ROANOKE VALLEY HOUSING MARKET DATA

There was a decrease in total units sold in September, with 325 sold this month in Roanoke Valley Real Estate versus 358 last month, a decrease of 9%. This month's total units sold was higher than at this time last year, an increase of 26% versus September 2024.

Versus last year, the total number of homes available this month is higher by 268 units or 41%. The total number of active inventory this September was 924 compared to 656 in September 2024. This month's total of 924 is lower than the previous month's total supply of available inventory of 934, a decrease of 1%.

Last September, the median sale price for Roanoke Valley Homes was $320,000. This September, the median sale price was approximately the same at $319,950. The current median sold price is also similar to the median price in August.

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

In September, there was 2.8 months of supply available in Roanoke Valley, compared to 2.5 in September 2024. That is an increase of 12% 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 415 homes newly listed for sale in Roanoke Valley compared to 365 in September 2024, an increase of 14%. There were 318 current contracts pending sale this September, consistent with the volume a year ago. The number of current contracts is 19% lower than last month.

In September, the average sale price in Roanoke Valley was 98.2% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 36, higher than the average last year, which was 33, an increase of 9%.





FOCUS ON: ROANOKE VALLEY HOUSING MARKET			SEPTEMBER 2025

Units Sold 325	Active Inventory 924	Median Sale Price $319,950	Days On Market 36

Up 26% Vs. Year Ago	Up 41% Vs. Year Ago	No Change Vs. Year Ago	Up 9% Vs. Year Ago


		Units Sold There was a decrease in total units sold in September, with 325 sold this month in Roanoke Valley Real Estate versus 358 last month, a decrease of 9%. This month's total units sold was higher than at this time last year, an increase of 26% versus September 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 268 units or 41%. The total number of active inventory this September was 924 compared to 656 in September 2024. This month's total of 924 is lower than the previous month's total supply of available inventory of 934, a decrease of 1%.
		Median Sale Price Last September, the median sale price for Roanoke Valley Homes was $320,000. This September, the median sale price was approximately the same at $319,950. The current median sold price is also similar to the median price in August. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 415	Current Contracts 318	Sold Vs. List Price 98.2%	Months of Supply 2.8

Up 14% Vs. Year Ago	No Change Vs. Year Ago	No Change Vs. Year Ago	Up 12% Vs. Year Ago


		Months of Supply In September, there was 2.8 months of supply available in Roanoke Valley, compared to 2.5 in September 2024. That is an increase of 12% 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 415 homes newly listed for sale in Roanoke Valley compared to 365 in September 2024, an increase of 14%. There were 318 current contracts pending sale this September, consistent with the volume a year ago. The number of current contracts is 19% lower than last month.
		Sale Price to List Price Ratio In September, the average sale price in Roanoke Valley was 98.2% 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 36, higher than the average last year, which was 33, an increase of 9%.


	*Defined as the counties of Botetourt, Floyd, Franklin, Montgomery, and Roanoke and the cities of Roanoke and Salem in VA
	*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.