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Roanoke

Why you'd want to live in Roanoke

Home to nearly 100,000 residents, Roanoke is a mountain city and hub for innovation offering award-winning outdoor amenities, endless trails, friendly neighborhoods with character, public art, the famous Roanoke Star, museums, craft breweries, one-of-a-kind shops and restaurants, and historical attractions. Ranked as one of IMBA’s top mountain biking destinations in the world, Roanoke visitors and residents can quickly access the Appalachian Trail and plenty of other famous outdoor attractions. Roanoke, Virginia is also among one of the few metropolitan areas that sits beside the Blue Ridge Parkway - one of the most popular attractions in the National Parks System. The City of Roanoke maintains 70 parks that span 14,000+ acres and offer 100 miles of award-winning natural surface and paved trail systems for commuting, road cycling, mountain biking, hiking, and horseback riding. via roanokeva.gov

Roanoke Market Report

$362,127

AVERAGE PRICE OF 573 HOMES

$225,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,570,915

AVERAGE PRICE OF 13 MULTI-MILLION DOLLAR HOMES

$430,102

AVERAGE PRICE OF 65 NEWLY BUILT HOMES

$455,496

AVERAGE PRICE OF 31 HOMES WITH A POOL

$360,796

AVERAGE PRICE OF 31 REDUCED PRICE HOMES

Average Home

Average Price $362,127
Avg Bedrooms 3.36 beds
Avg Bathrooms 2.09 baths

Average Price by Bedrooms

1 bedroom $252,862
2 bedrooms $212,559
3 bedrooms $306,872
4 bedrooms $420,325
5 bedrooms $625,595
Roanoke Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 555 479 426 408 387
Average Price $364,941 $353,732 $344,454 $330,039 $327,220
Avg Price Change +3.17% +2.69% +4.37% +0.86% -0.92%
Median Price $296,891 $289,492 $282,719 $270,070 $269,950
Med Price Change +2.56% +2.40% +4.68% +0.04% -0.38%
Avg Bedrooms 3.39 beds 3.37 beds 3.31 beds 3.25 beds 3.27 beds
Avg Bathrooms 2.09 baths 2.1 baths 2.04 baths 1.95 baths 1.96 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Patrick Henry 176 $351,743 56 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 573 $362,127 55 days
Distressed Homes 1 $225,000 43 days
Multi-Million Dollar Homes 13 $1,570,915 151 days
Newly Built Homes 65 $430,102 95 days
Homes with a Pool 31 $455,496 49 days
Reduced Price Homes 31 $360,796 48 days
Greenway Group Realtors
Brad Greenway
1211 Hardy Rd, Ste 2
Vinton, VA 24179
540-632-1423
Licensed in Virginia
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Jason Helmintoller
501 E Dolly Ann Drive, Suite B
Covington, VA 24426
540-691-6351
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Lloyd Blankenship
540-312-3759

Last updated; multiple times June 22, 2024. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2024 MLS and FBS. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited. The information on this sheet has been made available by the MLS and may not be the listing of the provider.
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