Market Intelligence Report — VA-220

Roanoke, VA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-VA-08
As of the latest 2026 data
Cooling

Median Listing

$375K
+1.4% YoY

Pending Ratio

0.41
-17.5% YoY

Active Inventory

1,182
+26.4% YoY

Median DOM

58 Days
+11.5% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's cooling Roanoke market?

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The Roanoke market is exhibiting cooling conditions, characterized by a pending ratio of 0.41. Active listings have expanded significantly, increasing by 26.4% over the past year, while the median listing price has shown modest appreciation at 1.4% year-over-year.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

3.8%+0.5 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

316,547+0.1% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Roanoke market right now.

Inventory levels have risen considerably, with active listings up 26.4% over the past year. Concurrently, the pending ratio has declined by 17.5% year-over-year, indicating slower demand absorption relative to available supply. New listings have remained flat on an annual basis. Days on market have lengthened by 11.5% annually, and the share of price reductions has increased by 3.5% over the past year, further reflecting market deceleration.

Historical Analysis

Market Trends

Median Price

$375K-1.8% MoM

Active Inventory

1,182+26.4% YoY

Days on Market

58+11.5% YoY

Sold Score™

43-17.5% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

43
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.41 and increasing inventory, buyers are encountering more selection and extended decision timelines. The rise in days on market suggests a reduced urgency for transactions, allowing for greater negotiation on terms. This environment necessitates price discipline from sellers to align with prevailing demand.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

1,182 active listings represent the current floor, with new supply arriving at roughly 448 per month.

Pricing Pressure
29.9%

of active listings carry a price reduction, +3.5% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +2.1% year-over-year.

Absorption
0.41

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Roanoke, VA? Homes here are taking 6 days longer to sell than last year.

Roanoke, VA is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
41%
Median Days on Market
58 days
Inventory YoY
+26%

Roanoke, VA is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

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Metro Demographics

Metro Area
Roanoke, VA
CBSA Code
40220
State
VA

ZIPs in Roanoke, VA

Sorted by active inventory · click a ZIP for its full report