Roanoke, Virginia, Nov. 10, 2026 (GLOBE NEWSWIRE) -- Big Lick Home Buyers, LLC released a Roanoke Valley housing market update comparing third-quarter sales with the same period last year. Residential closings fell 7.6% year over year across the area covered by the Roanoke Valley Association of REALTORS® MLS, while the average sale price in September rose 1.5%. The update looks at what those two figures mean for homeowners weighing whether to list, sell in the home’s current condition, or pursue a direct offer.
Roanoke Valley Housing Update
The association’s monthly MLS figures show 1,369 residential sales from July through September 2026, compared with 1,481 in the third quarter of 2025. September accounted for 430 sales, compared with 434 a year earlier. The average September sale price rose to $390,516 from $384,718. The figures cover the association’s MLS reporting area. The average reflects the mix of homes that sold and can shift as that mix changes.
“The Roanoke market is sending a mixed message: fewer homes are selling, but that hasn’t translated into a broad drop in prices. Homeowners shouldn’t base their decisions on national headlines alone. The right approach starts with the local market, the individual property and what the owner needs to accomplish,” said Seth Redman, founder of Big Lick Home Buyers, LLC.
A seller deciding whether to make repairs can start by comparing recent sales of nearby homes in similar condition. Estimates for major work, such as a roof or heating system replacement, can help establish what it would cost to prepare the property. For a vacant or inherited home, the comparison can also include the mortgage, taxes, insurance and utilities the owner expects to pay during preparation and marketing.
“For Roanoke homeowners, today’s market calls for realistic expectations and a clear plan. Selling activity has slowed, even as prices have held up, so pricing, property condition and timing deserve careful attention. For owners facing repairs, an inherited property or a tight deadline, understanding their selling options can make the next step much less stressful,” said Tyler Begasse, co-owner of Big Lick Home Buyers, LLC.
The company’s update suggests comparing the estimated amount the seller would receive under each option and reviewing which repairs, fees and other costs each offer assigns to the seller. Homeowners working around a move or another deadline can also compare the proposed closing date and any conditions that could change it. Big Lick describes how its direct purchase process works on its website.
About Big Lick Home Buyers, LLC
Big Lick Home Buyers, LLC is a real estate investment company based in Roanoke, Virginia. The company purchases residential properties directly from homeowners in the Roanoke Valley and other Virginia markets.
Press Inquiries
Seth Redman, Founder
Big Lick Home Buyers, LLC
seth [at] biglickhomebuyers.com
(540) 251-2131
3959 Electric Rd Ste 380, Roanoke, VA 24018
https://www.biglickhomebuyers.com/
