Market Intelligence · VA / Roanoke

Roanoke, VA 24016 Housing Market

In Roanoke, VA 24016, the typical home value is $171,265, up 0.4% over the past year. The median list price sits at $260,500, and homes take a median of 72 days on market.

Updated June 2026Median value$171K

The median home value in Roanoke, VA 24016 is $171K as of June 2026, up 0.4% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 24016 range

$158K to $185K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.4% over 12 months

Typical home value in 24016 over the last 12 months: $171K in Jun 2025 to $171K in Jun 2026 (+0.4%).

Jun 2025$171K

Jun 2026$171K

The numbers

What is the 24016 housing market like?

Typical home value

$171K

Up0.4%YoY

Median list price

$261K

Days on market

72

Up176.9%MoM

Homes for sale

35

Price cuts

13.6%

New listings

12

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 24016 home prices compare?

  • 24016$171,265
  • Roanoke$267,956
  • Virginia$335,462
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Roanoke: 8 ZIPs; Virginia: 757 ZIPs; United States: 26,270 ZIPs).

Context

The 24016 ZIP in Roanoke currently has 35 homes for sale, with 12 new listings added as of June 2026. The typical home value is $171,265, up 0.4% over the past year, while the median list price is $260,500. Homes are taking a median of 72 days on market, and 13.6% of listings have had a price cut. Sellers here should plan for a slower pace and price carefully from the start.

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