Is Martinsville, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Martinsville was a Seller's Market.
Housing Prices in Martinsville, NJ
How much do homes in Martinsville, NJ cost?
Median Sold Price
$730,000
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Martinsville was $730,000 in April 2024, down 2.7% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $497.5K | $622.5K | +25.1% |
3 Bedrooms | $562.5K | $651K | +15.7% |
4 Bedrooms | $750K | $800K | +6.7% |
5+ Bedrooms | $1.2M | $997.5K | -18.6% |
Summary: Martinsville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.1%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 18.6%.
Median Sold Price Compared To Nearby Cities
Bridgewater | $544K | $616.8K | +13.4% |
Warren Township | $950K | $1.0M | +13.2% |
Bridgewater Township | $550.2K | $618.7K | +12.5% |
Bound Brook | $410K | $441K | +7.6% |
Martinsville | $750K | $730K | -2.7% |
Housing Supply in Martinsville, NJ
How many homes are available in Martinsville, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 23 | +155.6% |
Summary: The Martinsville real estate market had 23 homes for sale in April 2024, a 155.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 1 | 3 | +200.0% |
4 Bedrooms | 3 | 8 | +166.7% |
5+ Bedrooms | 4 | 11 | +175.0% |
Summary: The Martinsville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 166.7%, and 5+ bedroom homes increased by 175%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Martinsville in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Martinsville, NJ
We’re sorry, we don't have information for this market at the moment