Is Martinsville, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Martinsville has remained a Seller's Market.
Housing Prices in Martinsville, IN
How much do homes in Martinsville, IN cost?
Median Sold Price
$262,500
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Martinsville was $262,500 in May 2024, up 26.8% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $111.5K | +11.5% |
2 Bedrooms | $151.9K | $169K | +11.2% |
3 Bedrooms | $200K | $250K | +25.0% |
4 Bedrooms | $299K | $345K | +15.4% |
5+ Bedrooms | $425K | $577.5K | +35.9% |
Summary: Martinsville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 35.9%.
Median Sold Price Compared To Nearby Cities
Martinsville | $207K | $262.5K | +26.8% |
Washington Township | $225K | $240.5K | +6.9% |
Housing Supply in Martinsville, IN
How many homes are available in Martinsville, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
101 | 126 | +24.8% |
Summary: The Martinsville real estate market had 126 homes for sale in May 2024, a 24.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 12 | 16 | +33.3% |
3 Bedrooms | 51 | 64 | +25.5% |
4 Bedrooms | 29 | 32 | +10.3% |
5+ Bedrooms | 8 | 14 | +75.0% |
Summary: The Martinsville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 22 | +4.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Martinsville in May 2024, up by 4.8% month-over-month. Of the 22 sold homes, 55% were sold under asking, 32% were sold at asking, and 14% were sold over asking.
Days on Market for Martinsville, IN
How long does it take to sell a home in Martinsville, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 37 Days | +191.5% |
Summary: Homes in Martinsville had an average of 37 days on market in May 2024, up by 191.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Martinsville; 68% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.