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
$162,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Martinsville was $162,000 in April 2024, up 11.2% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $109K | $108K | -0.9% |
3 Bedrooms | $143.9K | $172K | +19.4% |
4 Bedrooms | $194.9K | $189K | -3.1% |
5+ Bedrooms | $175.5K | $350K | +99.4% |
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 0.9%, 3 bedroom homes increased by 19.4%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 99.4%.
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 |
---|---|---|
27 | 42 | +55.6% |
Summary: The Martinsville real estate market had 42 homes for sale in April 2024, a 55.6% 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 | 10 | 22 | +120.0% |
4 Bedrooms | 11 | 10 | -9.1% |
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 120%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Martinsville in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Martinsville, VA
We’re sorry, we don't have information for this market at the moment