CAVE SPRING, AND SOUTHWEST ROANOKE COUNTY HOUSING MARKET DATA

There was a decrease in total units sold in August, with 61 sold this month in Cave Spring, and Southwest Roanoke County Real Estate versus 68 last month, a decrease of 10%. This month's total units sold was higher than at this time last year, an increase of 15% versus August 2024.

Versus last year, the total number of homes available this month is higher by 33 units or 38%. The total number of active inventory this August was 121 compared to 88 in August 2024. This month's total of 121 is lower than the previous month's total supply of available inventory of 128, a decrease of 5%.

Last August, the median sale price for Cave Spring, and Southwest Roanoke County Homes was $376,308. This August, the median sale price was $385,000, an increase of 2% or $8,692 compared to last year. The current median sold price is 8% lower 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 2.0 months of supply available in Cave Spring, and Southwest Roanoke County, compared to 1.7 in August 2024. That is an increase of 19% 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 62 homes newly listed for sale in Cave Spring, and Southwest Roanoke County, which is similar to the amount in August 2024. There were 53 current contracts pending sale this August compared to 37 a year ago. The number of current contracts is 43% higher than last August.

In August, the average sale price in Cave Spring, and Southwest Roanoke 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 31, higher than the average last year, which was 16, an increase of 94%.





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

Zip Code(s): 24018 and 24059
Units Sold 61	Active Inventory 121	Median Sale Price $385,000	Days On Market 31

Up 15% Vs. Year Ago	Up 38% Vs. Year Ago	Up 2% Vs. Year Ago	Up 94% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 61 sold this month in Cave Spring, and Southwest Roanoke County Real Estate versus 68 last month, a decrease of 10%. This month's total units sold was higher than at this time last year, an increase of 15% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 33 units or 38%. The total number of active inventory this August was 121 compared to 88 in August 2024. This month's total of 121 is lower than the previous month's total supply of available inventory of 128, a decrease of 5%.
		Median Sale Price Last August, the median sale price for Cave Spring, and Southwest Roanoke County Homes was $376,308. This August, the median sale price was $385,000, an increase of 2% or $8,692 compared to last year. The current median sold price is 8% lower 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 62	Current Contracts 53	Sold Vs. List Price 99.1%	Months of Supply 2.0

No Change Vs. Year Ago	Up 43% Vs. Year Ago	No Change Vs. Year Ago	Up 19% Vs. Year Ago


		Months of Supply In August, there was 2.0 months of supply available in Cave Spring, and Southwest Roanoke County, compared to 1.7 in August 2024. That is an increase of 19% 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 62 homes newly listed for sale in Cave Spring, and Southwest Roanoke County, which is similar to the amount in August 2024. There were 53 current contracts pending sale this August compared to 37 a year ago. The number of current contracts is 43% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Cave Spring, and Southwest Roanoke 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 31, higher than the average last year, which was 16, an increase of 94%.


	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.