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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

$287,692

AVERAGE PRICE OF 394 HOMES

$157,950

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,365,600

AVERAGE PRICE OF 4 MULTI-MILLION DOLLAR HOMES

$378,207

AVERAGE PRICE OF 62 NEWLY BUILT HOMES

$329,233

AVERAGE PRICE OF 12 HOMES WITH A POOL

$224,950

AVERAGE PRICE OF 2 REDUCED PRICE HOMES

Average Home

Average Price $287,692
Avg Bedrooms 3.32 beds
Avg Bathrooms 1.93 baths

Average Price by Bedrooms

1 bedroom $92,000
2 bedrooms $210,042
3 bedrooms $245,349
4 bedrooms $354,954
5 bedrooms $390,139
Roanoke Home Price Trends
  12/2021 11/2021 10/2021 9/2021 8/2021
Total Listings 480 n/a 636 650 670
Average Price $284,498 n/a $294,856 $288,362 $281,549
Avg Price Change n/a n/a +2.25% +2.42% -1.72%
Median Price $236,869 n/a $243,945 $247,403 $242,184
Med Price Change n/a n/a -1.42% +2.15% +2.64%
Avg Bedrooms 3.32 beds n/a 3.35 beds 3.36 beds 3.33 beds
Avg Bathrooms 1.98 baths n/a 2.07 baths 2.07 baths 2.03 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cave Spring 61 $406,030 124 days
Hidden Valley 47 $372,819 115 days
Northside 38 $264,118 116 days
Patrick Henry 113 $273,685 74 days
William Fleming 107 $184,968 78 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 394 $287,692 96 days
Distressed Homes 2 $157,950 89 days
Multi-Million Dollar Homes 4 $1,365,600 241 days
Newly Built Homes 62 $378,207 222 days
Homes with a Pool 12 $329,233 65 days
Reduced Price Homes 2 $224,950 52 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 January 18, 2022. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2022 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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