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West End

ROANOKE, VA 24016

Real Estate Market Report
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
38
⇧ 11.8% vs 34 last year
Pending
12
32% pending ratio
Median Price
$228,925
⇩ 2.6% vs $234,938 last year
Average Price
$228,902
⇩ 23.5% vs $299,367 last year
Days on Market
74
⇩ 5.1% vs 78 days last year

Market Context

Population: 9,605  ·  Density: 1,238.4/mi²  ·  Median household income: $40,664

Typical home value: $125,565  ·  Homeownership: 20.4%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The ROANOKE, VA real estate market (24016) currently shows 38 active listings, with 12 pending sales. Homes are averaging 74 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are selling faster, averaging 74 days on market compared to 78 days last year.

The median listing price has fallen 2.6% year-over-year, from $234,938 to $228,925.

Whether you are buying or selling in ROANOKE, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 38 this year vs 34 last year
  • Days on market: 74 now vs 78 last year

Median & Average Pricing

Year over Year
  • Median: $228,925 (-2.6% YoY)
  • Average: $228,902 (-23.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 17.6 miles — 596 listings ($216,235,327 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24016Roanoke, VA 240160.0 mi38$8,698,276$228,925$228,902
24015Roanoke, VA 240151.8 mi51$17,052,258$315,000$334,358
24017Roanoke, VA 240172.6 mi91$18,814,250$199,919$206,750
24012Roanoke, VA 240124.3 mi127$33,574,355$249,950$264,365
24018Roanoke, VA 240186.4 mi139$60,610,811$395,950$436,049
24179Vinton, VA 241798.6 mi57$20,615,589$324,950$361,677
24083Daleville, VA 240839.5 mi10$6,273,260$662,450$627,326
24175Troutville, VA 2417510.7 mi27$15,881,940$399,000$588,220
24064Blue Ridge, VA 2406412.0 mi19$6,597,484$349,450$347,236
24059Bent Mountain, VA 2405912.6 mi6$5,357,574$624,900$892,929
24184Wirtz, VA 2418416.1 mi29$22,314,630$444,900$769,470
24174Thaxton, VA 2417416.7 mi2$444,900$222,450$222,450
24122Montvale, VA 2412217.6 mi0$0$309,950$309,950

Frequently Asked Questions

How many homes are for sale in ROANOKE, VA 24016?

As of January 2026, there are 38 active listings in ROANOKE, VA (zip code 24016), compared to 34 the prior year.

What is the median home price in ROANOKE, VA 24016?

The median listing price in ROANOKE, VA 24016 is $228,925 as of January 2026, a 2.6% decrease from $234,938 the prior year.

How long do homes stay on the market in ROANOKE, VA?

Homes in ROANOKE, VA 24016 spend an average of 74 days on the market before going under contract, compared to 78 days the prior year.

Is it a seller's or buyer's market in ROANOKE, VA 24016?

Based on current inventory and days-on-market data as of January 2026, ROANOKE, VA 24016 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 74 days on market compared to 78 days last year.

How much can I save on real estate commission in ROANOKE, VA?

With SELL123.com's maximum 3% commission, sellers in ROANOKE, VA 24016 save an estimated $4,579 compared to a typical 5% commission on the median listing price of $228,925. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.