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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 August 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

Apr 1, 2026 - Jun 30, 2026

Median sale price
$280K
+8.9% from Q1 '26
Median list price
$383K
+28% from Q1 '26
Active listings
33
+27% from Q1 '26
Homes sold
7
-36% from Q1 '26
New pendings
12
+50% from Q1 '26
New listings
18
+5.9% from Q1 '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: $310K Median list price in Jan 2026 - Mar 2026: $299K Median list price in Apr 2026 - Jun 2026: $383K 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 $310K Jan 2026 - Mar 2026 Median sale price $257K Median list price $299K Apr 2026 - Jun 2026 Median sale price $280K Median list price $383K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
28
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 (Apr 2026 - Jun 2026).

Old Southwest is seeing more homes come to market in this rolling three-month view, with active listings up sharply from a year ago and new listings also higher. Sales volumes have moved the other way, with homes sold down significantly year over year even as pending sales are up modestly. This combination has pushed months of supply up to 8.1, a dramatic jump from last year and well above the 2.7 months seen across Roanoke as a whole.

Prices are adjusting alongside these shifts in inventory and contract activity. The typical home value in Old Southwest is down nearly 10 percent from a year ago, yet the median list price has climbed by roughly a quarter over the same period, suggesting sellers are testing higher asking prices even as closed sale prices trend lower.

Homes are still moving at a reasonable pace, with a median of about 20 days on market in the latest period and more than 40 percent going off the market within two weeks. Only about 14 percent of recent sales closed above list price, and the average sale-to-list ratio of just over 92 percent indicates buyers often have room to negotiate. With inventory rising faster than sales in Old Southwest and pricing signals sending a mixed message, both buyers and sellers can benefit from an Agent Pronto–recommended real estate agent who understands these neighborhood-level dynamics.



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 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
“Kris was excellent to work with. Kris helped us navigate through the home buying process while we were not able to be present, due to being stationed overseas. She was very easy to contact and answered all our questions quickly. She helped us though a the home buying process with ease and confidence. I would recommend Kris to friends and would love to work with her again in the future.”

Lauren · Fredericksburg, VA

Photo of Kris Riley
NextHome Mission
“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
“Judy did an excellent job throughout the process of selling our home - from the initial strategy thrugh closing. Her advice was absolutely critical in successfully selling the home. She went to extraordinary lengths to work through a couple of snags along the way, especially dealing with the HOA and various vendors. Absolutely recommend Judy for any real estate needs.”

Paul Ross · Triangle, VA

Photo of Judy Petrak
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
“I can't say enough great things about how Bree handled my whole sales experience. She was on top of every aspect in getting my house exposed to as many potential buyers as possible. She kept me completely informed and handled every aspect with ease. She is truly a Professional! It was a pleasure having her represent me!! Thank you, Bree!”

Vincent Eberhart · Chesterfield, VA

Photo of Bree Cox
Century 21 Realty at Home
“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
“Debbie not only helped us find exactly what we were looking for, and where, but she helped us set up the sale of our previous house, and helped us negotiate consecutive closing dates as well as a possession maintenance period of our previous house in order to make our move easier. Having now worked with her on a sale and a purchase, plus her having done wonders for other family members, we would recommend her to anyone looking to purchase a home.”

Robert Pervere · Coinjock, NC

DM
The Real Estate Group
“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
“​I cannot recommend Wes Sparks at eXp Realty highly enough! My father and I recently worked with Wes to sell my father's home, and the entire experience was seamless, professional, and incredibly successful. ​From our very first meeting, it was clear that Wes is an expert in his field. He brought a wealth of market knowledge and a strategic approach that gave us immediate confidence. Selling a family home can often be an emotional and complex process, but Wes handled everything with the utmost respect and patience.”

Smithson · Stanardsville, VA

Photo of Wes Sparks
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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