The Roanoke housing market is very competitive. The median sale price of a home in Roanoke was $224K last month, up 4.0% since last year. The median sale price per square foot in Roanoke is $125, down 2.3% since last year.
In October 2024, Roanoke home prices were up 4.0% compared to last year, selling for a median price of $224K. On average, homes in Roanoke sell after 16 days on the market compared to 10 days last year. There were 104 homes sold in October this year, up from 95 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$223,500
+4.0% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Roanoke, VA
$223,500
+4.0%
United States
To compare other locations to the Roanoke and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Roanoke's median sale price is 52% lower than the national average. Overall cost of living in Roanoke is 9% lower than the national average. Learn which home features in Roanoke add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Roanoke housing market?
Roanoke is very competitive. Homes sell in 14 days.
0
100
79
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 14 days.
Hot homes
can sell for about 1% above list price and go pending in around 4 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
98.0%
+0.1 pt YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Roanoke, VA
98.0%
+0.1 pt
United States
Roanoke Migration & Relocation Trends
No data on migration and relocation available in this area right now
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Roanoke housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Roanoke.
Flood Factor - Moderate
19% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Roanoke has a moderate risk of flooding. 6,467 properties in Roanoke are likely to be
severely affected
by flooding over the next 30 years. This represents 19% of all properties in Roanoke. Flood risk is increasing slower than the national average.
29% of properties are at risk of wildfire over the next 30 years
Fire Factor
Roanoke has a moderate risk of wildfire. There are 13,032 properties in Roanoke that have some risk of being affected by wildfire over the next 30 years. This represents 29% of all properties in Roanoke.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Roanoke has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Roanoke is most at risk from hurricanes. 44,332 properties in Roanoke have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 52 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 60 mph.