BOTETOURT COUNTY HOUSING MARKET DATA

There was an increase in total units sold in July, with 38 sold this month in Botetourt County Real Estate versus 34 last month, an increase of 12%. This month's total units sold was higher than at this time last year, an increase of 23% versus July 2024.

Versus last year, the total number of homes available this month is higher by 35 units or 57%. The total number of active inventory this July was 96 compared to 61 in July 2024. This month's total of 96 is higher than the previous month's total supply of available inventory of 91, an increase of 5%.

Last July, the median sale price for Botetourt County Homes was $420,000. This July, the median sale price was $365,950, a decrease of 13% or $54,050 compared to last year. The current median sold price is 3% lower than in June.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In July, there was 2.5 months of supply available in Botetourt County, compared to 2.0 in July 2024. That is an increase of 28% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 49 homes newly listed for sale in Botetourt County compared to 34 in July 2024, an increase of 44%. There were 37 current contracts pending sale this July compared to 33 a year ago. The number of current contracts is 12% higher than last July.

In July, the average sale price in Botetourt County was 98.9% of the average list price, which is 1.3% lower than at this time last year.

This month, the average number of days on market was 41, higher than the average last year, which was 30, an increase of 37%.





FOCUS ON: BOTETOURT COUNTY HOUSING MARKET			JULY 2025

Units Sold 38	Active Inventory 96	Median Sale Price $365,950	Days On Market 41

Up 23% Vs. Year Ago	Up 57% Vs. Year Ago	Down -13% Vs. Year Ago	Up 37% Vs. Year Ago


		Units Sold There was an increase in total units sold in July, with 38 sold this month in Botetourt County Real Estate versus 34 last month, an increase of 12%. This month's total units sold was higher than at this time last year, an increase of 23% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 35 units or 57%. The total number of active inventory this July was 96 compared to 61 in July 2024. This month's total of 96 is higher than the previous month's total supply of available inventory of 91, an increase of 5%.
		Median Sale Price Last July, the median sale price for Botetourt County Homes was $420,000. This July, the median sale price was $365,950, a decrease of 13% or $54,050 compared to last year. The current median sold price is 3% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 49	Current Contracts 37	Sold Vs. List Price 98.9%	Months of Supply 2.5

Up 44% Vs. Year Ago	Up 12% Vs. Year Ago	Down -1.3% Vs. Year Ago	Up 28% Vs. Year Ago


		Months of Supply In July, there was 2.5 months of supply available in Botetourt County, compared to 2.0 in July 2024. That is an increase of 28% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 49 homes newly listed for sale in Botetourt County compared to 34 in July 2024, an increase of 44%. There were 37 current contracts pending sale this July compared to 33 a year ago. The number of current contracts is 12% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Botetourt County was 98.9% of the average list price, which is 1.3% lower than at this time last year. Days on Market This month, the average number of days on market was 41, higher than the average last year, which was 30, an increase of 37%.



	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by Information included in this report is based on data supplied by the Roanoke Valley Association of REALTORS (RVAR) and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace as some brokerages choose not to provide transaction information. This may result in an understatement of completed sales and available listings. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of RVAR or Long & Foster Real Estate, Inc. or Long & Foster Real Estate, Inc.