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Real estate in Roanoke’s Old Southwest neighborhood.

Compare top Old Southwest real estate agents.

Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for October 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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Old Southwest real estate Market Report.

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

Latest Rolling 3-Month Snapshot

Jun 1, 2026 - Aug 31, 2026

Median sale price
$315K
+12% from Q2 '26
Median list price
$332K
-6.6% from Q2 '26
Active listings
32
-5.9% from Q2 '26
Homes sold
10
+43% from Q2 '26
New pendings
9
-25% from Q2 '26
New listings
17
-11% from Q2 '26

Quarterly Pricing Trends for Old Southwest

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

Quarterly Pricing Trends for Old Southwest Q3 '21 Q3 '22 Q3 '23 Q3 '24 Q3 '25 Q2 '26 Median sale price in Jul 2021 - Sep 2021: $236K Median sale price in Oct 2021 - Dec 2021: $242K Median sale price in Jan 2022 - Mar 2022: $217K Median sale price in Apr 2022 - Jun 2022: $263K Median sale price in Jul 2022 - Sep 2022: $249K Median sale price in Oct 2022 - Dec 2022: $250K Median sale price in Jan 2023 - Mar 2023: $215K Median sale price in Apr 2023 - Jun 2023: $250K Median sale price in Jul 2023 - Sep 2023: $298K Median sale price in Oct 2023 - Dec 2023: $255K Median sale price in Jan 2024 - Mar 2024: $385K Median sale price in Apr 2024 - Jun 2024: $320K Median sale price in Jul 2024 - Sep 2024: $262K Median sale price in Oct 2024 - Dec 2024: $408K Median sale price in Jan 2025 - Mar 2025: $398K Median sale price in Apr 2025 - Jun 2025: $310K Median sale price in Jul 2025 - Sep 2025: $308K Median sale price in Oct 2025 - Dec 2025: $224K Median sale price in Jan 2026 - Mar 2026: $257K Median sale price in Apr 2026 - Jun 2026: $280K Median list price in Jul 2021 - Sep 2021: $250K Median list price in Oct 2021 - Dec 2021: $300K Median list price in Jan 2022 - Mar 2022: $262K Median list price in Apr 2022 - Jun 2022: $250K Median list price in Jul 2022 - Sep 2022: $275K Median list price in Oct 2022 - Dec 2022: $350K Median list price in Jan 2023 - Mar 2023: $300K Median list price in Apr 2023 - Jun 2023: $274K Median list price in Jul 2023 - Sep 2023: $350K Median list price in Oct 2023 - Dec 2023: $440K Median list price in Jan 2024 - Mar 2024: $350K Median list price in Apr 2024 - Jun 2024: $381K Median list price in Jul 2024 - Sep 2024: $395K Median list price in Oct 2024 - Dec 2024: $400K Median list price in Jan 2025 - Mar 2025: $343K Median list price in Apr 2025 - Jun 2025: $304K Median list price in Jul 2025 - Sep 2025: $313K Median list price in Oct 2025 - Dec 2025: $285K Median list price in Jan 2026 - Mar 2026: $299K Median list price in Apr 2026 - Jun 2026: $355K Jul 2021 - Sep 2021 Median sale price $236K Median list price $250K Oct 2021 - Dec 2021 Median sale price $242K Median list price $300K Jan 2022 - Mar 2022 Median sale price $217K Median list price $262K Apr 2022 - Jun 2022 Median sale price $263K Median list price $250K Jul 2022 - Sep 2022 Median sale price $249K Median list price $275K Oct 2022 - Dec 2022 Median sale price $250K Median list price $350K Jan 2023 - Mar 2023 Median sale price $215K Median list price $300K Apr 2023 - Jun 2023 Median sale price $250K Median list price $274K Jul 2023 - Sep 2023 Median sale price $298K Median list price $350K Oct 2023 - Dec 2023 Median sale price $255K Median list price $440K Jan 2024 - Mar 2024 Median sale price $385K Median list price $350K Apr 2024 - Jun 2024 Median sale price $320K Median list price $381K Jul 2024 - Sep 2024 Median sale price $262K Median list price $395K Oct 2024 - Dec 2024 Median sale price $408K Median list price $400K Jan 2025 - Mar 2025 Median sale price $398K Median list price $343K Apr 2025 - Jun 2025 Median sale price $310K Median list price $304K Jul 2025 - Sep 2025 Median sale price $308K Median list price $313K Oct 2025 - Dec 2025 Median sale price $224K Median list price $285K Jan 2026 - Mar 2026 Median sale price $257K Median list price $299K Apr 2026 - Jun 2026 Median sale price $280K Median list price $355K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
36
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 (Jun 2026 - Aug 2026).

Inventory in Old Southwest has expanded noticeably in this rolling three-month view. Active listings are up about 90 percent from a year ago, and months of supply has jumped to 6.4, far above the roughly 3.1 months seen across Roanoke overall. Even with more choices, homes are not sitting long, with the median days on market down to about two weeks, roughly 37 percent faster than last year.

Prices are adjusting to this shifting balance between supply and demand. The typical home value around $315,000 is slightly lower than a year ago, yet the median list price is up more than 30 percent year over year, signaling that sellers are aiming higher even as buyers have more options. Despite that gap, sale-to-list dynamics are firming, with the average sale-to-list ratio improving to just over 97 percent and the share of homes selling above asking nearly doubling from last year.

