Cave Spring, VA Housing Market
The Cave Spring housing market is very competitive. The median sale price of a home in Cave Spring was $272K last month, down 8.7% since last year. The median sale price per square foot in Cave Spring is $145, up 3.6% since last year.
Cave Spring Housing Market Trends
In March 2024, Cave Spring home prices were down 8.7% compared to last year, selling for a median price of $272K. On average, homes in Cave Spring sell after 13 days on the market compared to 10 days last year. There were 16 homes sold in March this year, down from 36 last year.
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How hot is the Cave Spring housing market?
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 1% below list price and go pending in around 13 days.
- Hot homescan sell for about 2% above list price and go pending in around 3 days.
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 1% below list price and go pending in around 10 days.
- Hot homescan sell for about 2% above list price and go pending in around 3 days.
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
- Some homes get multiple offers.
- The average homes sell for around list price and go pending in around 18 days.
- Hot homescan sell for about 2% above list price and go pending in around 5 days.
Cave Spring Migration & Relocation Trends
Home offer insights for Cave Spring
Recent offers
View houses in Cave Spring that sold recently
Recently sold homes
- $197,050 Last Sold Price2 beds1.5 baths1,044 sq ft7110 Woods Crossing Dr, Roanoke, VA 24018List Price$179,900Sale to List10% over listDays on Market23 days7110 Woods Crossing Dr, Roanoke, VA 24018
- $285,000 Last Sold Price3 beds2.5 baths2,383 sq ft3452 Londonderry Ct, Roanoke, VA 24018List Price$285,000Sale to List0% over listDays on Market59 days3452 Londonderry Ct, Roanoke, VA 24018
- $711,000 Last Sold Price4 beds3.5 baths3,992 sq ft6007 Trinity Ct, Roanoke, VA 24018List Price$665,000Sale to List7% over listDays on Market47 days6007 Trinity Ct, Roanoke, VA 24018
- $525,000 Last Sold Price5 beds3.5 baths4,079 sq ft1846 Whippletree Dr, Roanoke, VA 24018List Price$525,000Sale to List0% over listDays on Market81 days1846 Whippletree Dr, Roanoke, VA 24018
- $385,000 Last Sold Price3 beds2.5 baths2,485 sq ft2124 Pelham Dr, Roanoke, VA 24018List Price$379,950Sale to List1% over listDays on Market192 days2124 Pelham Dr, Roanoke, VA 24018
- $767,000 Last Sold Price5 beds4 baths4,942 sq ft5016 Meadow Creek Dr, Roanoke, VA 24018List Price$725,000Sale to List6% over listDays on Market67 days5016 Meadow Creek Dr, Roanoke, VA 24018
- $250,000 Last Sold Price2 beds2 baths1,683 sq ft3050 Mcvitty Forest Dr #103, Roanoke, VA 24018List Price$264,900Sale to List6% under listDays on Market39 days3050 Mcvitty Forest Dr #103, Roanoke, VA 24018
- $648,000 Last Sold Price4 beds4.5 baths3,936 sq ft5596 Salisbury Dr, Roanoke, VA 24018List Price$652,000Sale to List1% under listDays on Market31 days5596 Salisbury Dr, Roanoke, VA 24018
See all recently sold homes in Cave Spring.
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Schools in Cave Spring
- Elementary
- Middle
- High
GreatSchools Rating
8/10 Grandin Court Elementary School Public • PreK-5 | 345 Students | 10 reviews |
8/10 Penn Forest Elementary School Public • PreK-5 | 474 Students | 5 reviews |
7/10 Green Valley Elementary School Public • PreK-5 | 538 Students | 4 reviews |
7/10 Cave Spring Elementary School Public • PreK-5 | 512 Students | 6 reviews |
7/10 Oak Grove Elementary School Public • PreK-5 | 417 Students | 8 reviews |
Climate's impact on Cave Spring housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Cave Spring.
Flood Factor - Major
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minor
Wind Factor
Wind likelihood over time
Heat Factor - Major
Heat Factor
Transportation in Cave Spring
Walk Score®
Bike Score®
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