The Old Southwest housing market is very competitive. The median sale price of a home in Old Southwest was $385K last month, up 79.1% since last year. The median sale price per square foot in Old Southwest is $102, up 50.0% since last year.
What is the housing market like in Old Southwest today?
In March 2024, Old Southwest home prices were up 79.1% compared to last year, selling for a median price of $385K. On average, homes in Old Southwest sell after 3 days on the market compared to 6 days last year. There were 5 homes sold in March this year, down from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$385,000
+79.1% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Old Southwest, VA
$385,000
+79.1%
United States
To compare other locations to the Old Southwest and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Roanoke add value to a home.
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How hot is the Old Southwest housing market?
Old Southwest is very competitive. Homes sell in 5 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 12 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 5 days.
Hot homes
can sell for about 4% above list price and go pending in around 2 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
99.6%
+2.0 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Old Southwest, VA
99.6%
+2.0 pt
United States
Home offer insights for Old Southwest
Explore recent offers and recently sold homes in Old Southwest
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 Old Southwest housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Old Southwest.
Risk Factor
Flood Factor - Moderate
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Old Southwest has a moderate risk of flooding. 91 properties in Old Southwest are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in Old Southwest. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Old Southwest has a minor risk of wildfire. There are 5 properties in Old Southwest that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Old Southwest.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Old Southwest has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Old Southwest is most at risk from hurricanes. 1,280 properties in Old Southwest 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 49 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 55 mph.