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Roanoke Market Report

$295,303

AVERAGE PRICE OF 652 HOMES

$266,475

AVERAGE PRICE OF 4 DISTRESSED HOMES

$1,288,465

AVERAGE PRICE OF 11 MULTI-MILLION DOLLAR HOMES

$396,401

AVERAGE PRICE OF 72 NEWLY BUILT HOMES

$345,455

AVERAGE PRICE OF 45 HOMES WITH A POOL

$251,776

AVERAGE PRICE OF 23 REDUCED PRICE HOMES

Average Home

Average Price $295,303
Avg Bedrooms 3.5 beds
Avg Bathrooms 2.53 baths

Average Price by Bedrooms

1 bedroom $111,956
2 bedrooms $186,638
3 bedrooms $184,389
4 bedrooms $302,195
5 bedrooms $510,802
Roanoke Home Price Trends
  9/2021 8/2021 7/2021 6/2021 5/2021
Total Listings 654 674 678 684 648
Average Price $288,184 $281,239 $286,139 $292,923 $295,675
Avg Price Change +2.47% -1.74% -2.37% -0.94% -1.67%
Median Price $247,533 $242,027 $235,792 $231,857 $235,897
Med Price Change +2.27% +2.64% +1.70% -1.74% -2.87%
Avg Bedrooms 3.54 beds 3.43 beds 3.51 beds 3.5 beds 3.44 beds
Avg Bathrooms 2.51 baths 2.29 baths 2.36 baths 2.31 baths 2.23 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cave Spring 99 $421,940 90 days
Hidden Valley 79 $401,709 74 days
Northside 81 $242,507 56 days
Patrick Henry 194 $283,545 50 days
William Fleming 140 $180,315 55 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 652 $295,303 180 days
Distressed Homes 4 $266,475 37 days
Multi-Million Dollar Homes 11 $1,288,465 116 days
Newly Built Homes 72 $396,401 174 days
Homes with a Pool 45 $345,455 46 days
Reduced Price Homes 23 $251,776 42 days
United Home Group
2840 Electric Road Suite 104
Roanoke, VA 24018
434-660-6020

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
Last updated; multiple times October 19, 2021. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2021 MLS and FBS. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited. The information on this sheet has been made available by the MLS and may not be the listing of the provider.
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