Housing Prices in Martinsville, VA
How much do homes in Martinsville, VA cost?
Median List Price
$157,500
$100/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in Martinsville has increased by 5.1% since last year.
Summary: The median home list price in Martinsville was $157,500 in March 2024, up 5.1% from the previous year, and the median price per square foot was $100.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $29.9K | N/A |
| 2 Bedrooms | $103.3K | $105.7K | +2.4% |
| 3 Bedrooms | $139.9K | $144.9K | +3.5% |
| 4 Bedrooms | $209K | $189K | -9.6% |
| 5+ Bedrooms | $199.9K | $357K | +78.6% |
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 2.4%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes increased by 78.6%.
Median List Price Compared To Nearby Cities
| Martinsville | $139.9K | $158.7K | +13.4% |
| Reed Creek | $224.4K | $239.4K | +6.7% |
| Martinsville | $149.9K | $157.5K | +5.1% |
| Collinsville | $159.9K | $159K | -0.6% |
Housing Supply in Martinsville, VA
How many homes are available in Martinsville, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 40 | +37.9% |
Summary: The Martinsville real estate market had 40 homes for sale in March 2024, a 37.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 6 | 12 | +100.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Martinsville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Days on Market for Martinsville, VA
How long does it take to sell a home in Martinsville, VA?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 429 Days | 262 Days | -39.0% |
Summary: Homes in Martinsville had an average listing age of 262 days in Mar 2024, down by 39% compared to the previous year.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes. 
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