The August 2026 numbers show a balanced housing market in the Roanoke area, with a market health score of 52 out of 100. From June through August, homes in the area’s busiest cities typically sold in about 21 days, at a median price of $332,643. Across the whole metro, median prices are down 1.5% compared with a year ago.
For the broader context, see Roanoke, VA Real Estate Market Trends 2026.
Market snapshot
- Market health score: 52/100
- Market status: Neutral
- Median sale price (weighted): $332,643
- Average days on market (weighted): 21 days
- Homes sold per month: 238
- Active listings: 753
Rolling 3-month window, Jun 1 – Aug 31, 2026. Sales, pending sales and new listings are monthly averages over the window.
What the numbers say
In the area’s busiest cities, an average of 238 homes sold each month from June through August, and about 753 homes were for sale. Homes are still selling at a steady pace, but buyers now have more to choose from. The monthly figures show the number of homes for sale rising every month, from 632 in March to 830 in August. That’s about 3.2 months’ worth of homes for sale in August, up from 2.8 in June. Monthly sales peaked at 277 in June and eased to 258 in August.
Prices show two things at once. In the monthly figures, the median price climbed from $279,666 in March to $345,586 in August. Across the whole metro, though, median prices are down 1.5% compared with a year ago. If you’re estimating what your home is worth, keep both in mind.
Conditions vary quite a bit from city to city. In Roanoke itself, the median price was $249,760 and homes sold in about 19 days, across 117 sales. Salem homes sold in about 13 days and Hollins homes in about 11. Cave Spring homes took about 23 days at a median of $364,759. North Shore is moving more slowly, at about 52 days on market. Hollins, Cloverdale and Union Hall stand out as the busiest submarkets, although Cloverdale and Union Hall each had only 4 sales in this period. Westlake Corner is currently the one area that favors buyers.
| Period | Median price | DOM | Sales | Inventory | Mo. supply |
|---|---|---|---|---|---|
| 2026-03 | $279,666 | 41 | 177 | 632 | 3.6 |
| 2026-04 | $288,664 | 36 | 211 | 684 | 3.2 |
| 2026-05 | $299,081 | 25 | 252 | 723 | 2.9 |
| 2026-06 | $318,776 | 22 | 277 | 776 | 2.8 |
| 2026-07 | $331,682 | 20 | 273 | 816 | 3.0 |
| 2026-08 | $345,586 | 22 | 258 | 830 | 3.2 |
Where the market is hot – and where it is not
Hottest markets (seller conditions)
- Hollins
- Cloverdale
- Union Hall
Balanced markets
- Roanoke
- Cave Spring
- Salem
- North Shore
- Vinton
- Blue Ridge
Buyer-favorable markets
- Westlake Corner
Cities to watch
- Westlake Corner (High): Price down 23.4% YoY, Excess inventory: 7.1 months supply, Low health score: 21/100
- Cave Spring (Medium): Price down 5.3% YoY
- North Shore (Medium): Low health score: 34/100
- Vinton (Medium): Price down 10.6% YoY
- Union Hall (Medium): Price down 19.4% YoY
- Blue Ridge (Medium): Low health score: 34/100
ZIP-level signals
We audited 31 ZIP codes in the metro: 11 green, 18 yellow, 2 red.
Most flagged ZIPs this period:
- 24083 – RED
- 24137 – RED
- 24101 – YELLOW
- 24184 – YELLOW
- 24067 – YELLOW
What this means if you are selling in Roanoke
If you’re thinking about selling, the data points to pricing at market value from the start. Buyers have more homes to compare than they did in the spring, so a realistic price matters. Plan on roughly 21 to 36 days on market, and consider whether small concessions could help your home sell sooner. How long a sale takes also depends on which part of the area your home is in.
Thinking about selling? Sell your house fast in Roanoke, VA – it is free, and there is no obligation.
What this means if you are buying
For buyers, a balanced market and more homes for sale than earlier in the year mean you’re in a good position to negotiate. Take the time you need for inspections and due diligence. On listings that have been on the market for more than 45 days, there may be room to negotiate on price.
Quick answers
How fast are homes selling in Roanoke right now?
Across the metro’s highest-volume cities, homes averaged about 21 days on market in the latest reporting period.
What are homes selling for in Roanoke?
The sales-weighted median sale price was $332,643 this period (-1.5% versus a year ago on the metro-wide trend).
Is Roanoke a buyer’s or seller’s market?
Our scoring currently classifies the metro as a balanced market. Conditions vary by submarket – see the tier lists above.
The bottom line
The Roanoke area is in a balanced spot right now, and the right move depends on your home and your timeline. If you’d rather not make repairs before selling, Quick Fix Real Estate buys houses as-is in the Roanoke area.
Need to sell your house in the Roanoke area? Get your cash offer – no repairs, no commissions, and you choose the closing date. We are local buyers we buy houses in Virginia.
Data: Redfin Data Center. Rolling 3-month window, Jun 1 – Aug 31, 2026. Sales, pending sales and new listings are monthly averages over the window. Figures cover the 10 highest-volume cities unless noted.
