Are sellers cutting their asking price in Roanoke, VA?
In Roanoke, VA, 36% of the homes on the market cut their asking price during May 2026 — roughly 4 in every 10 listings. That is about where it was a year earlier (37%).
A price cut means a home was listed, did not sell at that number, and the seller lowered it. It is the clearest sign of the gap between what sellers are asking and what buyers will pay, and it shows up months before it shows up in sale prices.
The share has barely moved against a year ago, which means sellers and buyers are about as far apart as they were then — no better, no worse.
The other side of the same market: 31% of homes here sold for MORE than the asking price. Both numbers being high is normal and not a contradiction — it means pricing is what decides the outcome. Homes priced right draw offers; homes priced high sit and then get cut.
Over the last 36 months the highest this got was 42%, in October 2023.
If you are selling here, the number to take from this is that about 4 in 10 of your competitors got their first price wrong. If you are buying, a home that has already been cut once is a seller who has accepted that the market disagreed with them.
One caution: price cuts are seasonal everywhere. Listings that sit through the summer get cut in the fall. That is why the honest comparison is to the same month a year ago, which is the one we show, rather than to last month.
Source: Redfin's published market data for the Roanoke, VA area, through May 2026.
Are you the agent for Roanoke, VA?
We build this page's numbers into a one-page report with your name, brokerage and phone on it, for up to three areas you work — emailed to you fresh every month. Forward it to clients. $49 a month, cancel anytime.
See a real sample report first — no email needed.
More about the Roanoke, VA market
- When is the best month to sell a house in Roanoke, VA?
- How long does it take to sell a house in Roanoke, VA?
- Do homes sell above asking price in Roanoke, VA?
- Are home prices going up or down in Roanoke, VA?
- Is Roanoke, VA a buyer's market or a seller's market?
- Is the housing market slowing down in Roanoke, VA?
- What is the average home price in Roanoke, VA?
- How many homes are for sale in Roanoke, VA?
- All Roanoke, VA housing numbers
Other markets
- Are sellers cutting prices in Virginia Beach, VA?
- Are sellers cutting prices in Richmond, VA?
- Are sellers cutting prices in Charlottesville, VA?
- Are sellers cutting prices in Lynchburg, VA?
- Are sellers cutting prices in Winchester, VA?
- Are sellers cutting prices in Blacksburg, VA?
- Are sellers cutting prices in Staunton, VA?
- Are sellers cutting prices in Harrisonburg, VA?
Figures come from Redfin's published market data for the Roanoke, VA area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.