 5 homes listed for sale in Roanoke, Indiana. The median listing price is $280K.
Active listings
5
Homes on market
Median list price
$280K
Avg. days on market
9
Days until sale
New this week
2
Newly listed
Who lives in Roanoke?
Population
1,819
Median income
$72,880/yr
Median age
39.6 years
Owner-occupied
83.0%
College grads
25.5%
Avg commute
28.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Roanoke?
Zillow home value
$373,376
Price-to-income
5.1x
Source: Zillow Research
What is it like to live in Roanoke?
Roanoke is a community of approximately 2K residents with a median age of 39.6 years.The median household income is $72,880, which represents a working-class community with solid middle-income opportunities. 25.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 83.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Roanoke offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Roanoke?
2 schools tracked · 1,007 students
The largest public schools serving Roanoke, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lafayette Meadow School
Grades K-5 · 598 students
Roanoke Elementary School
Grades K-5 · 409 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Roanoke, IN?
Want a head-to-head view? Compare Roanoke side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Roanoke?
The median home sale price in Roanoke is $240,000, down 12.1% from last year.
How long do homes stay on market in Roanoke?
Homes typically spend 9 days on market before going under contract.
What is the median income in Roanoke?
The median household income is $72,880 per year.
Is Roanoke a buyer's or seller's market?
With 1.7 months of supply, Roanoke is currently a strong seller's market.
What is the Zillow home value estimate for Roanoke?
The Zillow Home Value Index (ZHVI) for Roanoke is $373,376, representing the typical home value in the area.
What is the median condo price in Roanoke?
The median condo/co-op sale price in Roanoke, IN is $258,949, compared to $240,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Roanoke?
The median single-family home price in Roanoke, IN is $240,000 (about $120 per square foot).
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