BOTETOURT COUNTY HOUSING MARKET DATA

There was a decrease in total units sold in June, with 31 sold this month in Botetourt County Real Estate versus 43 last month, a decrease of 28%. This month's total units sold was higher than at this time last year, an increase of 7% versus June 2024.

Versus last year, the total number of homes available this month is higher by 21 units or 33%. The total number of active inventory this June was 85 compared to 64 in June 2024. This month's total of 85 is higher than the previous month's total supply of available inventory of 78, an increase of 9%.

Last June, the median sale price for Botetourt County Homes was $382,000. This June, the median sale price was $370,000, a decrease of 3% or $12,000 compared to last year. The current median sold price is 3% lower than in May.

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

In June, there was 2.7 months of supply available in Botetourt County, compared to 2.2 in June 2024. That is an increase of 24% 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 June 2024, an increase of 44%. There were 36 current contracts pending sale this June compared to 23 a year ago. The number of current contracts remained stable as compared to last June.

In June, the average sale price in Botetourt County was 99.1% 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 31, a decrease of 26%.





FOCUS ON: BOTETOURT COUNTY HOUSING MARKET			JUNE 2025

Units Sold 31	Active Inventory 85	Median Sale Price $370,000	Days On Market 23

Up 7% Vs. Year Ago	Up 33% Vs. Year Ago	Down -3% Vs. Year Ago	Down -26% Vs. Year Ago


		Units Sold There was a decrease in total units sold in June, with 31 sold this month in Botetourt County Real Estate versus 43 last month, a decrease of 28%. This month's total units sold was higher than at this time last year, an increase of 7% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 21 units or 33%. The total number of active inventory this June was 85 compared to 64 in June 2024. This month's total of 85 is higher than the previous month's total supply of available inventory of 78, an increase of 9%.
		Median Sale Price Last June, the median sale price for Botetourt County Homes was $382,000. This June, the median sale price was $370,000, a decrease of 3% or $12,000 compared to last year. The current median sold price is 3% lower than in May. 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 36	Sold Vs. List Price 99.1%	Months of Supply 2.7

Up 44% Vs. Year Ago	Up 57% Vs. Year Ago	No Change Vs. Year Ago	Up 24% Vs. Year Ago


		Months of Supply In June, there was 2.7 months of supply available in Botetourt County, compared to 2.2 in June 2024. That is an increase of 24% 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 June 2024, an increase of 44%. There were 36 current contracts pending sale this June compared to 23 a year ago. The number of current contracts remained stable as compared to last June.
		Sale Price to List Price Ratio In June, the average sale price in Botetourt County was 99.1% 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 31, a decrease of 26%.



	*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.