Is Roanoke County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Roanoke County has remained a Seller's Market.
Housing Prices in Roanoke County, VA
How much do homes in Roanoke County, VA cost?
Median Sold Price
$309,950
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Roanoke County was $309,950 in May 2024, up 6.9% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $113.5K | $145K | +27.8% |
2 Bedrooms | $207.2K | $215K | +3.7% |
3 Bedrooms | $265K | $282.3K | +6.5% |
4 Bedrooms | $340.5K | $365K | +7.2% |
5+ Bedrooms | $435K | $525K | +20.7% |
Summary: Roanoke County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.8%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 20.7%.
Median Sold Price Compared To Nearby Counties
Franklin County | $319.6K | $349.9K | +9.5% |
Roanoke County | $289.9K | $309.9K | +6.9% |
Craig County | $179.8K | $185K | +2.8% |
Botetourt County | $333.2K | $339.9K | +2.0% |
Housing Supply in Roanoke County, VA
How many homes are available in Roanoke County, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
366 | 465 | +27.0% |
Summary: The Roanoke County real estate market had 465 homes for sale in May 2024, a 27.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 33 | 40 | +21.2% |
3 Bedrooms | 161 | 213 | +32.3% |
4 Bedrooms | 128 | 160 | +25.0% |
5+ Bedrooms | 43 | 49 | +14.0% |
Summary: The Roanoke County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 32.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 14%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
99 | 102 | +3.0% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 102 homes were sold or pending in Roanoke County in May 2024, up by 3.0% month-over-month. Of the 102 sold homes, 32% were sold under asking, 36% were sold at asking, and 31% were sold over asking.
Days on Market for Roanoke County, VA
How long does it take to sell a home in Roanoke County, VA?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 102 homes were sold in Roanoke County; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.