If you need assistance, please call 540-793-4095

Roanoke Market Report

$360,513

AVERAGE PRICE OF 492 HOMES

$140,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,684,000

AVERAGE PRICE OF 5 MULTI-MILLION DOLLAR HOMES

$530,874

AVERAGE PRICE OF 40 NEWLY BUILT HOMES

$406,330

AVERAGE PRICE OF 34 HOMES WITH A POOL

$404,724

AVERAGE PRICE OF 8 REDUCED PRICE HOMES

Average Home

Average Price $360,513
Avg Bedrooms 3.41 beds
Avg Bathrooms 2.09 baths

Average Price by Bedrooms

1 bedroom $180,237
2 bedrooms $227,670
3 bedrooms $286,942
4 bedrooms $418,896
5 bedrooms $609,213
Roanoke Home Price Trends
  5/2023 4/2023 3/2023 2/2023 1/2023
Total Listings 454 409 388 381 362
Average Price $356,671 $347,542 $336,364 $322,321 $325,980
Avg Price Change +2.63% +3.32% +4.36% -1.14% +2.60%
Median Price $293,642 $287,539 $276,246 $267,969 $276,100
Med Price Change +2.12% +4.09% +3.09% -3.03% -0.35%
Avg Bedrooms 3.41 beds 3.39 beds 3.36 beds 3.33 beds 3.38 beds
Avg Bathrooms 2.09 baths 2.09 baths 2.04 baths 1.99 baths 2.03 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cave Spring 74 $439,003 80 days
Hidden Valley 52 $501,098 60 days
Northside 75 $329,159 65 days
Patrick Henry 145 $368,895 50 days
William Fleming 107 $215,690 59 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 492 $360,513 59 days
Distressed Homes 1 $140,000 46 days
Multi-Million Dollar Homes 5 $1,684,000 186 days
Newly Built Homes 40 $530,874 179 days
Homes with a Pool 34 $406,330 43 days
Reduced Price Homes 8 $404,724 148 days
Reiner Realty
Rene Reiner
2923 Brambleton Ave. SW
Roanoke, VA 24018
540-793-4095
Joel Balsley
NMLS#210455
Licensed in VA
Office #: 540-278-1430
Mobile #: 540-597-8877
joelbalsley@atlanticbay.com


Featured real estate company is not a mortgage lender and so you should contact Atlantic Bay Mortgage Group, L.L.C. directly to learn about its products and your eligibility for such products. The featured lender has an affiliated business relationship with the featured real estate agent. You are under no obligation to use the featured lender for financing. All loans subject to income verification, credit approval and property appraisal. Not a commitment to lend. Atlantic Bay Mortgage Group, L.L.C. NMLS #72043 (nmlsconsumeraccess.org) is an Equal Opportunity Lender. Located at 600 Lynnhaven Parkway Suite 203 Virginia Beach, VA 23452.
Last updated; multiple times June 5, 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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