Roanoke Valley Market Update - June 2025

Key Market Trends:

🏡 Homes Sold: 503 (⬆️ 7%) – A healthy increase in closed sales suggests strong summer momentum as buyer activity continues to climb.

📑 Homes Under Contract: 520 (⬆️ 14%) – A significant rise in pending contracts signals robust buyer confidence and quicker decision-making.

💰 Average Sold Price: $397,790 (⬆️ 9%) – Prices are trending upward, with higher average sales indicating competition for desirable homes and movement in the upper price brackets.

📊 Median Sold Price: $310,000 (⬆️ 2%) – A slight rise in median prices reflects steady demand across mid-range homes and continued market strength.

📈 New Listings Added: 688 (⬆️ 26%) – More sellers are entering the market, increasing buyer options and helping to meet demand.

🏘 Total Housing Inventory: 1,126 (⬆️ 42%) – Inventory continues to grow, giving buyers more negotiating power and reducing pressure from bidding wars.

What Do These Numbers Mean for You?

🔷 If You’re Thinking About Selling:With home prices climbing and buyer activity rising, it’s a great time to list. But with more listings hitting the market, standing out is key—strategic pricing and strong marketing can help your home sell quickly and for top dollar.

🔷 If You’re Looking to Buy:You’re in a better position now than this time last year. Rising inventory gives you more choice and flexibility, while prices remain within reach for many buyers. Acting now could help you secure a home before rates or competition intensify.