CAVE SPRING, AND SOUTHWEST ROANOKE COUNTY HOUSING MARKET DATA

There was a decrease in total units sold in June, with 56 sold this month in Cave Spring, and Southwest Roanoke County Real Estate versus 66 last month, a decrease of 15%. This month's total units sold was lower than at this time last year, a decrease of 13% versus June 2024.

Versus last year, the total number of homes available this month is higher by 22 units or 31%. The total number of active inventory this June was 94 compared to 72 in June 2024. This month's total of 94 is lower than the previous month's total supply of available inventory of 108, a decrease of 13%.

Last June, the median sale price for Cave Spring, and Southwest Roanoke County Homes was $385,000. This June, the median sale price was $394,450, an increase of 2% or $9,450 compared to last year. The current median sold price is 13% higher 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 1.7 months of supply available in Cave Spring, and Southwest Roanoke County, compared to 1.1 in June 2024. That is an increase of 49% 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 63 homes newly listed for sale in Cave Spring, and Southwest Roanoke County compared to 56 in June 2024, an increase of 13%. There were 58 current contracts pending sale this June compared to 45 a year ago. The number of current contracts is 29% higher than last June.

In June, the average sale price in Cave Spring, and Southwest Roanoke County was 98.4% of the average list price, which is 1.1% lower than at this time last year.

This month, the average number of days on market was 32, higher than the average last year, which was 20, an increase of 60%.





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

Zip Code(s): 24018 and 24059
Units Sold 56	Active Inventory 94	Median Sale Price $394,450	Days On Market 32

Down -13% Vs. Year Ago	Up 31% Vs. Year Ago	Up 2% Vs. Year Ago	Up 60% Vs. Year Ago


		Units Sold There was a decrease in total units sold in June, with 56 sold this month in Cave Spring, and Southwest Roanoke County Real Estate versus 66 last month, a decrease of 15%. This month's total units sold was lower than at this time last year, a decrease of 13% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 22 units or 31%. The total number of active inventory this June was 94 compared to 72 in June 2024. This month's total of 94 is lower than the previous month's total supply of available inventory of 108, a decrease of 13%.
		Median Sale Price Last June, the median sale price for Cave Spring, and Southwest Roanoke County Homes was $385,000. This June, the median sale price was $394,450, an increase of 2% or $9,450 compared to last year. The current median sold price is 13% higher 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 63	Current Contracts 58	Sold Vs. List Price 98.4%	Months of Supply 1.7

Up 13% Vs. Year Ago	Up 29% Vs. Year Ago	Down -1.1% Vs. Year Ago	Up 49% Vs. Year Ago


		Months of Supply In June, there was 1.7 months of supply available in Cave Spring, and Southwest Roanoke County, compared to 1.1 in June 2024. That is an increase of 49% 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 63 homes newly listed for sale in Cave Spring, and Southwest Roanoke County compared to 56 in June 2024, an increase of 13%. There were 58 current contracts pending sale this June compared to 45 a year ago. The number of current contracts is 29% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Cave Spring, and Southwest Roanoke County was 98.4% of the average list price, which is 1.1% lower than at this time last year. Days on Market This month, the average number of days on market was 32, higher than the average last year, which was 20, an increase of 60%.


	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.