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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 November 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

Jul 1, 2026 - Sep 30, 2026

Median sale price
$320K
+14% from Q2 '26
Median list price
$296K
-17% from Q2 '26
Active listings
29
-15% from Q2 '26
Homes sold
11
+57% from Q2 '26
New pendings
9
-25% from Q2 '26
New listings
12
-37% 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 Q4 '21 Q4 '22 Q4 '23 Q4 '24 Q4 '25 Q3 '26 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 sale price in Jul 2026 - Sep 2026: $320K 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 Median list price in Jul 2026 - Sep 2026: $296K 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 Jul 2026 - Sep 2026 Median sale price $320K Median list price $296K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
32
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 (Jul 2026 - Sep 2026).

Inventory in Old Southwest has expanded notably in this rolling three-month view, with active listings up more than 50% from a year ago. New listings have also risen at a similar pace, even as pending sales have slipped compared with last year. This shift has pushed months of supply to about 4.1, well above the broader Roanoke market’s 3.2 months and much higher than a year ago locally.

Pricing has adjusted alongside these inventory changes. Typical home values are up modestly year over year, while the median list price has edged down compared with last year, suggesting sellers are pricing more carefully. Homes are still moving faster, with median days on market dropping sharply from a year ago, and about one-third of listings going under contract within two weeks.

Negotiation dynamics show a mixed picture. Only about 18% of recent sales closed above list price, and the average sale-to-list ratio sits just under 97%, indicating buyers often have some room to negotiate even as sellers see solid demand. With more options on the market, faster selling times, and pricing that varies by property and strategy, both buyers and sellers in Old Southwest can benefit from an Agent Pronto–recommended real estate agent to help them navigate their next move.



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 →


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“FIVE STARS JUST AREN’T ENOUGH! We can’t say enough good things about the Christy Crouch Team! From the day we went under contract until the day we closed, the entire experience was absolutely outstanding. Customer service was second to none, communication was off the charts, and the professionalism demonstrated throughout the entire process was unmatched. We never had to wonder what was happening or what came next. We were kept informed every step of the way, and it was obvious we were dealing with people who genuinely cared about us and getting the job done right. In a world where exceptional customer service sometimes seems like a thing of the past, the Christy Crouch Team is a shining example of how business SHOULD be done! Would we recommend them? ABSOLUTELY, without hesitation! Thank you to Christy and the entire team for making such an important chapter in our lives a truly wonderful experience. Mike & Sherry”

mike07384 ·

Photo of The Crouch Team
RE/MAX Remax All Points
“We are so grateful for Amy and her team for going above and beyond while selling my parents’ home! She helped us with so many details beyond the sale itself, and thanks to her expertise, we sold for more than asking price. She made a difficult process so much easier we highly recommend Amy! The Brown Family”

Kim Brown ·

Photo of The Hudson Team
RE/MAX 8
“Grimm Brothers construction has used dwayne on multiple property acquisitions. He has assisted in both the buying and selling of many residential properties. We have found him to be very responsive whenever we have questions concerning closing, property values etc. Dwayne has a vast knowledge of property values and whats available in the shenandoah valley. Wouldn't use anyone else!”

Ben grimm ·

Photo of Dwayne Caricofe
LPT Realty LLC
“Kendra was a good experience all the way around. She was empathetic when needed and quick with information when ask. Her agency has many advantages,too many to list. Even her sign was by far the best. Her assistant was extremely helpful. If you are an older person, I am work with Kendra. If you are a christian ,I am work with Kendra. If you expect diligence,timeliness expertise work with Kendra...”

hamcomonty ·

Photo of Virginia Realty Group
Virginia Realty Group
“Thanks to Steven, we were able to successfully close on our first rental property, and we could not be happier with the experience. As first-time investment property buyers, we had a lot of questions and wanted to make sure we were making informed decisions throughout the process. Steven was incredibly helpful, knowledgeable, and patient every step of the way. He took the time to explain things clearly, kept us informed of important updates, and was always quick to respond whenever we reached out. His professionalism and attention to detail helped make what could have been a stressful process feel much more manageable. We truly appreciated his guidance, honesty, and dedication to helping us achieve our goal of purchasing our first rental property. Thanks to his hard work and support, the transaction went smoothly from start to finish. We would highly recommend Steven to anyone looking to buy, sell, or invest in real estate.”

kbriggs55 ·

Photo of Steven & Abbey Lee
Red Key Realty
“Adam worked with me an my husband , very nice and understood what I needed to do an got it done.”

