ROANOKE CITY HOUSING MARKET DATA

There was an increase in total units sold in April, with 111 sold this month in Roanoke City 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 67 units or 48%. The total number of active inventory this April was 207 compared to 140 in April 2024. This month's total of 207 is higher than the previous month's total supply of available inventory of 196, an increase of 6%.

Last April, the median sale price for Roanoke City Homes was $228,450. This April, the median sale price was $245,000, an increase of 7% or $16,550 compared to last year. The current median sold price is 4% higher than in March.

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

In April, there was 1.9 months of supply available in Roanoke City, compared to 1.4 in April 2024. That is an increase of 31% 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 140 homes newly listed for sale in Roanoke City compared to 155 in April 2024, a decrease of 10%. There were 109 current contracts pending sale this April compared to 128 a year ago. The number of current contracts is 15% lower than last April.

In April, the average sale price in Roanoke City was 99.3% of the average list price, which is 0.8% lower than at this time last year.

This month, the average number of days on market was 32, higher than the average last year, which was 19, an increase of 68%.





FOCUS ON: ROANOKE CITY HOUSING MARKET			APRIL 2025

Units Sold 111	Active Inventory 207	Median Sale Price $245,000	Days On Market 32

Up 13% Vs. Year Ago	Up 48% Vs. Year Ago	Up 7% Vs. Year Ago	Up 68% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 111 sold this month in Roanoke City 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 67 units or 48%. The total number of active inventory this April was 207 compared to 140 in April 2024. This month's total of 207 is higher than the previous month's total supply of available inventory of 196, an increase of 6%.
		Median Sale Price Last April, the median sale price for Roanoke City Homes was $228,450. This April, the median sale price was $245,000, an increase of 7% or $16,550 compared to last year. The current median sold price is 4% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 140	Current Contracts 109	Sold Vs. List Price 99.3%	Months of Supply 1.9

Down -10% Vs. Year Ago	Down -15% Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 30% Vs. Year Ago


		Months of Supply In April, there was 1.9 months of supply available in Roanoke City, compared to 1.4 in April 2024. That is an increase of 31% 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 140 homes newly listed for sale in Roanoke City compared to 155 in April 2024, a decrease of 10%. There were 109 current contracts pending sale this April compared to 128 a year ago. The number of current contracts is 15% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Roanoke City was 99.3% of the average list price, which is 0.8% lower than at this time last year. Days on Market This month, the average number of days on market was 32, higher than the average last year, which was 19, an increase of 68%.



	*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.