ROANOKE COUNTY AND SALEM CITY HOUSING MARKET DATA

There was a decrease in total units sold in August, with 255 sold this month in Roanoke County and Salem City Real Estate versus 287 last month, a decrease of 11%. This month's total units sold was lower than at this time last year, a decrease of 3% versus August 2024.

Versus last year, the total number of homes available this month is higher by 168 units or 38%. The total number of active inventory this August was 609 compared to 441 in August 2024. This month's total of 609 is lower than the previous month's total supply of available inventory of 613, a decrease of 1%.

Last August, the median sale price for Roanoke County and Salem City Homes was $290,000. This August, the median sale price was $305,000, an increase of 5% or $15,000 compared to last year. The current median sold price is 6% 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 2.4 months of supply available in Roanoke County and Salem City, compared to 1.7 in August 2024. That is an increase of 42% 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 333 homes newly listed for sale in Roanoke County and Salem City compared to 306 in August 2024, an increase of 9%. There were 273 current contracts pending sale this August compared to 217 a year ago. The number of current contracts is 26% higher than last August.

In August, the average sale price in Roanoke County and Salem City was 98.7% of the average list price, which is 0.5% lower than at this time last year.

This month, the average number of days on market was 36, higher than the average last year, which was 27, an increase of 33%.





FOCUS ON: ROANOKE COUNTY AND SALEM CITY HOUSING MARKET			AUGUST 2025

Units Sold 255	Active Inventory 609	Median Sale Price $305,000	Days On Market 36

Down -3% Vs. Year Ago	Up 38% Vs. Year Ago	Up 5% Vs. Year Ago	Up 33% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 255 sold this month in Roanoke County and Salem City Real Estate versus 287 last month, a decrease of 11%. This month's total units sold was lower than at this time last year, a decrease of 3% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 168 units or 38%. The total number of active inventory this August was 609 compared to 441 in August 2024. This month's total of 609 is lower than the previous month's total supply of available inventory of 613, a decrease of 1%.
		Median Sale Price Last August, the median sale price for Roanoke County and Salem City Homes was $290,000. This August, the median sale price was $305,000, an increase of 5% or $15,000 compared to last year. The current median sold price is 6% 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 333	Current Contracts 273	Sold Vs. List Price 98.7%	Months of Supply 2.4

Up 9% Vs. Year Ago	Up 26% Vs. Year Ago	Down -0.5% Vs. Year Ago	Up 42% Vs. Year Ago


		Months of Supply In August, there was 2.4 months of supply available in Roanoke County and Salem City, compared to 1.7 in August 2024. That is an increase of 42% 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 333 homes newly listed for sale in Roanoke County and Salem City compared to 306 in August 2024, an increase of 9%. There were 273 current contracts pending sale this August compared to 217 a year ago. The number of current contracts is 26% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Roanoke County and Salem City was 98.7% of the average list price, which is 0.5% lower than at this time last year. Days on Market This month, the average number of days on market was 36, higher than the average last year, which was 27, an increase of 33%.



	*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.