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Roanoke Market Report

$332,727

AVERAGE PRICE OF 427 HOMES

$175,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,524,825

AVERAGE PRICE OF 12 MULTI-MILLION DOLLAR HOMES

$444,608

AVERAGE PRICE OF 31 NEWLY BUILT HOMES

$472,688

AVERAGE PRICE OF 26 HOMES WITH A POOL

$408,254

AVERAGE PRICE OF 25 REDUCED PRICE HOMES

Average Home

Average Price $332,727
Avg Bedrooms 3.53 beds
Avg Bathrooms 1.99 baths

Average Price by Bedrooms

1 bedroom $185,975
2 bedrooms $242,064
3 bedrooms $236,611
4 bedrooms $304,238
5 bedrooms $451,740
Roanoke Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 446 470 488 472 466
Average Price $329,057 $333,417 $337,380 $344,557 $350,447
Avg Price Change -1.32% -1.19% -2.13% -1.71% -2.68%
Median Price $269,212 $274,764 $276,144 $280,363 $281,982
Med Price Change -2.06% -0.50% -1.53% -0.58% -4.00%
Avg Bedrooms 3.52 beds 3.48 beds 3.49 beds 3.51 beds 3.29 beds
Avg Bathrooms 2.06 baths 2.09 baths 2.12 baths 2.13 baths 2.02 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cave Spring 52 $520,807 98 days
Hidden Valley 33 $350,658 65 days
Northside 52 $308,692 75 days
Patrick Henry 148 $325,486 68 days
William Fleming 104 $226,106 58 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 427 $332,727 60 days
Distressed Homes 1 $175,000 26 days
Multi-Million Dollar Homes 12 $1,524,825 169 days
Newly Built Homes 31 $444,608 108 days
Homes with a Pool 26 $472,688 47 days
Reduced Price Homes 25 $408,254 77 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 December 2, 2023. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2023 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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