Photo: Joe Ravi · CC BY-SA 3.01,348 homes sold in Roanoke in the last year, at a typical $234K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Roanoke homes are listed.
Every place Roanoke homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Roanoke.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
4% of Roanoke’s sales are condos, at $49K more than a house
1181 houses and 53 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 1181 sold in 12 months
- Per square foot
- $133VA $222
- Days to sell
- 26
- Sold over asking
- 27%
- Listings with a price cut
- 43%
typical sale · 53 sold in 12 months
- Per square foot
- $200VA $301
- Days to sell
- 45
- Sold over asking
- 11%
- Listings with a price cut
- 24%
Multi-family (2–4 units): 89 sold, typical $223K
Townhouses: 25 sold, typical $342K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at twice the 2016 price
1,348 sales in the last year, against 1,649 in 2021 and a low of 835 in 2012. The typical sale went from $118K in 2016 to $234K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $250K buys in Roanoke
Check a listing against what Roanoke homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Roanoke are more common than before the pandemic, but a third fewer homes come up for sale
We read every month of Roanoke’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 1,348 sales.
If you’re buying in Roanoke
- Shop in October. It brings about 135 new listings a month, close to the busiest month, with fewer bidding wars (28% over asking).
- Offer under asking. Buyers paid 97.2% of the list price on average; 26% paid over.
- You’ll usually have time. Only 37% of homes go under contract within two weeks; the typical one takes 28 days.
Spring brings the homes; summer brings the bidding wars
April has the most new listings (about 166 a month), but June is the most competitive: 32% of June sales close over asking. September and October offer nearly as much choice with fewer homes bid up (30%). January has the least competition (21%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Virginia
| Roanoke now | 2017–19 | 2021 peak | VA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 26% | 20% | 43% | 31% |
| Gone within two weeksShare of homes under contract within 14 days | 37% | 1% | 1% | 43% |
| Listings with a price cutShare of homes for sale that cut their price | 41% | — | 0% | 25% |
| Price paid vs. askingAverage sale price ÷ list price | 97.2% | 96.7% | 99.9% | 99.3% |
| Days to sellMedian days from listing to contract | 28 | 76 | 51 | 38 |
322 homes for sale on a typical day
That’s 2.3 times the 2023 low (141), 30% fewer than in 2017–19 and well under 2013’s 765.
1 in 2 listings has cut its price
41% in the last year, against — in 2017–19 and 25% across Virginia.
Since 2019, houses are up 65%, condos 65%
A house typically sold for $232K in the last year (1181 sales), a condo for $281K (53).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Roanoke ranks 143rd of 179 busy Virginia markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Roanoke is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Roanoke home costs about $1,415 a month
Price: Roanoke’s typical sale, last 12 months. Property tax at Roanoke’s 1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Roanoke is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in April
The month with the most choice. December has the fewest, about 78.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $234K home, about $2,330 a year.
Taxes vs. neighborsSchools
The schools grade for Roanoke, from test results, graduation and how much students grow.
Schools in RoanokeCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Cloverdale for far more
The busier markets within 25 miles of Roanoke, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Roanoke | 1,348 | $234K | $134 | 26% | 28 |
| Cave Spring | 378 | $356K | $155 | 22% | 27 |
| Salem | 295 | $290K | $156 | 26% | 22 |
| Hollins | 230 | $305K | $154 | 23% | 34 |
| Vinton | 87 | $248K | $145 | 23% | 30 |
| Cloverdale | 59 | $421K | $172 | 20% | 32 |
| Laymantown | 26 | $362K | $156 | 46% | 20 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Roanoke, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Roanoke. People who follow the town see it, and so do people comparing Roanoke with their own town. No commission, no listing fee.
Questions about buying a home in Roanoke
What do homes sell for in Roanoke, VA?
1,348 homes sold in the year to May 2026 at a typical $234K, $134 a square foot. Houses sold for about $232K, condos for about $281K.
Is Roanoke a buyer’s or seller’s market?
A seller’s market: 322 homes were for sale in May 2026 and 128 sold, about 2.5 months of supply. Buyers paid 97.2% of asking on average, and 41% of listings cut their price.
When is the best time to buy in Roanoke?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Roanoke?
About 1% of a home’s value a year. On a $234K home that’s near $2,330.
Where can I see homes for sale in Roanoke?
Zillow, Redfin, Realtor.com and Homes.com all carry Roanoke’s MLS listings; the search links above open each one filtered to Roanoke.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).