ROANOKE COUNTY HOUSING MARKET DATA

There was an increase in total units sold in April, with 102 sold this month in Roanoke 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 42 units or 33%. The total number of active inventory this April was 168 compared to 126 in April 2024. This month's total of 168 is higher than the previous month's total supply of available inventory of 165, an increase of 2%.

Last April, the median sale price for Roanoke County Homes was $340,000. This April, the median sale price was $367,000, an increase of 8% or $27,000 compared to last year. The current median sold price is 13% 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 1.6 months of supply available in Roanoke County, compared to 1.2 in April 2024. That is an increase of 32% 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 147 homes newly listed for sale in Roanoke County compared to 125 in April 2024, an increase of 18%. There were 122 current contracts pending sale this April compared to 134 a year ago. The number of current contracts is 9% lower than last April.

In April, the average sale price in Roanoke County was 98.5% of the average list price, which is 1.6% lower than at this time last year.

This month, the average number of days on market was 42, higher than the average last year, which was 41, an increase of 2%.





FOCUS ON: ROANOKE COUNTY HOUSING MARKET			APRIL 2025

Units Sold 102	Active Inventory 168	Median Sale Price $367,000	Days On Market 42

Up 1% Vs. Year Ago	Up 33% Vs. Year Ago	Up 8% Vs. Year Ago	Up 2% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 102 sold this month in Roanoke 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 42 units or 33%. The total number of active inventory this April was 168 compared to 126 in April 2024. This month's total of 168 is higher than the previous month's total supply of available inventory of 165, an increase of 2%.
		Median Sale Price Last April, the median sale price for Roanoke County Homes was $340,000. This April, the median sale price was $367,000, an increase of 8% or $27,000 compared to last year. The current median sold price is 13% 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 147	Current Contracts 122	Sold Vs. List Price 98.5%	Months of Supply 1.6

Up 18% Vs. Year Ago	Down -9% Vs. Year Ago	Down -1.5% Vs. Year Ago	Up 32% Vs. Year Ago


		Months of Supply In April, there was 1.6 months of supply available in Roanoke County, compared to 1.2 in April 2024. That is an increase of 32% 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 147 homes newly listed for sale in Roanoke County compared to 125 in April 2024, an increase of 18%. There were 122 current contracts pending sale this April compared to 134 a year ago. The number of current contracts is 9% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Roanoke County was 98.5% of the average list price, which is 1.6% lower than at this time last year. Days on Market This month, the average number of days on market was 42, higher than the average last year, which was 41, an increase of 2%.



	*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.