Is Roanoke, VA 24012 a buyer’s or seller’s market?

The Roanoke housing market right now

In the three months ending August 31, 2026, 21% of homes in Roanoke, VA 24012 sold above their list price, the typical home went under contract in 17 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 95 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (20% then), homes sold faster (19 days then) and the median sale price fell 2% to $244,819. Overall, Roanoke is about as competitive as it was a year ago.

Within Roanoke city, homes here sell faster than in 80% of the county’s ZIP codes, and sell more often over asking than in 60%. On our competition score, Roanoke ranks #161 of 358 VA ZIP codes with enough sales (score 63 out of 100).

Nearby, buyers who want less competition could look at Roanoke 24011 (0% sold over asking) or Roanoke 24016 (13% sold over asking), while Roanoke 24013 (24% sold over asking) is even more competitive.