Vinton and Southeast Roanoke County Housing Market Data

There was an increase in total units sold in August, with 46 sold this month in Vinton and Southeast Roanoke County Real Estate versus 35 last month, an increase of 31%. This month's total units sold was higher than at this time last year, an increase of 15% versus August 2022.

Versus last year, the total number of homes available this month is lower by 5 units or 9%. The total number of active inventory this August was 48 compared to 53 in August 2022. This month's total of 48 is lower than the previous month's total supply of available inventory of 53, a decrease of 9%.

Last August, the median sale price for Vinton and Southeast Roanoke County Homes was $282,511. This August, the median sale price was $275,000, a decrease of 3% or $7,511 compared to last year. The current median sold price is 10% higher than in July.

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

In August, there was 1.0 months of supply available in Vinton and Southeast Roanoke County, compared to 1.3 in August 2022. That is a decrease of 21% 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 50 homes newly listed for sale in Vinton and Southeast Roanoke County compared to 42 in August 2022, an increase of 19%. There were 45 current contracts pending sale this August compared to 39 a year ago. The number of current contracts is 15% higher than last August.

In August, the average sale price in Vinton and Southeast Roanoke County was 100.0% of the average list price, which is 0.5% higher than at this time last year.

This month, the average number of days on market was 18, lower than the average last year, which was 19, a decrease of 5%.





Focus On: Vinton and Southeast Roanoke County Housing Market			August 2023

Zip Code(s): 24179 and 24014
Units Sold 46	Active Inventory 48	Median Sale Price $275,000	Days On Market 18

Up 15% Vs. Year Ago	Down -9% Vs. Year Ago	Down -3% Vs. Year Ago	Down -5% Vs. Year Ago


		Units Sold There was an increase in total units sold in August, with 46 sold this month in Vinton and Southeast Roanoke County Real Estate versus 35 last month, an increase of 31%. This month's total units sold was higher than at this time last year, an increase of 15% versus August 2022.
Active Inventory Versus last year, the total number of homes available this month is lower by 5 units or 9%. The total number of active inventory this August was 48 compared to 53 in August 2022. This month's total of 48 is lower than the previous month's total supply of available inventory of 53, a decrease of 9%.
		Median Sale Price Last August, the median sale price for Vinton and Southeast Roanoke County Homes was $282,511. This August, the median sale price was $275,000, a decrease of 3% or $7,511 compared to last year. The current median sold price is 10% higher than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 50	Current Contracts 45	Sold Vs. List Price 100.0%	Months of Supply 1.0

Up 19% Vs. Year Ago	Up 15% Vs. Year Ago	Up 0.6% Vs. Year Ago	Down -22% Vs. Year Ago


		Months of Supply In August, there was 1.0 months of supply available in Vinton and Southeast Roanoke County, compared to 1.3 in August 2022. That is a decrease of 21% 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 50 homes newly listed for sale in Vinton and Southeast Roanoke County compared to 42 in August 2022, an increase of 19%. There were 45 current contracts pending sale this August compared to 39 a year ago. The number of current contracts is 15% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Vinton and Southeast Roanoke County was 100.0% of the average list price, which is 0.5% higher than at this time last year. Days on Market This month, the average number of days on market was 18, lower than the average last year, which was 19, a decrease of 5%.


	Vinton and Southeast Roanoke County are defined as properties listed in zip code/s 24179 and 24014.
	*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.