Market report, updated

0120 - City of Roanoke - South Home Values and Market Report

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Report prepared by Roanokepropertiesforsale.com Red Key Realty

Market at a glance

Over the last 12 months, homes sold for 96.7% of list price in 44 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $704K Sold · $686K
$740K$630K$520K$410K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Peak: 20 sales in Sep. Last month: 7.

Where the market stands

All homes in this report, by status.

179homes
Active40 · 22%
Under contract24 · 13%
Sold (12 mo)115 · 64%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

3.7months of inventory
Seller's, under 4BalancedBuyer's, over 6

Homes are selling quickly, which favors sellers in this market.

Average price by status

Active$612K
Under contract$598K
Sold$584K

Average days on market

Active71 days
Under contract55 days
Sold44 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 40
Average list price $612,098
Avg. days on market 71 days
Avg. price per ft² $209 Based on 38 of 40 homes
Avg. living area 2,935 ft² Based on 38 of 40 homes
Avg. beds / baths 3.9 / 3.2

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

2 homes didn’t report living area and aren’t shown.

$1.5M$1M$500K$0

Price vs. living area: 38 homes plotted, up to $1.5M and 9,000 ft².

0 ft²3,0006,0009,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

2 homes didn’t report bedrooms and aren’t shown.

Highest price per ft²

Top 7 homes in this status.

2125 Yellow Mountain Rd Se Unit APT 209$348
502 Cassell Ln Sw$338
125 23rd St Se$281
1122 Claremont Ct Sw$253
2421 Cornwallis Ave Se$253
2824 Jefferson St Se$250
3288 Somerset St Sw$249

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
2312 Wycliffe Ave SwRoanoke, VA 24014 342,644$599,950$2261 day
1206 Highcroft Ct SwRoanoke, VA 24014 544,221$744,990$1768 days
1315 Woodbine St SeRoanoke, VA 24014 431,668$305,000$1829 days
3223 Peakwood Dr SwRoanoke, VA 24014 443,158$589,000$18611 days
3702 Peakwood Dr SwRoanoke, VA 24014 534,150$694,900$16712 days
1102 Claremont Ct SwRoanoke, VA 24014 543,010$694,000$23018 days
1122 Claremont Ct SwRoanoke, VA 24014 432,626$664,950$25322 days
3014 Bancroft Dr SwRoanoke, VA 24014 432,066$349,950$16925 days
736 White Oak Rd SwRoanoke, VA 24014 443,152$639,000$20225 days
3701 Heatherton Rd SwRoanoke, VA 24014 332,703$479,090$17728 days
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Questions about this market?

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