Is Martinsville, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Martinsville was a Seller's Market.
Key Takeaway
Martinsville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Martinsville, NJ
How much do homes in Martinsville, NJ cost?
Median Sold Price
$715,000
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Martinsville have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in Martinsville was $715,000 in March 2024, down 4.7% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $465K | $620K | +33.3% |
| 3 Bedrooms | $550K | $651K | +18.4% |
| 4 Bedrooms | $750K | $730K | -2.7% |
| 5+ Bedrooms | $1.1M | $997.5K | -12.3% |
Summary: Martinsville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 18.4%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 12.3%.
Median Sold Price Compared To Nearby Cities
| Warren Township | $932.5K | $1.0M | +16.3% |
| Bridgewater | $539.8K | $615.6K | +14.0% |
| Bridgewater Township | $546.7K | $615K | +12.5% |
| Martinsville | $750K | $715K | -4.7% |
Housing Supply in Martinsville, NJ
How many homes are available in Martinsville, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Summary: The Martinsville real estate market had 9 homes for sale in March 2024, a 28.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Martinsville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Martinsville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Martinsville in March 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Martinsville, NJ
We’re sorry, we don't have information for this market at the moment
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