BOTETOURT COUNTY HOUSING MARKET DATA

There was an increase in total units sold in May, with 42 sold this month in Botetourt County Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is higher by 21 units or 38%. The total number of active inventory this May was 77 compared to 56 in May 2024. This month's total of 77 is higher than the previous month's total supply of available inventory of 68, an increase of 13%.

Last May, the median sale price for Botetourt County Homes was $359,975. This May, the median sale price was $388,475, an increase of $28,500 compared to last year. The current median sold price is higher 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 1.8 months of supply available in Botetourt County. The amount of supply is similar compared to 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 52 homes newly listed for sale in Botetourt County compared to 42 in May 2024, an increase of 24%. There were 37 current contracts pending sale this May compared to 25 a year ago. The number of current contracts is 48% higher than last May.

In May, the average sale price in Botetourt County was 99.8% of the average list price, which is 2.1% higher than at this time last year.

This month, the average number of days on market was 28, lower than the average last year, which was 31, a decrease of 10%.





FOCUS ON: BOTETOURT COUNTY HOUSING MARKET			MAY 2025

Units Sold 42	Active Inventory 77	Median Sale Price $388,475	Days On Market 28

Up Vs. Year Ago	Up 38% Vs. Year Ago	Up 8% Vs. Year Ago	Down -10% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 42 sold this month in Botetourt County Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 21 units or 38%. The total number of active inventory this May was 77 compared to 56 in May 2024. This month's total of 77 is higher than the previous month's total supply of available inventory of 68, an increase of 13%.
		Median Sale Price Last May, the median sale price for Botetourt County Homes was $359,975. This May, the median sale price was $388,475, an increase of $28,500 compared to last year. The current median sold price is higher 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 52	Current Contracts 37	Sold Vs. List Price 99.8%	Months of Supply 1.8

Up 24% Vs. Year Ago	Up 48% Vs. Year Ago	Up 2.1% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In May, there was 1.8 months of supply available in Botetourt County. The amount of supply is similar compared to 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 52 homes newly listed for sale in Botetourt County compared to 42 in May 2024, an increase of 24%. There were 37 current contracts pending sale this May compared to 25 a year ago. The number of current contracts is 48% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Botetourt County was 99.8% of the average list price, which is 2.1% higher than at this time last year. Days on Market This month, the average number of days on market was 28, lower than the average last year, which was 31, a decrease of 10%.



	*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.