Is Martinsville, VA 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, VA
How much do homes in Martinsville, VA cost?
Median Sold Price
$165,000
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Martinsville was $165,000 in April 2024, up 15.4% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $109.9K | $95K | -13.6% |
3 Bedrooms | $142.9K | $170K | +18.9% |
4 Bedrooms | $175K | $189K | +8.0% |
5+ Bedrooms | $160.6K | $350K | +117.9% |
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 decreased by 13.6%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 117.9%.
Median Sold Price Compared To Nearby Cities
Martinsville | $142.9K | $165K | +15.4% |
Martinsville | $145.7K | $162K | +11.2% |
Housing Supply in Martinsville, VA
How many homes are available in Martinsville, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 39 | +62.5% |
Summary: The Martinsville real estate market had 39 homes for sale in April 2024, a 62.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 6 | +200.0% |
3 Bedrooms | 8 | 20 | +150.0% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
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 increased by 200%, 3 bedroom homes increased by 150%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Martinsville in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Martinsville, VA
We’re sorry, we don't have information for this market at the moment