Dustin and Amber Perdue · Bedford, VA

Photo of Adam Hazelwood
eXp Realty Rural Virginia Homes, Farms & Land
“Smooth and easy. Rusty was receptive to what we were looking for and was extremely patient. From the very first conversation, it was clear he genuinely cared about helping me find the right home—not just closing a deal. He’s local and is knowledgeable, responsive, and incredibly patient throughout the entire process. Every question I had was answered quickly and clearly, and he took the time to explain. Rusty is also a U.S. Marine Corps Veteran and his commitment and dedication shows! What stood out the most was his professionalism and positive attitude. Rusty was down to earth and treated us like his own family! Buying a home can be stressful, but Rusty made it smooth, organized, and even enjoyable. I couldn’t be happier with the outcome and would absolutely recommend him to anyone looking to buy or sell a home.”

John Piraino ·

Photo of Rusty Hubbard
The Real Brokerage Real Broker, LLC
“Angel is an angel! We recently purchased our first home after relocating to roanoke in july. She really led the way on the whole process! I truly belive we wouldn't be here without her. I can't even articulate what a wonderful experience we had working with her. She was very communitive through the whole process, gently guiding us to the right home in the right neighborhood for the right price. No games, just what we needed for being so green to this whole process. She's straight forward and honest, if you need her advice she will happily give it when asked. When things started to fall apart on our end she kept moving and found our home, We were the first ones in the door the day it went on the market and a offer was made and accepted that evening! With little cash to close after the big move, she negotiated the perfect offer for us so both parties were happy and jubilant! We cannot wait to have her back over once we finish a few projects to show our progress. My only regrets is that I didn't write this review sooner. She is a treasure and treated our new family like her own. If you are looking for an agent, a friend or someone extremely knowledgeable about the area, you just found her.”

zuser20190606173143330 ·

Photo of McCarren Lane Team
McCarren Lane Team with Wainwright & Co. - Realtors
“I listed a house for sale in Fairlawn, VA. Within an hour of me listing it FSBO, I received a call from Riley. He was so forthcoming and candid that I decided to give him a chance to list it with EXPRealty. Little did I know what I was signing up for. Not only did he handle all the usual things (open house, showings, etc.) but he was my advocate the whole time. I felt like I could trust him. He communicated promptly, candidly and clearly with me, always gave me the good the bad and the bottom line. His attention to detail - impeccable. His connections with a contractor allowed the repairs to happen in a timely manner and on budget. I would go thru him again if I needed to buy/sell another house. Thank you Riley!”

StellaBoyer ·

Photo of Riley Hall
EXP REALTY LLC
“Bob did a wonderful job with staying in touch .sending documents to be looked over .everything went smooth .great guy would recommend him to others can’t wait to start a new beginning up here.”

PatriciaStone26 ·

Photo of The Realty Group
Keller Williams Lynchburg
“Rob was incredibly helpful throughout the home buying process! We closed in just over three weeks! Rob was knowledgeable, and fast with helpful responses to all our questions, negotiated with sellers to get any issues found during inspection fixed at no cost to us. This will hopefully be our forever home, but we would choose Rob again in any future home purchases in the Roanoke area.”

allisonkrantz ·

Photo of Rob Kern
Real Broker LLC
“Artur was amazing at helping us find a home, he was very quick, responsive and attentive. My family and I are very happy with services and highly recommend him if you are looking for a home!”

PamelaMaldonado5 ·

Photo of Artur Guney
eXp Realty, LLC

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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