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Roanoke

Why you'd want to live in Roanoke

Roanoke is a mountain city and hub for innovation. Offering miles of trails, parks within walking distance, a vibrant downtown, and friendly neighborhoods with character, Roanoke is the perfect place to live, work, and play. Located between Southwest Virginia's scenic Blue Ridge Mountains and the Virginia Alleghany Highlands, the City of Roanoke offers world-class outdoor recreation activities and was recently awarded the elite IMBA Silver-Level Mountain Biking Ride Center status. For more information about Roanoke's numerous parks and recreational activities, please visit the Play Roanoke Parks and Recreation website. The City 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. via roanokeva.gov

Roanoke Market Report

$327,179

AVERAGE PRICE OF 421 HOMES

$176,450

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,545,264

AVERAGE PRICE OF 11 MULTI-MILLION DOLLAR HOMES

$452,742

AVERAGE PRICE OF 32 NEWLY BUILT HOMES

$460,920

AVERAGE PRICE OF 27 HOMES WITH A POOL

$299,384

AVERAGE PRICE OF 22 REDUCED PRICE HOMES

Average Home

Average Price $327,179
Avg Bedrooms 3.3 beds
Avg Bathrooms 1.96 baths

Average Price by Bedrooms

1 bedroom $185,225
2 bedrooms $219,334
3 bedrooms $271,214
4 bedrooms $380,651
5 bedrooms $631,658
Roanoke Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 442 461 478 463 457
Average Price $329,819 $334,062 $337,942 $345,392 $352,243
Avg Price Change -1.29% -1.16% -2.20% -1.98% -2.64%
Median Price $269,421 $274,552 $275,856 $280,244 $282,597
Med Price Change -1.90% -0.47% -1.59% -0.84% -4.19%
Avg Bedrooms 3.32 beds 3.35 beds 3.39 beds 3.43 beds 3.42 beds
Avg Bathrooms 1.96 baths 1.99 baths 2.05 baths 2.1 baths 2.11 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cave Spring 53 $511,602 100 days
Hidden Valley 32 $335,160 71 days
Northside 50 $312,361 79 days
Patrick Henry 148 $319,579 66 days
William Fleming 104 $212,862 52 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 421 $327,179 70 days
Distressed Homes 2 $176,450 18 days
Multi-Million Dollar Homes 11 $1,545,264 117 days
Newly Built Homes 32 $452,742 113 days
Homes with a Pool 27 $460,920 53 days
Reduced Price Homes 22 $299,384 51 days
Murray Realty Inc. - Douglas W Murray Signature Team
Doug Murrary
4519 Brambleton Ave #200
Roanoke, VA 24018
540-366-7771

Fair Housing/Equal Opportunity
Terms of Use Privacy Notice DMCA
Last updated; multiple times December 10, 2023. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2023 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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