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Market Intelligence · VA / Roanoke city

Roanoke, VA home prices and housing market

8 ZIP markets liveData updated September 2026Typical value$262K1-yr changeUp2.1%

The typical home value in Roanoke, VA is $262K as of September 2026, up 2.1% from a year ago, based on the Zillow Home Value Index. In the typical Roanoke ZIP code, the median list price is $342K and homes spend a median of 64 days on market as of September 2026 (Realtor.com).

The Home Value Pros Report

Roanoke housing market, on video

Key takeaways

  • The median home is sitting on the market for about sixty days before it sells, and that pace is shaping everything else.
  • Values are still climbing, just slowly.
  • The typical home is worth about two hundred sixty-eight thousand dollars, up roughly 2.7 percent over the past year.
Updated June 2026All city reports →
Read the transcript

The clearest signal in Roanoke right now is time. The median home is sitting on the market for about sixty days before it sells, and that pace is shaping everything else. Values are still climbing, just slowly. The typical home is worth about two hundred sixty-eight thousand dollars, up roughly 2.7 percent over the past year. That is steady, not hot. There are about 500 homes for sale, with around 246 new listings coming on. So buyers have choices, and they are taking their time. You can see the pressure in the price cuts. Nearly 22 percent of listings have already dropped their price, more than one in five. And notice the gap between the median list price of about three hundred fifty-four thousand dollars and what homes actually tend to be worth. Sellers are aiming high, and the market is pushing back. If you are selling in Roanoke, price it right the first week. Homes that start too high are the ones cutting later and waiting out those sixty days.

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12-month value trend

+2.1% over 12 months

Typical home value in Roanoke over the last 12 months: $256K in Sep 2025 to $262K in Sep 2026 (+2.1%).

Sep 2025$256K

Sep 2026$262K

Median Zillow home value index across Roanoke's ZIP codes.

The coverage

Roanoke, by the numbers.

Typical home valueZillow ZHVI, September 2026
$262K
1-yr changeMedian across Roanoke ZIPs
+2.1%
ZIP markets live38 tracked in Roanoke
8
County
Roanoke city

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Context

Roanoke's housing market as of September 2026 shows a typical home value of $261,556, up 2.1% over the past year. The median list price sits at $342,344, above the typical value, which suggests sellers are aiming higher than what homes are actually worth. Homes are taking a median of 64 days to sell, a slower pace that gives buyers room to negotiate. There are 562 homes for sale, with 240 new listings hitting the market in September 2026. Price cuts are common, with 27.8% of listings reduced. For a homeowner thinking about selling, the data points to a market where pricing realistically and preparing for a longer timeline matter more than chasing peak value.

The numbers

What is the housing market like in Roanoke, VA?

Typical home value

$262K

Up2.1%YoY

Median list price

$342K

Days on market

64

Homes for sale

562

Price cuts

27.8%

New listings

240

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Roanoke's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Roanoke, VA home prices over time

Typical home values in Roanoke, VA are up 2.1% over the past year, from $256K in September 2025 to $262K in September 2026.

Typical home value in Roanoke, VA, September of each year
MonthTypical value1-yr change
September 2026$261,556+2.1%
September 2025$256,169No prior year

Typical value is the median Zillow Home Value Index across Roanoke ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Roanoke, VA a buyer's or seller's market?

Roanoke, VA leans toward a buyer's market.

Homes are taking longer to sell and a large share of listings have cut their asking price, which gives buyers more room to negotiate.

Based on a median of 64 days on market and 28% of listings with a price cut in the typical Roanoke ZIP code, and 240 new listings against 562 active listings across Roanoke, as of September 2026 (Realtor.com).

The outlook

Roanoke housing market forecast 2027

+1.9%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 8 Roanoke ZIP codes, points to typical home values rising 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in Roanoke rose 2.1%, per the Zillow Home Value Index.

Will home prices drop in Roanoke?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Roanoke shows typical home values rising 1.9% by September 2027, after a 2.1% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 8 Roanoke ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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The markets

Which Roanoke ZIP codes have the highest home values?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 38 Roanoke ZIP codes in total; the remaining 30 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Roanoke, VA home prices.

How much is a home in Roanoke worth?

As of September 2026, the typical home value in Roanoke is $261,556, up 2.1% from a year earlier. The median list price is $342,344, so asking prices tend to run higher than typical values.

How long does it take to sell a home in Roanoke?

Homes in Roanoke spent a median of 64 days on the market as of September 2026. With 27.8% of listings seeing a price cut, sellers should expect some negotiation.

How many homes are for sale in Roanoke?

There were 562 homes for sale in Roanoke as of September 2026, including 240 new listings that month.

Are home prices going up or down in Roanoke, VA?

Typical home values in Roanoke, VA are up 2.1% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Roanoke, VA a buyer's or seller's market?

Roanoke, VA leans toward a buyer's market. Homes are taking longer to sell and a large share of listings have cut their asking price, which gives buyers more room to negotiate. Based on a median of 64 days on market and 28% of listings with a price cut in the typical Roanoke ZIP code, and 240 new listings against 562 active listings across Roanoke, as of September 2026 (Realtor.com).

Nearby markets

More Virginia housing markets.

The market is moving

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