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Real estate in Roanoke’s Fallon neighborhood.

Compare top Fallon real estate agents.

Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for September 2026.*


* Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.

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Fallon real estate Market Report.

Information and statistics on the latest trends in the Fallon real estate market. *

Latest Rolling 3-Month Snapshot

May 1, 2026 - Jul 31, 2026

Median sale price
$105K
-26% from Q2 '26
Median list price
$96K
-16% from Q2 '26
Active listings
6
-14% from Q2 '26
Homes sold
5
+150% from Q2 '26
New pendings
4
+33% from Q2 '26
New listings
4
+33% from Q2 '26

Quarterly Pricing Trends for Fallon

Rolling three-month data ending on quarter boundaries when available.

Quarterly Pricing Trends for Fallon Q3 '21 Q3 '22 Q3 '23 Q3 '24 Q3 '25 Q2 '26 Median sale price in Jul 2021 - Sep 2021: $89K Median sale price in Oct 2021 - Dec 2021: $110K Median sale price in Jan 2022 - Mar 2022: $95K Median sale price in Apr 2022 - Jun 2022: $120K Median sale price in Jul 2022 - Sep 2022: $102K Median sale price in Oct 2022 - Dec 2022: $33K Median sale price in Jan 2023 - Mar 2023: $125K Median sale price in Apr 2023 - Jun 2023: $85K Median sale price in Jul 2023 - Sep 2023: $108K Median sale price in Oct 2023 - Dec 2023: $101K Median sale price in Jan 2024 - Mar 2024: $95K Median sale price in Apr 2024 - Jun 2024: $135K Median sale price in Jul 2024 - Sep 2024: $172K Median sale price in Oct 2024 - Dec 2024: $173K Median sale price in Jan 2025 - Mar 2025: $250K Median sale price in Apr 2025 - Jun 2025: $120K Median sale price in Jul 2025 - Sep 2025: $140K Median sale price in Oct 2025 - Dec 2025: $90K Median sale price in Jan 2026 - Mar 2026: $167K Median sale price in Apr 2026 - Jun 2026: $143K Median list price in Jul 2021 - Sep 2021: $129K Median list price in Oct 2021 - Dec 2021: $109K Median list price in Jan 2022 - Mar 2022: $137K Median list price in Apr 2022 - Jun 2022: $115K Median list price in Jul 2022 - Sep 2022: $99K Median list price in Oct 2022 - Dec 2022: $108K Median list price in Jan 2023 - Mar 2023: $95K Median list price in Apr 2023 - Jun 2023: $120K Median list price in Jul 2023 - Sep 2023: $129K Median list price in Oct 2023 - Dec 2023: $107K Median list price in Jan 2024 - Mar 2024: $141K Median list price in Apr 2024 - Jun 2024: $151K Median list price in Jul 2024 - Sep 2024: $172K Median list price in Oct 2024 - Dec 2024: $244K Median list price in Jan 2025 - Mar 2025: $125K Median list price in Apr 2025 - Jun 2025: $140K Median list price in Jul 2025 - Sep 2025: $157K Median list price in Oct 2025 - Dec 2025: $127K Median list price in Jan 2026 - Mar 2026: $189K Median list price in Apr 2026 - Jun 2026: $115K Jul 2021 - Sep 2021 Median sale price $89K Median list price $129K Oct 2021 - Dec 2021 Median sale price $110K Median list price $109K Jan 2022 - Mar 2022 Median sale price $95K Median list price $137K Apr 2022 - Jun 2022 Median sale price $120K Median list price $115K Jul 2022 - Sep 2022 Median sale price $102K Median list price $99K Oct 2022 - Dec 2022 Median sale price $33K Median list price $108K Jan 2023 - Mar 2023 Median sale price $125K Median list price $95K Apr 2023 - Jun 2023 Median sale price $85K Median list price $120K Jul 2023 - Sep 2023 Median sale price $108K Median list price $129K Oct 2023 - Dec 2023 Median sale price $101K Median list price $107K Jan 2024 - Mar 2024 Median sale price $95K Median list price $141K Apr 2024 - Jun 2024 Median sale price $135K Median list price $151K Jul 2024 - Sep 2024 Median sale price $172K Median list price $172K Oct 2024 - Dec 2024 Median sale price $173K Median list price $244K Jan 2025 - Mar 2025 Median sale price $250K Median list price $125K Apr 2025 - Jun 2025 Median sale price $120K Median list price $140K Jul 2025 - Sep 2025 Median sale price $140K Median list price $157K Oct 2025 - Dec 2025 Median sale price $90K Median list price $127K Jan 2026 - Mar 2026 Median sale price $167K Median list price $189K Apr 2026 - Jun 2026 Median sale price $143K Median list price $115K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
15
Seller’s Market
Seller’s Market
Buyer’s Market
0
25
50
75
100

Market gauge is calculated using active listings and pending sales from the most recently available reporting period (May 2026 - Jul 2026).

