Is Roanoke, VA 24011 a buyer’s or seller’s market?
Roanoke is a seller’s market. With about 1.6 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Roanoke housing market right now
In the three months ending August 31, 2026, 0% of homes in Roanoke, VA 24011 sold above their list price, the typical home went under contract in 80 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (276 days then) and the median sale price fell 39% to $415,820. Overall, Roanoke is more competitive than a year ago, so tougher for buyers.
Within Roanoke city, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Roanoke 24013 (24% sold over asking) and Roanoke 24015 (22% sold over asking) are even more competitive.
Run the numbers for 24011
Nearby markets
Roanoke 24012Seller’s market $143 /sq ftRoanoke 24013Balanced $104 /sq ftRoanoke 24015Seller’s market $154 /sq ftRoanoke 24016Balanced $129 /sq ft Browse all markets →Where Roanoke is
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Questions about Roanoke real estate
Is Roanoke a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Roanoke, VA 24011 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Roanoke?
The typical home went under contract in 80 days in the latest three months.
Do homes in Roanoke sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.
What are property taxes in Roanoke?
About 0.99% of a home’s value a year in Roanoke city, or roughly $3,960 on a $400,000 home.
What is the median home price in Roanoke?
The median sale price was $415,820 in the three months ending August 31, 2026, about $157 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology