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Featured local agent — Martinsville, IN
Sarah Mitchell
Compass Real Estate · Martinsville, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Martinsville, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$220,000median sale price
How is the Martinsville, IN housing market right now?
The median home sale price in Martinsville, IN is $220,000, up 3.5% year-over-year. Homes sell in an average of 36 days with 27 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Martinsville a buyer's or seller's market?
Martinsville, IN is currently a seller's market, based on 1.3 months of supply and homes selling in about 36 days. How we determine this →
Homes sold
21
Last 12 weeks
Days on market
36
Average pace
Active listings
27
1.3 months supply
Sale-to-list
98.7%
Below asking
What does the Martinsville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $220,000 |
| Median list price | $235,000 |
| Year-over-year price change | +3.5% |
| Average days on market | 36 days |
| Active inventory | 27 listings |
| Months of supply | 1.3 months |
| Sale-to-list price ratio | 98.7% |
| Median price per sq ft | $137/sq ft |
| Homes sold (latest month) | 21 |
| New listings (latest month) | 15 |
| Listings with a price cut | 44.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Martinsville by property type?
How the Martinsville, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $221,000 | $139/sq ft | 20 | 34 days |
| Condo / Co-op | $285,000 | $145/sq ft | 1 | 703 days |
Source: Redfin · Updated monthly
The Martinsville housing market is currently classified as a seller's market with a median sale price of $220,000. Prices have risen 3.5% compared to last year, with homes spending an average of 36 days on market, indicating 1.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.3x provides context for how home values compare to local earning capacity.
Homes for sale in Martinsville
There are currently 27 homes listed for sale in Martinsville, Indiana. The median listing price is $235K.
Active listings
27
Homes on market
Median list price
$235K
Avg. days on market
36
Days until sale
New this week
15
Newly listed
Who lives in Martinsville?
Population
11,913
Median income
$56,186/yr
Median age
36.9 years
Owner-occupied
63.5%
College grads
13.6%
Avg commute
31.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Martinsville?
Zillow home value
$297,391
Zillow rent index
$1,148/mo
Price-to-rent ratio
21.6x
Price-to-income
5.3x
Source: Zillow Research
What is it like to live in Martinsville?
Martinsville is a community of approximately 12K residents with a median age of 36.9 years.The median household income is $56,186, which represents a working-class community with solid middle-income opportunities. 13.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 63.5%, showing a blend of owner and renter-occupied properties. The average commute time is 31.4 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Martinsville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Martinsville?
9 schools tracked · 4,011 students
The largest public schools serving Martinsville, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Martinsville High School
Grades 9-12 · 1,315 students
John R. Wooden Middle School
Grades 6-8 · 593 students
Bell Intermediate Academy
Grades 5-6 · 510 students
Charles L Smith Fine Arts Academy
Grades PK-4 · 418 students
Waverly Elementary School
Grades PK-6 · 375 students
South Elementary School of Communications
Grades PK-6 · 281 students
Poston Road Elementary School
Grades PK-4 · 246 students
Green Township Elementary School
Grades PK-4 · 143 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Martinsville, IN?
Want a head-to-head view? Compare Martinsville side-by-side with any other U.S. city using our market-comparison tool.
Is Martinsville a good real estate investment market?
For investors evaluating Martinsville, the price-to-rent ratio of 21.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 3.5% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Martinsville's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Martinsville's median home price.
Frequently asked questions
What is the average home price in Martinsville?
The median home sale price in Martinsville is $220,000, up 3.5% from last year.
How long do homes stay on market in Martinsville?
Homes typically spend 36 days on market before going under contract.
What is the median income in Martinsville?
The median household income is $56,186 per year.
Is Martinsville a buyer's or seller's market?
With 1.3 months of supply, Martinsville is currently a seller's market.
What is the Zillow home value estimate for Martinsville?
The Zillow Home Value Index (ZHVI) for Martinsville is $297,391, representing the typical home value in the area.
What is the median condo price in Martinsville?
The median condo/co-op sale price in Martinsville, IN is $285,000, compared to $221,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Martinsville?
The median single-family home price in Martinsville, IN is $221,000 (about $139 per square foot).
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