BOTETOURT COUNTY HOUSING MARKET DATA

There was a decrease in total units sold in August, with 32 sold this month in Botetourt County Real Estate versus 38 last month, a decrease of 16%. This month's total units sold was higher than at this time last year, an increase of 10% versus August 2024.

Versus last year, the total number of homes available this month is higher by 8 units or 11%. The total number of active inventory this August was 81 compared to 73 in August 2024. This month's total of 81 is lower than the previous month's total supply of available inventory of 102, a decrease of 21%.

Last August, the median sale price for Botetourt County Homes was $394,000. This August, the median sale price was $382,500, a decrease of 3% or $11,500 compared to last year. The current median sold price is 5% higher than in July.

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

In August, there was 2.5 months of supply available in Botetourt County. The amount of supply is similar compared to 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 40 homes newly listed for sale in Botetourt County compared to 43 in August 2024, a decrease of 7%. There were 48 current contracts pending sale this August compared to 27 a year ago. The number of current contracts is 78% higher than last August.

In August, the average sale price in Botetourt County was 98.0% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 23, lower than the average last year, which was 29, a decrease of 21%.





FOCUS ON: BOTETOURT COUNTY HOUSING MARKET			AUGUST 2025

Units Sold 32	Active Inventory 81	Median Sale Price $382,500	Days On Market 23

Up 10% Vs. Year Ago	Up 11% Vs. Year Ago	Down -3% Vs. Year Ago	Down -21% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 32 sold this month in Botetourt County Real Estate versus 38 last month, a decrease of 16%. This month's total units sold was higher than at this time last year, an increase of 10% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 8 units or 11%. The total number of active inventory this August was 81 compared to 73 in August 2024. This month's total of 81 is lower than the previous month's total supply of available inventory of 102, a decrease of 21%.
		Median Sale Price Last August, the median sale price for Botetourt County Homes was $394,000. This August, the median sale price was $382,500, a decrease of 3% or $11,500 compared to last year. The current median sold price is 5% higher than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 40	Current Contracts 48	Sold Vs. List Price 98.0%	Months of Supply 2.5

Down -7% Vs. Year Ago	Up 78% Vs. Year Ago	No Change Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In August, there was 2.5 months of supply available in Botetourt County. The amount of supply is similar compared to 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 40 homes newly listed for sale in Botetourt County compared to 43 in August 2024, a decrease of 7%. There were 48 current contracts pending sale this August compared to 27 a year ago. The number of current contracts is 78% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Botetourt County was 98.0% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 23, lower than the average last year, which was 29, a decrease of 21%.



	*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.