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Featured local agent — Martinsville, NJ
Sarah Mitchell
Compass Real Estate · Martinsville, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Martinsville, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.20Mmedian sale price
How is the Martinsville, NJ housing market right now?
The median home sale price in Martinsville, NJ is $1.20M, up 28.3% year-over-year. Homes sell in an average of 15 days with 23 active listings. The market is currently a strong 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, NJ is currently a strong seller's market, based on 2.9 months of supply and homes selling in about 15 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
15
Fast-moving
Active listings
23
2.9 months supply
Sale-to-list
107.4%
Above asking
What does the Martinsville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.20M |
| Median list price | $975,000 |
| Year-over-year price change | +28.3% |
| Average days on market | 15 days |
| Active inventory | 23 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 107.4% |
| Median price per sq ft | $360/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 15 |
| Listings with a price cut | 30.4% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Martinsville by property type?
How the Martinsville, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.20M | $360/sq ft | 8 | 15 days |
| Condo / Co-op | $370,000 | $349/sq ft | 1 | 35 days |
Source: Redfin · Updated monthly
The Martinsville housing market is currently classified as a strong seller's market with a median sale price of $1.20M. Prices have risen 28.3% compared to last year, with homes spending an average of 15 days on market, indicating 2.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Martinsville
There are currently 23 homes listed for sale in Martinsville, New Jersey. The median listing price is $975K.
Active listings
23
Homes on market
Median list price
$975K
Avg. days on market
15
Days until sale
New this week
15
Newly listed
Who lives in Martinsville?
Population
12,016
Median income
$206,839/yr
Median age
45.9 years
Owner-occupied
94.5%
College grads
71.9%
Avg commute
35.1 min
Source: U.S. Census Bureau ACS
What is it like to live in Martinsville?
Martinsville is a community of approximately 12K residents with a median age of 45.9 years.The median household income is $206,839, which reflects a relatively affluent area with strong earning potential. 71.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 94.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 35.1 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 cities are near Martinsville, NJ?
Want a head-to-head view? Compare Martinsville side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Martinsville?
The median home sale price in Martinsville is $1.20M, up 28.3% from last year.
How long do homes stay on market in Martinsville?
Homes typically spend 15 days on market before going under contract.
What is the median income in Martinsville?
The median household income is $206,839 per year.
Is Martinsville a buyer's or seller's market?
With 2.9 months of supply, Martinsville is currently a strong seller's market.
What is the median condo price in Martinsville?
The median condo/co-op sale price in Martinsville, NJ is $370,000, compared to $1.20M 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, NJ is $1.20M (about $360 per square foot).
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