CAVE SPRING, AND SOUTHWEST ROANOKE COUNTY HOUSING MARKET DATA

There was an increase in total units sold in May, with 61 sold this month in Cave Spring, and Southwest Roanoke County Real Estate versus 51 last month, an increase of 20%. This month's total units sold was higher than at this time last year, an increase of 11% versus May 2024.

Versus last year, the total number of homes available this month is higher by 33 units or 52%. The total number of active inventory this May was 97 compared to 64 in May 2024. This month's total of 97 is higher than the previous month's total supply of available inventory of 93, an increase of 4%.

Last May, the median sale price for Cave Spring, and Southwest Roanoke County Homes was $399,000. This May, the median sale price was $351,000, a decrease of 12% or $48,000 compared to last year. The current median sold price is 10% lower than in April.

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

In May, there was 1.6 months of supply available in Cave Spring, and Southwest Roanoke County, compared to 1.2 in May 2024. That is an increase of 37% 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 86 homes newly listed for sale in Cave Spring, and Southwest Roanoke County compared to 79 in May 2024, an increase of 9%. There were 71 current contracts pending sale this May compared to 65 a year ago. The number of current contracts is 9% higher than last May.

In May, the average sale price in Cave Spring, and Southwest Roanoke County was 100.0% of the average list price, which is 1.1% higher than at this time last year.

This month, the average number of days on market was 22, lower than the average last year, which was 28, a decrease of 21%.





FOCUS ON: CAVE SPRING, AND SOUTHWEST ROANOKE COUNTY HOUSING MARKET			MAY 2025

Zip Code(s): 24018 and 24059
Units Sold 61	Active Inventory 97	Median Sale Price $351,000	Days On Market 22

Up 11% Vs. Year Ago	Up 52% Vs. Year Ago	Down -12% Vs. Year Ago	Down -21% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 61 sold this month in Cave Spring, and Southwest Roanoke County Real Estate versus 51 last month, an increase of 20%. This month's total units sold was higher than at this time last year, an increase of 11% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 33 units or 52%. The total number of active inventory this May was 97 compared to 64 in May 2024. This month's total of 97 is higher than the previous month's total supply of available inventory of 93, an increase of 4%.
		Median Sale Price Last May, the median sale price for Cave Spring, and Southwest Roanoke County Homes was $399,000. This May, the median sale price was $351,000, a decrease of 12% or $48,000 compared to last year. The current median sold price is 10% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 86	Current Contracts 71	Sold Vs. List Price 100.0%	Months of Supply 1.6

Up 9% Vs. Year Ago	Up 9% Vs. Year Ago	Up 1.1% Vs. Year Ago	Up 37% Vs. Year Ago


		Months of Supply In May, there was 1.6 months of supply available in Cave Spring, and Southwest Roanoke County, compared to 1.2 in May 2024. That is an increase of 37% 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 86 homes newly listed for sale in Cave Spring, and Southwest Roanoke County compared to 79 in May 2024, an increase of 9%. There were 71 current contracts pending sale this May compared to 65 a year ago. The number of current contracts is 9% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Cave Spring, and Southwest Roanoke County was 100.0% of the average list price, which is 1.1% higher than at this time last year. Days on Market This month, the average number of days on market was 22, lower than the average last year, which was 28, a decrease of 21%.


	Cave Spring, and Southwest Roanoke County are defined as properties listed in zip code/s 24018 and 24059.
	*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.