Market Intelligence · VA / Roanoke

Roanoke, VA 24016 Housing Market

The typical home in Roanoke, VA 24016 is worth $166,240, up 0.1% over the past year. The median list price sits at $229,875, with homes spending a median of 87 days on the market as of September 2026.

Updated September 2026Median value$166K

The median home value in Roanoke, VA 24016 is $166K as of September 2026, up 0.1% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

Sell without the wait

Sell your Roanoke home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 24016 range

$153K to $180K

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 24016 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Roanoke, VA.

12-month value trend

+0.1% over 12 months

Sep 2025$166K

Low $162KHigh $168K

Sep 2026$166K

The numbers

What is the 24016 housing market like?

As of September 2026

Typical home value

$166K

0.1%YoY

Median list price

$230K

9.5%MoM

Days on market

45.0%MoM

Homes for sale

6.1%MoM

Price cuts

44.6%

27.2%MoM

New listings

25.0%MoM

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

The outlook

24016 housing market forecast 2027

+2.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 24016 to rise 2.5% by September 2027.

Over the 12 months through September 2026, typical home values in 24016 rose 0.1%, per the Zillow Home Value Index.

Will home prices drop in 24016?

Zillow's forecast does not call for a drop: it expects typical home values in 24016 to rise 2.5% by September 2027, after a 0.1% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

Free home value report

See what your 24016 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 24016 home prices compare?

24016$166,240
Roanoke$261,556
Virginia$328,255
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Roanoke: 8 ZIPs; Virginia: 757 ZIPs; United States: 26,262 ZIPs).

Context

There are 31 homes for sale in 24016, with 6 new listings as of September 2026. The median days on market of 87 reflects a buyer's market where properties are taking time to sell. Nearly 45% of listings have seen price cuts, suggesting sellers are adjusting expectations to move inventory. Modest appreciation over the past year has not translated into quick sales. If you are thinking about selling, expect that your home will likely need time on the market and may benefit from pricing strategy.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $33,248

Term

Rate (%)

Common questions

What people ask us.

How much is a typical home worth in 24016?

The typical home value is $166,240 as of September 2026, representing a 0.1% increase over the past year.

How long do homes stay on the market in 24016?

The median days on market is 87 as of September 2026.

What percentage of homes have price cuts?

As of September 2026, 44.6% of listings have a price cut.

Discover

Nearby ZIP markets.

Keep reading