Is Roanoke, VA 24017 a buyer’s or seller’s market?

The Roanoke housing market right now

In the three months ending August 31, 2026, 19% of homes in Roanoke, VA 24017 sold above their list price, the typical home went under contract in 20 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 60 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 32%, homes sold more slowly (18 days then) and the median sale price fell 2% to $223,853. Overall, Roanoke is less competitive than a year ago, which gives buyers more room.

Within Roanoke city, homes here sell faster than in 60% of the county’s ZIP codes, and sell less often over asking than in 60%. On our competition score, Roanoke ranks #257 of 358 VA ZIP codes with enough sales (score 48 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) and Roanoke 24015 (22% sold over asking) are even more competitive.