CAVE SPRING, AND SOUTHWEST ROANOKE COUNTY HOUSING MARKET DATA

There was an increase in total units sold in July, with 67 sold this month in Cave Spring, and Southwest Roanoke County Real Estate versus 57 last month, an increase of 18%. This month's total units sold was higher than at this time last year, an increase of 24% versus July 2024.

Versus last year, the total number of homes available this month is higher by 53 units or 78%. The total number of active inventory this July was 121 compared to 68 in July 2024. This month's total of 121 is higher than the previous month's total supply of available inventory of 102, an increase of 19%.

Last July, the median sale price for Cave Spring, and Southwest Roanoke County Homes was $381,000. This July, the median sale price was $417,000, an increase of 9% or $36,000 compared to last year. The current median sold price is 5% higher 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 1.8 months of supply available in Cave Spring, and Southwest Roanoke County, compared to 1.3 in July 2024. That is an increase of 43% 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 96 homes newly listed for sale in Cave Spring, and Southwest Roanoke County compared to 47 in July 2024, an increase of 104%. There were 58 current contracts pending sale this July compared to 47 a year ago. The number of current contracts is 23% higher than last July.

In July, the average sale price in Cave Spring, and Southwest Roanoke County was 98.7% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 32, higher than the average last year, which was 22, an increase of 45%.





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

Zip Code(s): 24018 and 24059
Units Sold 67	Active Inventory 121	Median Sale Price $417,000	Days On Market 32

Up 24% Vs. Year Ago	Up 78% Vs. Year Ago	Up 9% Vs. Year Ago	Up 45% Vs. Year Ago


		Units Sold There was an increase in total units sold in July, with 67 sold this month in Cave Spring, and Southwest Roanoke County Real Estate versus 57 last month, an increase of 18%. This month's total units sold was higher than at this time last year, an increase of 24% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 53 units or 78%. The total number of active inventory this July was 121 compared to 68 in July 2024. This month's total of 121 is higher than the previous month's total supply of available inventory of 102, an increase of 19%.
		Median Sale Price Last July, the median sale price for Cave Spring, and Southwest Roanoke County Homes was $381,000. This July, the median sale price was $417,000, an increase of 9% or $36,000 compared to last year. The current median sold price is 5% higher 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 96	Current Contracts 58	Sold Vs. List Price 98.7%	Months of Supply 1.8

Up 104% Vs. Year Ago	Up 23% Vs. Year Ago	No Change Vs. Year Ago	Up 44% Vs. Year Ago


		Months of Supply In July, there was 1.8 months of supply available in Cave Spring, and Southwest Roanoke County, compared to 1.3 in July 2024. That is an increase of 43% 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 96 homes newly listed for sale in Cave Spring, and Southwest Roanoke County compared to 47 in July 2024, an increase of 104%. There were 58 current contracts pending sale this July compared to 47 a year ago. The number of current contracts is 23% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Cave Spring, and Southwest Roanoke County was 98.7% 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 32, higher than the average last year, which was 22, an increase of 45%.


	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.