Home values in Fallon have shifted notably in the latest rolling three-month view, with the typical home value around $105,000 and up more than 30% from a year ago, even as it dropped sharply from the prior three-month period. Listing prices have moved in a different direction, with the median list price lower than both recent months and roughly one-third below last year. Compared with the broader Roanoke area, Fallon’s prices sit well under the city’s typical sale price of about $250,000, which can appeal to value-focused buyers. This gap between sale prices and list prices highlights a market where specific property mix and deal terms matter a lot.

Buyer and seller activity has been brisk despite the small number of homes. Over the past three months, homes sold jumped more than 150% year over year, while pending sales were also up strongly. New listings, however, fell nearly 60% from a year ago, keeping options limited for shoppers.

Supply has tightened dramatically, with months of supply dropping to just 0.6, far below Roanoke’s roughly three months of inventory. Homes are spending a median of only 11 days on the market, much faster than a year ago, and almost all are going under contract within two weeks. Nearly 20% of sales closed above list price and the average sale-to-list ratio climbed to about 102%, underscoring strong seller leverage. In a seller’s market with fast-moving, lower-priced homes, both buyers and sellers can benefit from Agent Pronto’s help in finding a Fallon agent who understands these dynamics.



Learn more about what Fallon has to offer.

Fallon offers residents a close-knit, welcoming community with tree-lined streets, convenient access to parks and local amenities, and a comfortable, connected feel that supports everyday life.

Fallon in Roanoke tends to appeal to buyers who value a residential setting with quick access to employment, healthcare, and daily conveniences. Its location near Downtown Roanoke and the Roanoke-Blacksburg Regional Airport makes it a practical choice for commuters, medical professionals, and frequent travelers who still want a neighborhood feel.

Homes in Fallon range from modest single family houses to older residences with oversized yards, which often attract first time buyers and long term residents alike. Proximity to Berglund Center gives locals easy access to concerts, events, and family entertainment, while nearby Washington Park offers green space, a pool, and playgrounds. Everyday errands are straightforward thanks to shopping and services along Orange Avenue and quick routes into Roanoke.

Families often look closely at school options such as William Fleming High School and nearby Lucy Addison Middle School. Outdoor enthusiasts appreciate how close Fallon is to Mill Mountain Park and regional trail systems, while those who enjoy local culture can reach the Taubman Museum of Art and the Roanoke Public Libraries system without much driving.

Because Fallon’s value, feel, and even traffic patterns can differ block by block, working with an Agent Pronto recommended agent who knows the neighborhood level details can help both buyers and sellers make confident decisions and achieve their goals.

Find your Fallon real estate agent today →


Trusted by over 500,000 buyers and sellers.

See why so many people rely on Agent Pronto to make their real estate journey a success.

“Wanda is a great person to work with, when buying a property she goes above and beyond to make sure that you are taken care of. She works tirelessly to get results.”

Gamaine A Murray · Virginia Beach, VA

Photo of Wanda Harris
OWN Real Estate, LLC
“We loved working with Bree!! She was very responsive, knowledgeable, knew what to ask, and really looked out for our best interests! We were looking for a vacation home over two hours away and she was with us every step of the way. I would recommend her to anyone, she makes it so easy and a great experience.”

Aspen Sowers · Moneta, VA

Photo of Bree Cox
Century 21 Realty at Home
“Kris kept in constant communication with expert advice to get us through the closing. She keep us in focus & redirect when we needed help through several delays to closing. Kris listened with patience & understanding & represented us with her expert knowledge. Thank you is not enough we appreciate you in many ways.”

Jamie Jochum · Fredericksburg, VA

Photo of Kris Riley
NextHome Mission
“Judy Petrak is one of those rare agents that has a superb combination of utmost competence, great communication skills, enthusiasm, honesty and superior knowledge of the local Realestate market. Totally satisfied with the outcome of the sale.”

Emile · Woodbridge, VA

Photo of Judy Petrak
Century 21 New Millennium
“Debbie has great local knowledge and can recommend great people for services for your home. She has a great personality and we enjoyed spending time with her. She is definitely on your side with negotiations and contracts. She knows her stuff!! Highly recommend.”

Thomas & Karen Sweeney · Chesapeake, VA

DM
The Real Estate Group
“It was a pleasure working with William Mallory. He is patient, diligent, and has the buyers best interest at heart. I recommend working with him as he makes the home buying experience exciting and makes you feel supported throughout the process.”

Jordan Johnson · Hampton, VA

Photo of William Mallory
Iron Valley Real Estate
“Mike was an excellent agent to work with. He went above and beyond to find out all the information on the property details and answers to all questions we had. He was available anytime we needed. We would recommend him to anyone interested in purchasing or selling a home. He is the best!!”

