Roanoke, VA Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Roanoke, VA is $233,850, up 6.3% year-over-year. Homes sell in an average of 56 days with 283 active listings. The market is currently a balanced market.
$233,850median sale price
Is Roanoke a buyer's or seller's market?
Roanoke, VA is currently a balanced market, based on 3.5 months of supply and homes selling in about 56 days. How we determine this →
Homes sold
82
Last 12 weeks
Days on market
56
Average pace
Active listings
283
3.5 months supply
Sale-to-list
96.2%
Below asking
Roanoke, VA market data
| Metric | Value |
|---|---|
| Median sale price | $233,850 |
| Median list price | $269,950 |
| Year-over-year price change | +6.3% |
| Average days on market | 56 days |
| Active inventory | 283 listings |
| Months of supply | 3.5 months |
| Sale-to-list price ratio | 96.2% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Roanoke housing market is currently classified as a balanced market with a median sale price of $233,850. Prices have risen 6.3% compared to last year, with homes spending an average of 56 days on market, indicating 3.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Roanoke
There are currently 283 homes listed for sale in Roanoke, Virginia. The median listing price is $270K.
Active listings
283
Homes on market
Median list price
$270K
Avg. days on market
56
Days until sale
New this week
104
Newly listed
Top public schools in Roanoke
47 schools tracked · 22,634 students
The largest public schools serving Roanoke, VA 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.
Patrick Henry High
Grades 9-12 · 2,016 students
William Fleming High
Grades 9-12 · 1,909 students
Cave Spring High
Grades 9-12 · 1,075 students
Northside High
Grades 9-12 · 923 students
Hidden Valley High
Grades 9-12 · 851 students
Cave Spring Middle
Grades 6-8 · 751 students
Round Hill Elementary
Grades PK-5 · 704 students
Woodrow Wilson Middle
Grades 6-8 · 682 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Roanoke?
The median home sale price in Roanoke is $233,850, up 6.3% from last year.
How long do homes stay on market in Roanoke?
Homes typically spend 56 days on market before going under contract.
Is Roanoke a buyer's or seller's market?
With 3.5 months of supply, Roanoke is currently a balanced market.
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