Roanoke - VA housing market
The Roanoke metro has a typical home value of $297,806, up 3.6% from a year ago. Homes are moving fast at 19 days on market - a strong seller's market. 25% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($297,806) is the Zillow Home Value Index for the Roanoke - VA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 3.6% over the past year. In Roanoke - VA, that means a home worth $287,458 last year is now worth roughly $297,806.
The median sale price , what homes actually close for , is $272,998. Homes are selling at 97.4% of list price, meaning buyers have room to negotiate.
Homes listed in Roanoke - VA sit on the market for roughly 19 days before going pending. Shorter = seller's market; longer = buyer's market.
About 25.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 402 new listings hit the market each month in Roanoke - VA. There are currently 1,145 homes for sale, up 21.3% from a year ago.
The typical monthly rent in Roanoke - VA is $1,385, up 4.2% year over year. For investors, the price-to-rent ratio here is roughly 18x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in VA
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Washington - DC | $582,461 | -0.5% | 9.0d |
| Virginia Beach - VA | $371,148 | +2.3% | 25.0d |
| Richmond - VA | $393,943 | +2.1% | 7.0d |
| Lynchburg - VA | $288,024 | +2.3% | 20.0d |