Robin Cloyd · Jonesborough, TN

Photo of Creation Properties
Century 21 Legacy
“Gurdeep is a top notch realtor. We have worked with her over the last 16 years on the purchase of 3 homes and the sale of 2 homes. Gurdeep has handled each transaction with extraordinary knowledge, professionalism, and care. She has a keen eye for detail and makes sure all aspects of the sale are done correctly. She is incredibly articulate and uses her skills to finesse through challenging moments with excellent negotiation skills. Her media presentation for our property included a beautiful flyer presentation and drone footage of our 5 acre property that were completely above and beyond. This attracted serious buyers immediately. We have always had a fantastic experience with Gurdeep and we can’t recommend her enough! If you want the BEST, then choose Gurdeep!”

Lynn Morehouse · Manassas, VA

Photo of Gurdeep Mangat
Century 21 New Millennium
“Marc is the consummate professional, with top notch expertise and excellent people skills. Marc creates an environment where you truly feel heard and understood, and he makes you feel completely at ease throughout the entire process. Marc is very responsive and easy to get in touch with. A true pleasure to work with, I would highly recommend him.”

Mary · Ashburn, VA

Photo of Marc Massis
Century 21 New Millennium
“We were looking for a house in a certain area and told Pam of our needs. A house came on the market and she emailed me the listing right after it went live. We were the first people to call and tour the house and put in an offer, and I believe that the fast work that Pam put in was a decisive factor in how we got the home. There were days when I might call Pam half a dozen times and she always answered the phone and I could tell she had a smile on her face. This is the second time I've worked with her and I will definitely do it again in the future.”

Omar · Lanham, MD

Photo of Pam Milan
Century 21 Century21 New MILLENNIUM
“Jamie and his team are top tier. I have full confidence that we would not have had the same level of success had we not partnered with them. For those looking for a team that differentiates themselves, James Strum and the Strum Group is the obvious choice!”

Scott McConnell · Powhatan, VA

Photo of The Strum Group
Long & Foster Real Estate Long and Foster
“It was a pleasure working with Debra. Her approach to getting my house sold quickly and for the best price was just what I needed. She easily navigated the many obstacles that came up during the process and her knowledge and experience really made the difference. I felt very much at ease knowing Debra was on the job.”

Darren Wright · Dumfries, VA

Photo of Debra McElroy
Century 21 New Millennium
“Brooke was amazing!! She truly went above and beyond to help me find a house to call home. I truly could not be more thankful I got to work with her!!!”

Arianna Endicott · Johnson City, TN

Photo of Brooke Shelton
Century 21 Legacy
“a excelent realtor. very profecional”

Marcial Flores · Woodbridge, VA

Photo of Alfonso Torres
Carrington Real Estate
“It was my pleasure working with you Daniel. You listened to my concerns and responded positively. Thank you”

Cecilia Doe · Beltsville, MD

Photo of The Washingtonian Group
Real Living Real Estate RLAH @properties
“We were so happy we picked Karen as our realtor. The only realtor that told us Virginia is a buyer beware state. The process is long and Karen has the patience and flexibility to work with you. We received excellent customer service and highly recommend her for all your realtor needs. Thank You, Karen for helping us find our new home.”

Joe & Denise · Glen Allen, VA

Photo of Karen Dailey
Century 21 Realty @ Home
“I cannot recommend Lindsay enough. She was always available to answer my questions, kept me updated throughout the entire process, and made what could have been a stressful experience feel smooth and manageable. She genuinely cared about helping me find the right home and was there every step of the way. I am extremely grateful for all of her hard work and would not hesitate to work with her again or recommend her to my family and friends.”

Edwin Martinez · Woodbridge, VA

Photo of Lindsay Summa
NextHome Mission
“Carla is a seasoned agent with a wealth of knowledge in the Northern Virginia area. We worked with her in the past, both buying and selling homes. We were extremely happy throughout the process then, and on the recent sale of our home. She is the only agent I would use going forward should the need arise. Thank you Carla!!”

Diane Peters · Manassas, VA

Photo of Carla Unterkofler
Century 21 New Millennium
“Nick was great to work with! He was very personable and easy going. He made time for every home we wanted to see at the exact times we wanted to see it. He stuck with us even after a 6 month lull in looking at homes. I would consider Nick not only a professional, but he has become a friend.”

Jacob and Sarah · Louisa, VA

Photo of Nick Hill
Century 21 New Millenium
“Working with Boris in DC was an outstanding experience from start to finish. He was knowledgeable, responsive, and truly understood the DC market. Throughout the entire process, he made us feel informed and supported, always going above and beyond to answer questions and advocate for our interests. His professionalism, honesty, and attention to detail made what could have been a stressful experience feel smooth and manageable. I would highly recommend Boris to anyone looking to buy or sell a home in the DC area.”

D.T. · Washington, DC

Photo of Boris Miric
Fathom Realty

Frequently Asked Questions

There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Fallon. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.


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