ROANOKE COUNTY HOUSING MARKET DATA

There was a decrease in total units sold in March, with 72 sold this month in Roanoke County Real Estate versus 74 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 13% versus March 2024.

Versus last year, the total number of homes available this month is higher by 11 units or 8%. The total number of active inventory this March was 150 compared to 139 in March 2024. This month's total of 150 is lower than the previous month's total supply of available inventory of 156, a decrease of 4%.

Last March, the median sale price for Roanoke County Homes was $296,000. This March, the median sale price was $322,750, an increase of 9% or $26,750 compared to last year. The current median sold price is 2% higher than in February.

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

In March, there was 2.1 months of supply available in Roanoke County, compared to 1.7 in March 2024. That is an increase of 24% 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 149 homes newly listed for sale in Roanoke County compared to 141 in March 2024, an increase of 6%. There were 131 current contracts pending sale this March compared to 116 a year ago. The number of current contracts is 13% higher than last March.

In March, the average sale price in Roanoke County was 99.3% of the average list price, which is 0.6% higher than at this time last year.

This month, the average number of days on market was 35, lower than the average last year, which was 50, a decrease of 30%.





FOCUS ON: ROANOKE COUNTY HOUSING MARKET			MARCH 2025

Units Sold 72	Active Inventory 150	Median Sale Price $322,750	Days On Market 35

Down -13% Vs. Year Ago	Up 8% Vs. Year Ago	Up 9% Vs. Year Ago	Down -30% Vs. Year Ago


		Units Sold There was a decrease in total units sold in March, with 72 sold this month in Roanoke County Real Estate versus 74 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 13% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 11 units or 8%. The total number of active inventory this March was 150 compared to 139 in March 2024. This month's total of 150 is lower than the previous month's total supply of available inventory of 156, a decrease of 4%.
		Median Sale Price Last March, the median sale price for Roanoke County Homes was $296,000. This March, the median sale price was $322,750, an increase of 9% or $26,750 compared to last year. The current median sold price is 2% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 149	Current Contracts 131	Sold Vs. List Price 99.3%	Months of Supply 2.1

Up 6% Vs. Year Ago	Up 13% Vs. Year Ago	Up 0.6% Vs. Year Ago	Up 25% Vs. Year Ago


		Months of Supply In March, there was 2.1 months of supply available in Roanoke County, compared to 1.7 in March 2024. That is an increase of 24% 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 149 homes newly listed for sale in Roanoke County compared to 141 in March 2024, an increase of 6%. There were 131 current contracts pending sale this March compared to 116 a year ago. The number of current contracts is 13% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Roanoke County was 99.3% of the average list price, which is 0.6% higher than at this time last year. Days on Market This month, the average number of days on market was 35, lower than the average last year, which was 50, a decrease of 30%.



	*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.