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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

$295,588

AVERAGE PRICE OF 640 HOMES

$266,475

AVERAGE PRICE OF 4 DISTRESSED HOMES

$1,288,465

AVERAGE PRICE OF 11 MULTI-MILLION DOLLAR HOMES

$396,401

AVERAGE PRICE OF 72 NEWLY BUILT HOMES

$335,626

AVERAGE PRICE OF 44 HOMES WITH A POOL

$242,047

AVERAGE PRICE OF 24 REDUCED PRICE HOMES

Average Home

Average Price $295,588
Avg Bedrooms 3.33 beds
Avg Bathrooms 2.06 baths

Average Price by Bedrooms

1 bedroom $111,956
2 bedrooms $185,107
3 bedrooms $242,739
4 bedrooms $347,005
5 bedrooms $515,817
Roanoke Home Price Trends
  9/2021 8/2021 7/2021 6/2021 5/2021
Total Listings 650 670 675 678 642
Average Price $288,362 $281,549 $286,393 $293,654 $296,444
Avg Price Change +2.42% -1.72% -2.54% -0.95% -1.60%
Median Price $247,403 $242,184 $235,945 $232,023 $236,006
Med Price Change +2.15% +2.64% +1.69% -1.72% -2.96%
Avg Bedrooms 3.36 beds 3.33 beds 3.34 beds 3.37 beds 3.4 beds
Avg Bathrooms 2.07 baths 2.03 baths 2.05 baths 2.09 baths 2.11 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cave Spring 97 $419,886 93 days
Hidden Valley 80 $399,875 74 days
Northside 80 $243,138 57 days
Patrick Henry 191 $283,580 50 days
William Fleming 136 $180,115 55 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 640 $295,588 65 days
Distressed Homes 4 $266,475 38 days
Multi-Million Dollar Homes 11 $1,288,465 117 days
Newly Built Homes 72 $396,401 175 days
Homes with a Pool 44 $335,626 46 days
Reduced Price Homes 24 $242,047 38 days
Murray Realty Inc. - Douglas W Murray Signature Team
Doug Murrary
4519 Brambleton Ave #200
Roanoke, VA 24018
540-366-7771

Last updated; multiple times October 20, 2021. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2021 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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