Is Roanoke, VA 24015 a buyer’s or seller’s market?
Roanoke is a seller’s market. With about 2.4 months of supply and 22% 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.
More competitive than 62% of U.S. ZIP codes, and #187 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, 22% of homes in Roanoke, VA 24015 sold above their list price, the typical home went under contract in 12 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 84 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 26%, homes sold more slowly (10 days then) and the median sale price fell 10% to $300,380. Overall, Roanoke is less competitive than a year ago, which gives buyers more room.
Within Roanoke city, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 80%. On our competition score, Roanoke ranks #187 of 358 VA ZIP codes with enough sales (score 60 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 24015
Nearby markets
Roanoke 24011Seller’s market $157 /sq ftRoanoke 24012Seller’s market $143 /sq ftRoanoke 24013Balanced $104 /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 seller’s market: there were 2.4 months of supply in Roanoke, VA 24015 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 12 days in the latest three months.
Do homes in Roanoke sell over asking?
22% of homes sold above their original list price, and the typical sale closed at 98.1% 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 $300,380 in the three months ending August 31, 2026, about $154 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