Is Roanoke County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Roanoke County was a Seller's Market.
Key Takeaway
Roanoke County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Roanoke County, VA
How much do homes in Roanoke County, VA cost?
Median Sold Price
$306,110
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Roanoke County have sold for 6% more than they did a year ago.
Summary: The median home sold price in Roanoke County was $306,110 in March 2024, up 6% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116K | $126K | +8.6% |
| 2 Bedrooms | $206K | $215K | +4.4% |
| 3 Bedrooms | $263.7K | $280K | +6.2% |
| 4 Bedrooms | $335K | $360.5K | +7.6% |
| 5+ Bedrooms | $435K | $525K | +20.7% |
Summary: Roanoke County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 20.7%.
Median Sold Price Compared To Nearby Counties
| Franklin County | $312.7K | $340K | +8.7% |
| Roanoke County | $288.6K | $306.1K | +6.0% |
| Botetourt County | $327.7K | $335K | +2.2% |
Housing Supply in Roanoke County, VA
How many homes are available in Roanoke County, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 294 | 366 | +24.5% |
Summary: The Roanoke County real estate market had 366 homes for sale in March 2024, a 24.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 31 | 34 | +9.7% |
| 3 Bedrooms | 155 | 167 | +7.7% |
| 4 Bedrooms | 83 | 126 | +51.8% |
| 5+ Bedrooms | 25 | 38 | +52.0% |
Summary: The Roanoke County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 51.8%, and 5+ bedroom homes increased by 52%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 78 | 56 | -28.2% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Roanoke County, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 56 homes were sold or pending in Roanoke County in March 2024, down by 28.2% month-over-month. Of the 56 sold homes, 38% were sold under asking, 34% were sold at asking, and 29% were sold over asking.
Days on Market for Roanoke County, VA
We’re sorry, we don't have information for this market at the moment
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.