Is Roanoke, VA 24019 a buyer’s or seller’s market?

The Roanoke housing market right now

In the three months ending August 31, 2026, 17% of homes in Roanoke, VA 24019 sold above their list price, the typical home went under contract in 18 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 112 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 27%, homes sold more slowly (14 days then) and the median sale price held steady to $324,859. Overall, Roanoke is less competitive than a year ago, which gives buyers more room.

Within Roanoke County, homes here sell faster than in 80% of the county’s ZIP codes, and sell less often over asking than in 60%. On our competition score, Roanoke ranks #196 of 358 VA ZIP codes with enough sales (score 59 out of 100).

Nearby, buyers who want less competition could look at Catawba 24070 (0% sold over asking) or Bent Mountain 24059 (0% sold over asking), while Roanoke 24014 (23% sold over asking) and Salem 24153 (23% sold over asking) are even more competitive.