Is Roanoke, VA 24013 a buyer’s or seller’s market?
Roanoke is a balanced market. With about 4.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 50% of U.S. ZIP codes, and #255 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Roanoke housing market right now
In the three months ending August 31, 2026, 24% of homes in Roanoke, VA 24013 sold above their list price, the typical home went under contract in 24 days and there were 4.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 22 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 16%, homes sold faster (28 days then) and the median sale price fell 6% to $160,431. Overall, Roanoke is more competitive than a year ago, so tougher for buyers.
Within Roanoke city, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Roanoke ranks #255 of 358 VA ZIP codes with enough sales (score 49 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).
Run the numbers for 24013
Nearby markets
Roanoke 24011Seller’s market $157 /sq ftRoanoke 24012Seller’s market $143 /sq ftRoanoke 24015Seller’s market $154 /sq ftRoanoke 24016Balanced $129 /sq ft Browse all markets →Towns like Roanoke nearby
Find towns like Roanoke in other states →Where Roanoke is
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Questions about Roanoke real estate
Is Roanoke a buyer’s or seller’s market?
A balanced market: there were 4.4 months of supply in Roanoke, VA 24013 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 24 days in the latest three months.
Do homes in Roanoke sell over asking?
24% of homes sold above their original list price, and the typical sale closed at 98.0% 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 $160,431 in the three months ending August 31, 2026, about $104 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