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FOCUS ON: VINTON AND SOUTHEAST ROANOKE COUNTY HOUSING MARKET |
APRIL 2025 |
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Zip Code(s): 24179 and 24014 |
Units Sold
44 |
Active Inventory
75 |
Median Sale Price
$280,000 |
Days On Market
34 |
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Up 7%
Vs. Year Ago |
Up 83%
Vs. Year Ago |
Down -15%
Vs. Year Ago |
Up 3%
Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 44 sold this month in Vinton and Southeast Roanoke County Real Estate. This month's total units sold was higher than at this time last year.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 34 units or 83%. The total number of active inventory this April was 75 compared to 41 in April 2024. This month's total of 75 is higher than the previous month's total supply of available inventory of 60, an increase of 25%.
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Median Sale Price
Last April, the median sale price for Vinton and Southeast Roanoke County Homes was $330,000. This April, the median sale price was $280,000, a decrease of 15% or $50,000 compared to last year. The current median sold price is 19% 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.
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New Listings
66 |
Current Contracts
43 |
Sold Vs. List Price
100.1% |
Months of Supply
1.7 |
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Up 25%
Vs. Year Ago |
Down -30%
Vs. Year Ago |
No Change
Vs. Year Ago |
Up 70%
Vs. Year Ago |
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Months of Supply
In April, there was 1.7 months of supply available in Vinton and Southeast Roanoke County, compared to 1.0 in April 2024. That is an increase of 70% 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.
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New Listings & Current Contracts
This month there were 66 homes newly listed for sale in Vinton and Southeast Roanoke County compared to 53 in April 2024, an increase of 25%. There were 43 current contracts pending sale this April compared to 61 a year ago. The number of current contracts is 30% lower than last April.
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Sale Price to List Price Ratio
In April, the average sale price in Vinton and Southeast Roanoke County was 100.1% of the average list price, which is similar compared to a year ago.
Days on Market
This month, the average number of days on market was 34, higher than the average last year, which was 33, an increase of 3%.
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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. |