Sales and listing activity show a mixed but active picture. Homes sold are down modestly from a year ago, while new listings have surged by more than 100 percent, and pending sales are slightly lower year over year, suggesting buyers are taking a bit more time to choose. With inventory rising but quick market times and solid pricing, it is important for both buyers and sellers to have a skilled local expert, and Agent Pronto can connect them with the right agent to navigate Old Southwest’s conditions.



Learn more about what Old Southwest has to offer.

Old Southwest offers residents a lively, walkable community with historic charm, easy access to shops and parks, and a welcoming, neighborly atmosphere.

Old Southwest stands out in Roanoke for its historic character paired with an active, close knit community, offering a distinct alternative to newer developments in areas like Wasena or Grandin Court. Tree lined streets, architectural variety, and front porches create a neighborhood where people tend to know their neighbors and value local identity.

Residents are within walking or biking distance of Elmwood Park and the Taubman Museum of Art, as well as downtown events and dining in Roanoke. Families appreciate proximity to Highland Park Elementary School and the green space at Highland Park. Everyday needs are covered with nearby grocery options and neighborhood businesses, while Roanoke Valley Greenways trails put walking and cycling routes within easy reach.

Housing in Old Southwest ranges from restored early 20th century homes to apartments and smaller infill properties, attracting both long term residents and new arrivals. The area appeals to those who want urban convenience along with a residential feel and a sense of history that is hard to replicate in newer neighborhoods like Hollins.

Whether you are preparing to list a historic home or hoping to move into Old Southwest before the next market shift, planning and timing matter. Agent Pronto can connect both buyers and sellers with an agent who understands this neighborhood’s character, pricing, and pace.

Find your Old Southwest 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.

“It was great to once again work with Debra Mcelroy to find a new house. She had previously helped me find my first house in Virginia and this year, she helped me sell that house and purchase a new one. Because of my previous experience with her, I didn't even consider any other agents. And that decision paid off tremendously. She sold my house quickly and for a great price, then help me successfully win the bidding on the house I really wanted to purchase. Throughout the process, she was always on top of things and always available to respond to my questions. Her knowledge and experience were evident throughout and made the difference in several difficult situations.”

Darren Wright · Woodbridge, VA

Photo of Debra McElroy
Century 21 New Millennium
“Mike was knowledgeable about the area and understanding what was important to get our property sold. We had a very unique property that he was able to market and price very well. He was extremely efficient and helpful in the entire process, even before we officially decided to work with him, he took time to research and inform us on tax status that we were unaware of in order to successfully accomplish the goal of selling our property. He was patient but also urgent in his communication and helping us everything needed to reach our goal. We would definitely work with him again and refer him to others! 10/10 highly recommend!”

Darrell Bond · Kingsport, TN

Photo of Creation Properties
Century 21 Legacy
“Gurdeep did an exceptional job as our realtor. We were first time homebuyers and she made sure that we had all the information we needed throughout the process. The sellers gave us a tight timeline to close and she worked proactively with the inspectors and loan company, even on weekends, to make sure deadlines were hit. We had a smooth closing and she has also given us great contractor recommendations. Thank you Gurdeep!”

Megan Andersen · Alexandria, VA

Photo of Gurdeep Mangat
Century 21 New Millennium
“Regina was easy to work with always answering my calls, and explaining all my questions. Thank you for all your help!”

Rusty and Tania · Hiwassee, VA

Photo of Regina Piland
Century 21 Valley Real Estate
“Working with Marvin James was very smooth and easy being this was my first time purchasing a home everything was quick and if I had any questions he was quick to answer them for me.”

Matt R · Wingina, VA

Photo of Marvin James
eXp Realty
“Bree was amazing to work with as first-time home buyers! She made the entire process easier, answered all of our questions, and was always there to help us along the way. We’re so grateful to have had her help finding our first home and would absolutely recommend her to anyone!”

Scout · Powhatan, VA

Photo of Bree Cox
Century 21 Realty at Home
“Pam Milan is truly one of the best real estate agents I have ever worked with. From the very beginning, she was so caring, patient, and supportive throughout both the sale of my home and the purchase of my new home. She was always available to answer my questions, no matter how many I had, and she made a stressful process so much easier for me. I truly appreciate all the time, effort, and care she put into helping me. She is professional, knowledgeable, trustworthy, and genuinely cares about her clients. I highly recommend Pam to anyone who is buying or selling a home. You will be in great hands with her!”

Afrooz Pour · Fairfax Station, VA

Photo of Pam Milan
Century 21 Century21 New MILLENNIUM
“Sara Andrews Hart is a professional realestate agent who deeply cares about her clients and works tirelessly on their behalf. Communication is an exceptionally strong suit as realestate transactions are multifaceted and can be complicated. She navigates challenges that arise and has a plethora of resources to handle them; therefore, allievating much stress for home sellers. She is highly recommended.”

Sandra · Virginia Beach, VA

Photo of Sara Andrews Hartz
The Real Estate Group
“Professional and easy to work with”

Herb Cross · Chesapeake, VA

Photo of Wanda Harris
OWN Real Estate, LLC
“It was a pleasure working with Wes on the sale of my home. He is professional, knowledgeable and informative. He was always available to answer any of my questions. I was able to sell the house quickly with no major hold ups. Thank you again Wes.”

Wayne · Mount Jackson, VA

Photo of Wes Sparks
eXp Realty, LLC
“Brooke sold us two properties, one rural hunting property that will be built on someday and a residential property until then. She serviced both spectrums for us.”

Jerry · Church Hill, TN

Photo of Brooke Shelton
Century 21 Legacy
“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
“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
“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
“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

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 Old Southwest. 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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