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| FOCUS ON: BOTETOURT COUNTY HOUSING MARKET |
SEPTEMBER 2025 |
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Units Sold
33 |
Active Inventory
88 |
Median Sale Price
$385,000 |
Days On Market
33 |
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Up 22%
Vs. Year Ago |
Up 33%
Vs. Year Ago |
Up 5%
Vs. Year Ago |
Up
Vs. Year Ago |
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Units Sold
There was an increase in total units sold in September, with 33 sold this month in Botetourt County Real Estate versus 32 last month, an increase of 3%. This month's total units sold was higher than at this time last year, an increase of 22% versus September 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 22 units or 33%. The total number of active inventory this September was 88 compared to 66 in September 2024. This month's total of 88 is higher than the previous month's total supply of available inventory of 85, an increase of 4%.
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Median Sale Price
Last September, the median sale price for Botetourt County Homes was $365,000. This September, the median sale price was $385,000, an increase of 5% or $20,000 compared to last year. The current median sold price is 1% higher than in August.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
45 |
Current Contracts
30 |
Sold Vs. List Price
97.9% |
Months of Supply
2.7 |
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Up 22%
Vs. Year Ago |
Down -6%
Vs. Year Ago |
Down -0.7%
Vs. Year Ago |
Up 9%
Vs. Year Ago |
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Months of Supply
In September, there was 2.7 months of supply available in Botetourt County, compared to 2.4 in September 2024. That is an increase of 9% 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.
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New Listings & Current Contracts
This month there were 45 homes newly listed for sale in Botetourt County compared to 37 in September 2024, an increase of 22%. There were 30 current contracts pending sale this September compared to 32 a year ago. The number of current contracts is 6% lower than last September.
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Sale Price to List Price Ratio
In September, the average sale price in Botetourt County was 97.9% of the average list price, which is 0.7% lower than at this time last year.
Days on Market
This month, the average number of days on market was 33, higher than the average last year, which was 22. This increase was impacted by the limited number of sales.
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| *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. |