Roanoke Home Values

Denton County's median sale price barely budged this quarter, but Roanoke's kept climbing: closings here landed near $666,000, roughly half again the county's figure, based on MLS data for 2026-09 closings in Roanoke. Price per square foot showed the same divergence, with Roanoke's median near $227 running about one-eighth above the county's roughly $202. Homes here also closed faster, a median of about 26 days against a market where deals typically linger longer, while sellers kept just under ninety-nine cents on the dollar at closing, a shade above the county norm. With roughly four dozen closings this quarter, the premium remains directional but has held for several months running.

Active inventory in Roanoke held flat at roughly 77 homes, but pending contracts fell to just a handful, widening a gap that first opened last month. Months of supply eased to about five and a half, keeping the market fractionally tighter than Denton County's nearly six-month pace — a modest edge that continues to favor sellers locally even as the county's broader pipeline runs proportionally deeper. New listings kept arriving at well over ten times the pace of pending contracts, a steeper imbalance than the ratio seen across the county as a whole.

Homes that closed in Roanoke this quarter spent a median of 28 days on the market before going under contract, extending a stretch of faster turnover that has taken hold since early summer, based on MLS data for 2026-08 closings in Roanoke. Price per square foot climbed to roughly $243, about nine percent above the trailing-year figure, while median sale price pushed past $700,000 for the first time in this record. Fewer sellers accepted below-asking offers than a year ago — under-list closings fell to roughly one in three from nearly four in ten — and the share closing above list price more than doubled, though it remains a small slice of the market.

Active inventory in Roanoke held steady at roughly 80 homes, but pending contracts thinned sharply to just a handful, even as new listings kept arriving at a pace of roughly two dozen for the quarter — a ratio that points to a real slowdown in how quickly current listings are converting to contract. Months of supply eased to about five, below the Denton County benchmark near six, keeping the broader supply picture in Roanoke's favor even as the immediate pipeline signals hesitation. If pending activity doesn't pick back up, the fast-turnover pattern reflected in recent closings could stall.

While Denton County's median price per square foot held near $203 in the latest quarter, Roanoke pulled further ahead at roughly $244 — a gap of about one-fifth, based on MLS data for 2026-07 closings in Roanoke. Median sale prices told a similar story, with Roanoke settling near $651,000 against the county's roughly $448,000. Concessions diverged too: sellers in Roanoke gave ground in barely one in three closings, compared to nearly six in ten across Denton County, even as list-to-sale ratios in both markets stayed within a percentage point of each other. With roughly four dozen closings this quarter, the premium is directional but consistent with recent months.

Roanoke's supply edge over Denton County — a gap that had been narrowing for two straight months — closed out entirely this quarter, with local months of supply landing fractionally above the county's figure for the first time in this record. The shift comes as new listings in Roanoke outpace pending contracts by roughly eight to one, a steeper imbalance than the county's own seven-to-one pace, suggesting local absorption is lagging the broader market even as headline supply levels converge. Homes are also sitting a touch longer before contract than the county norm.