Roanoke - VA housing market
The Roanoke metro has a typical home value of $301,139, up 3.8% from a year ago. Homes are moving fast at 13 days on market - a strong seller's market. 26% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($301,139) 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 3.8% over the past year. In Roanoke - VA, that means a home worth $290,115 last year is now worth roughly $301,139.
The median sale price , what homes actually close for , is $282,750. Homes are selling at 97.5% of list price, meaning buyers have room to negotiate.
Homes listed in Roanoke - VA sit on the market for roughly 13 days before going pending. Shorter = seller's market; longer = buyer's market.
About 26.5% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 468 new listings hit the market each month in Roanoke - VA. There are currently 1,243 homes for sale, up 16.7% from a year ago.
The typical monthly rent in Roanoke - VA is $1,403, up 5.0% 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 | $583,013 | -0.5% | 8.0d |
| Virginia Beach - VA | $373,678 | +2.5% | 22.0d |
| Richmond - VA | $397,705 | +2.3% | 6.0d |
| Lynchburg - VA | $291,459 | +2.7% | 13.0d |