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Featured local agent — Roanoke, VA
Sarah Mitchell
Compass Real Estate · Roanoke, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Roanoke, VA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$250,500median sale price
How is the Roanoke, VA housing market right now?
The median home sale price in Roanoke, VA is $250,500, up 1.8% year-over-year. Homes sell in an average of 21 days with 322 active listings. The market is currently a 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, VA is currently a seller's market, based on 2.5 months of supply and homes selling in about 21 days. How we determine this →
Homes sold
128
Last 12 weeks
Days on market
21
Average pace
Active listings
322
2.5 months supply
Sale-to-list
97.8%
Below asking
What does the Roanoke housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $250,500 |
| Median list price | $258,950 |
| Year-over-year price change | +1.8% |
| Average days on market | 21 days |
| Active inventory | 322 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 97.8% |
| Median price per sq ft | $142/sq ft |
| Homes sold (latest month) | 128 |
| New listings (latest month) | 150 |
| Listings with a price cut | 38.8% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Roanoke by property type?
How the Roanoke, VA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $250,000 | $141/sq ft | 117 | 19 days |
| Condo / Co-op | $255,000 | $171/sq ft | 5 | 62 days |
| Townhouse | $435,000 | $226/sq ft | 2 | 279 days |
Source: Redfin · Updated monthly
The Roanoke housing market is currently classified as a seller's market with a median sale price of $250,500. Prices have risen 1.8% compared to last year, with homes spending an average of 21 days on market, indicating 2.5 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 5.4x provides context for how home values compare to local earning capacity.
Homes for sale in Roanoke
There are currently 322 homes listed for sale in Roanoke, Virginia. The median listing price is $259K.
Active listings
322
Homes on market
Median list price
$259K
Avg. days on market
21
Days until sale
New this week
150
Newly listed
Who lives in Roanoke?
Population
98,677
Median income
$52,671/yr
Median age
38 years
Owner-occupied
51.7%
College grads
28.9%
Avg commute
19.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Roanoke?
Zillow home value
$285,213
Zillow rent index
$1,394/mo
Price-to-rent ratio
17.0x
Price-to-income
5.4x
Source: Zillow Research
What is it like to live in Roanoke?
Roanoke is a community of approximately 99K residents with a median age of 38 years.The median household income is $52,671, which represents a working-class community with solid middle-income opportunities. 28.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 51.7%, showing a blend of owner and renter-occupied properties. The average commute time is 19.9 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?
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.
Which cities are near Roanoke, VA?
Want a head-to-head view? Compare Roanoke side-by-side with any other U.S. city using our market-comparison tool.
Is Roanoke a good real estate investment market?
For investors evaluating Roanoke, the price-to-rent ratio of 17.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 1.8% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Roanoke's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Roanoke's median home price.
Frequently asked questions
What is the average home price in Roanoke?
The median home sale price in Roanoke is $250,500, up 1.8% from last year.
How long do homes stay on market in Roanoke?
Homes typically spend 21 days on market before going under contract.
What is the median income in Roanoke?
The median household income is $52,671 per year.
Is Roanoke a buyer's or seller's market?
With 2.5 months of supply, Roanoke is currently a seller's market.
What is the Zillow home value estimate for Roanoke?
The Zillow Home Value Index (ZHVI) for Roanoke is $285,213, 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, VA is $255,000, compared to $250,000 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, VA is $250,000 (about $141 per square foot).
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