September 2026 data for the Roanoke area points to a balanced market. Across the top 10 cities by sales volume, homes spent an average of 24 days on market at a sales-weighted median price of $323,335, while metro-wide median prices are up 1.1% from a year ago. The overall market health score is 54 out of 100, a neutral reading that sits between a buyer's and a seller's market.
For the broader context, see Roanoke, VA Real Estate Market Trends 2026.
Market snapshot
- Market health score: 54/100
- Market status: Neutral
- Median sale price (weighted): $323,335
- Average days on market (weighted): 24 days
- Homes sold per month: 221
- Active listings: 750
Rolling 3-month window, Jul 1 – Sep 30, 2026. Sales, pending sales and new listings are monthly averages over the window.
What the numbers say
These figures cover a rolling three-month window from July 1 through September 30, 2026. Over that window, the top cities in the Roanoke area averaged about 221 sales per month, with roughly 750 homes actively for sale. Prices are still edging up metro-wide, but at 1.1% year over year, the pace is modest.
The recent trend figures show the market slowly cooling off from its summer pace. From July to September, average days on market rose from 20 to 27, homes for sale rose from 814 to 878, and months of supply went from 3.0 to 3.7. Monthly sales eased from 273 to 240 over the same stretch, and the median price in those figures held about flat from August ($343,714) to September ($343,611). These trend numbers are measured differently than the top-city median above, so the direction matters more than comparing the two price figures directly.
Conditions also vary from place to place. The city of Roanoke accounts for the most sales, at 113, with a median price of $249,331 and 23 days on market. Hollins and Vinton stand out as the strongest submarkets, each with a health score of 73, with homes selling in 20 and 14 days respectively, and Salem homes averaged 17 days. Higher-priced areas took longer: North Shore (median $749,593) averaged 58 days and Union Hall (median $677,178) averaged 54 days, while Blue Ridge homes averaged 36 days.
| Period | Median price | DOM | Sales | Inventory | Mo. supply |
|---|---|---|---|---|---|
| 2026-04 | $288,664 | 36 | 211 | 679 | 3.2 |
| 2026-05 | $298,911 | 25 | 252 | 717 | 2.8 |
| 2026-06 | $318,609 | 22 | 277 | 763 | 2.8 |
| 2026-07 | $331,084 | 20 | 273 | 814 | 3.0 |
| 2026-08 | $343,714 | 22 | 257 | 815 | 3.2 |
| 2026-09 | $343,611 | 27 | 240 | 878 | 3.7 |
Where the market is hot – and where it is not
Hottest markets (seller conditions)
- Hollins
- Vinton
Balanced markets
- Roanoke
- Cave Spring
- Salem
- North Shore
- Union Hall
- Blue Ridge
- Cloverdale
- Daleville
Cities to watch
- North Shore (Medium): Low health score: 34/100
- Union Hall (Medium): Price down 40.2% YoY
- Blue Ridge (Medium): Price down 11.0% YoY, Low health score: 34/100
- Cloverdale (Medium): Price down 30.3% YoY
ZIP-level signals
We audited 30 ZIP codes in the metro: 18 green, 10 yellow, 2 red.
Most flagged ZIPs this period:
- 24070 – RED
- 24067 – RED
- 24101 – YELLOW
- 24083 – YELLOW
- 24137 – YELLOW
What this means if you are selling in Roanoke
If you're thinking about selling, pricing at market value is the most important step in a balanced market like this one. Plan on roughly 24 to 39 days on market, and keep in mind that offering minor concessions, such as help with closing costs, can help a home sell faster. With more homes for sale than earlier in the summer, buyers have options, so a realistic asking price from the start tends to serve sellers better than testing the market high.
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
Buyers are in a good negotiating position right now. With more homes on the market and days on market creeping up, there is time to do proper due diligence, including inspections and reviewing comparable sales, before committing. Listings that have been on the market for more than 45 days may leave more 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 24 days on market in the latest reporting period.
What are homes selling for in Roanoke?
The sales-weighted median sale price was $323,335 this period (+1.1% 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 market is steady and balanced heading into fall, with modest price growth and a bit more time on market than this summer. If you'd prefer to skip repairs and showings, Quick Fix Real Estate buys houses as-is in the Roanoke area, and we're happy to talk through your options.
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: see how we buy houses in Virginia.
Data: Redfin Data Center. Rolling 3-month window, Jul 1 – Sep 30, 2026. Sales, pending sales and new listings are monthly averages over the window. Figures cover the 10 highest-volume cities unless noted.
