ROANOKE CITY HOUSING MARKET DATA

There was an increase in total units sold in July, with 120 sold this month in Roanoke City Real Estate versus 92 last month, an increase of 30%. This month's total units sold was higher than at this time last year, an increase of 5% versus July 2024.

Versus last year, the total number of homes available this month is higher by 109 units or 64%. The total number of active inventory this July was 280 compared to 171 in July 2024. This month's total of 280 is higher than the previous month's total supply of available inventory of 275, an increase of 2%.

Last July, the median sale price for Roanoke City Homes was $230,000. This July, the median sale price was approximately the same at $268,000. The current median sold price is 17% higher than in July 2024.

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 2.3 months of supply available in Roanoke City, compared to 1.5 in July 2024. That is an increase of 56% 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 152 homes newly listed for sale in Roanoke City compared to 122 in July 2024, an increase of 25%. There were 132 current contracts pending sale this July compared to 98 a year ago. The number of current contracts is 35% higher than last July.

In July, the average sale price in Roanoke City was 98.9% 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 20, an increase of 55%.





FOCUS ON: ROANOKE CITY HOUSING MARKET			JULY 2025

Units Sold 120	Active Inventory 280	Median Sale Price $268,000	Days On Market 31

Up 5% Vs. Year Ago	Up 64% Vs. Year Ago	Up 17% Vs. Year Ago	Up 55% Vs. Year Ago


		Units Sold There was an increase in total units sold in July, with 120 sold this month in Roanoke City Real Estate versus 92 last month, an increase of 30%. This month's total units sold was higher than at this time last year, an increase of 5% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 109 units or 64%. The total number of active inventory this July was 280 compared to 171 in July 2024. This month's total of 280 is higher than the previous month's total supply of available inventory of 275, an increase of 2%.
		Median Sale Price Last July, the median sale price for Roanoke City Homes was $230,000. This July, the median sale price was approximately the same at $268,000. The current median sold price is 17% higher than in July 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 152	Current Contracts 132	Sold Vs. List Price 98.9%	Months of Supply 2.3

Up 25% Vs. Year Ago	Up 35% Vs. Year Ago	No Change Vs. Year Ago	Up 55% Vs. Year Ago


		Months of Supply In July, there was 2.3 months of supply available in Roanoke City, compared to 1.5 in July 2024. That is an increase of 56% 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 152 homes newly listed for sale in Roanoke City compared to 122 in July 2024, an increase of 25%. There were 132 current contracts pending sale this July compared to 98 a year ago. The number of current contracts is 35% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Roanoke City was 98.9% 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 20, an increase of 55%.



	*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.