Roanoke VA Homes for Sale: Your Guide to Buying in 2023
Ready to Start the Home Buying Process in Roanoke? Here's What You Need to Know
If you’ve been thinking about buying a home in Roanoke, VA, now might be the perfect time. Roanoke is a city full of life and culture, and it has much to offer to potential homebuyers. Whether you’re a first-time homebuyer or someone looking to upgrade, you’ll have plenty of options to choose from.
Roanoke Real Estate Market Overview
The Roanoke real estate market is currently a sellers’ market. Home values have been rising steadily in Roanoke over the past few years, and many homes have been selling quickly. As of April 2023, the median home value in Roanoke was $186,900, an increase of 4.6% from the previous year. The median list price also increased by 4.9% over the past year, and the median sale price was $178,000. With home values continuing to rise in Roanoke, now is a great time to start looking for a home in the area.
Types of Homes for Sale in Roanoke
There are a variety of types of homes for sale in Roanoke. You’ll find everything from single-family homes to luxury condos and townhomes. The median price for a single-family home in Roanoke is $195,000, while condos and townhomes typically cost less. You’ll also find a wide range of styles, from historic homes to modern, energy-efficient designs. No matter what type of home you’re looking for, you’ll have plenty of options in Roanoke.
Home Buying Process in Roanoke
If you’re ready to start the home buying process in Roanoke, there are a few steps you should take. Start by finding a real estate agent who is familiar with the Roanoke area. Your real estate agent can help you find the perfect home for your needs and budget. You’ll also need to get pre-approved for a loan, so you know how much you can afford to spend on a home. Once you’ve found the perfect home, your real estate agent can help you complete the purchase.
Closing Costs in Roanoke
Closing costs in Roanoke can vary depending on the type of loan you’re getting, the amount of the loan, and other factors. Generally, you can expect to pay between 2% and 5% of the purchase price in closing costs. This includes lender fees, title and escrow fees, taxes, and other costs. Your real estate agent can provide more information on closing costs in Roanoke.
Finding the Right Home in Roanoke
Buying a home in Roanoke can be a great way to invest in the city’s future. With the right real estate agent, you can find the perfect home for your needs and budget. With home values continuing to rise in the area, now is a great time to start the home buying process.
Ready to Start Looking for a Home in Roanoke?
If you’re ready to start looking for a home in Roanoke, VA, now is the perfect time. With the city’s vibrant culture and steady home values, you’ll have plenty of options to choose from. With the help of a real estate agent, you can find the perfect home for your needs and budget.