Is Roanoke County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Roanoke County has remained a Seller's Market.
Key Takeaway
Roanoke County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Roanoke County, VA
How much do homes in Roanoke County, VA cost?
Median Sold Price
$309,794
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Roanoke County have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Roanoke County was $309,794 in April 2024, up 7.7% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $113.5K | $145K | +27.8% |
| 2 Bedrooms | $206K | $215K | +4.4% |
| 3 Bedrooms | $263.6K | $281.2K | +6.7% |
| 4 Bedrooms | $337K | $365K | +8.3% |
| 5+ Bedrooms | $437.5K | $525K | +20.0% |
Summary: Roanoke County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.8%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Counties
| Franklin County | $315K | $349.4K | +10.9% |
| Roanoke County | $287.5K | $309.7K | +7.7% |
| Botetourt County | $326.6K | $335K | +2.6% |
Housing Supply in Roanoke County, VA
How many homes are available in Roanoke County, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 308 | 409 | +32.8% |
Summary: The Roanoke County real estate market had 409 homes for sale in April 2024, a 32.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 28 | 36 | +28.6% |
| 3 Bedrooms | 144 | 177 | +22.9% |
| 4 Bedrooms | 102 | 146 | +43.1% |
| 5+ Bedrooms | 33 | 49 | +48.5% |
Summary: The Roanoke County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 43.1%, and 5+ bedroom homes increased by 48.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 70 | 89 | +27.1% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Roanoke County, you could pay more than the asking price. 36% of homes here sold above asking price last month.
Summary: A total of 89 homes were sold or pending in Roanoke County in April 2024, up by 27.1% month-over-month. Of the 89 sold homes, 30% were sold under asking, 34% were sold at asking, and 36% 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.