ROANOKE COUNTY HOUSING MARKET DATA

There was an increase in total units sold in May, with 118 sold this month in Roanoke County Real Estate versus 102 last month, an increase of 16%. This month's total units sold was lower than at this time last year, a decrease of 8% versus May 2024.

Versus last year, the total number of homes available this month is higher by 23 units or 13%. The total number of active inventory this May was 199 compared to 176 in May 2024. This month's total of 199 is higher than the previous month's total supply of available inventory of 184, an increase of 8%.

Last May, the median sale price for Roanoke County Homes was $369,885. This May, the median sale price was $350,750, a decrease of 5% or $19,135 compared to last year. The current median sold price is 4% lower than in April.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In May, there was 1.7 months of supply available in Roanoke County, compared to 1.4 in May 2024. That is an increase of 23% 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 183 homes newly listed for sale in Roanoke County compared to 189 in May 2024, a decrease of 3%. There were 146 current contracts pending sale this May compared to 128 a year ago. The number of current contracts is 14% higher than last May.

In May, the average sale price in Roanoke County was 100.0% of the average list price, which is 1.0% higher than at this time last year.

This month, the average number of days on market was 19, lower than the average last year, which was 26, a decrease of 27%.





FOCUS ON: ROANOKE COUNTY HOUSING MARKET			MAY 2025

Units Sold 118	Active Inventory 199	Median Sale Price $350,750	Days On Market 19

Down -8% Vs. Year Ago	Up 13% Vs. Year Ago	Down -5% Vs. Year Ago	Down -27% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 118 sold this month in Roanoke County Real Estate versus 102 last month, an increase of 16%. This month's total units sold was lower than at this time last year, a decrease of 8% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 23 units or 13%. The total number of active inventory this May was 199 compared to 176 in May 2024. This month's total of 199 is higher than the previous month's total supply of available inventory of 184, an increase of 8%.
		Median Sale Price Last May, the median sale price for Roanoke County Homes was $369,885. This May, the median sale price was $350,750, a decrease of 5% or $19,135 compared to last year. The current median sold price is 4% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 183	Current Contracts 146	Sold Vs. List Price 100.0%	Months of Supply 1.7

Down -3% Vs. Year Ago	Up 14% Vs. Year Ago	Up 1.1% Vs. Year Ago	Up 22% Vs. Year Ago


		Months of Supply In May, there was 1.7 months of supply available in Roanoke County, compared to 1.4 in May 2024. That is an increase of 23% 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 183 homes newly listed for sale in Roanoke County compared to 189 in May 2024, a decrease of 3%. There were 146 current contracts pending sale this May compared to 128 a year ago. The number of current contracts is 14% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Roanoke County was 100.0% of the average list price, which is 1.0% higher than at this time last year. Days on Market This month, the average number of days on market was 19, lower than the average last year, which was 26, a decrease of 27%.



	*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.