4
$900
9d
1217 lot Top St
Martinsville, VA 24112
Multi-family
View photos & details
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Sarah Mitchell
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Compass Real Estate · Martinsville, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Martinsville, VA(512) 555-0184TX License #0512847
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Martinsville, VA Housing Market & Real Estate
Buyer's market-7.9% YoY
Housing market overview · Updated monthly ·
$157,450median sale price
How is the Martinsville, VA housing market right now?
The median home sale price in Martinsville, VA is $157,450, down 7.9% year-over-year. Homes sell in an average of 47 days with 73 active listings. The market is currently a buyer'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?
Buyer's market6.1 months of supply47 avg. days on market
Martinsville, VA is currently a buyer's market, based on 6.1 months of supply and homes selling in about 47 days. How we determine this →
Homes sold
12
Last 12 weeks
Days on market
47
Average pace
Active listings
73
6.1 months supply
Sale-to-list
95.1%
Below asking
What does the Martinsville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $157,450 |
| Median list price | $184,450 |
| Year-over-year price change | -7.9% |
| Average days on market | 47 days |
| Active inventory | 73 listings |
| Months of supply | 6.1 months |
| Sale-to-list price ratio | 95.1% |
| Median price per sq ft | $101/sq ft |
| Homes sold (latest month) | 12 |
| New listings (latest month) | 20 |
| Listings with a price cut | 21.9% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Martinsville by property type?
How the Martinsville, VA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $149,900 | $104/sq ft | 11 | 47 days |
| Townhouse | $109,900 | $91/sq ft | 1 | 60 days |
Source: Redfin · Updated monthly
The Martinsville housing market is currently classified as a buyer's market with a median sale price of $157,450. Prices have fallen 7.9% compared to last year, with homes spending an average of 47 days on market, indicating 6.1 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 3.2x provides context for how home values compare to local earning capacity.
Homes for sale in Martinsville
There are currently 73 homes listed for sale in Martinsville, Virginia. The median listing price is $184K. Featured listings range from $900 to $294,990.
4
$1,000
9d
108 Echols St
Martinsville, VA 24112
Multi-family
View photos & details
5
$1,000
9d
219 lot Amy Ave
Martinsville, VA 24112
Multi-family
View photos & details
3
$3,000
9d
1026 lot Independence Dr
Martinsville, VA 24112
Multi-family
View photos & details
3
$3,000
9d
102 Dogwood Ct
Martinsville, VA 24112
Multi-family
View photos & details
5
$4,000
9d
305 Sellers St
Martinsville, VA 24112
Multi-family
View photos & details
5
$5,000
9d
106 lot Dogwood Ct
Martinsville, VA 24112
Multi-family
View photos & details
6
$6,000
9d
1030 Independence Dr
Martinsville, VA 24112
Multi-family
View photos & details
New Listing
26
$95,000
1 day
931 Myrtle Rd
Martinsville, VA 24112
2 bd1 ba822 sqft$116/ft²
Mobile homeBuilt 194719,602 sqft lot
View photos & details
New Listing
13
$199,900
1 day
222 Aaron St
Martinsville, VA 24112
3 bd2 ba1,410 sqft$142/ft²
Mobile homeBuilt 192410,018 sqft lot
View photos & details
New Listing
11
$265,000
6d
1320 Chatham Heights Rd
Martinsville, VA 24112
3 bd2.5 ba2,043 sqft$130/ft²
Mobile homeBuilt 195119,602 sqft lot
View photos & details
New Listing3D Tour
37
$294,990
1 day
708 Starling Ave
Martinsville, VA 24112
4 bd3.5 ba2,478 sqft$119/ft²
Mobile homeBuilt 193520,037 sqft lot
View photos & details
Looking to buy in Martinsville?
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Active listings
73
Homes on market
Median list price
$184K
Avg. days on market
47
Days until sale
New this week
20
Newly listed
Price drops:21.9%of listings
Sale-to-list:95.1%
Who lives in Martinsville?
Population
13,584
Median income
$42,434/yr
Median age
40.2 years
Owner-occupied
56.7%
College grads
21.2%
Avg commute
19.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Martinsville?
Zillow home value
$135,786
Zillow rent index
$871/mo
Price-to-rent ratio
13.0x
Price-to-income
3.2x
Source: Zillow Research
What is it like to live in Martinsville?
Martinsville is a community of approximately 14K residents with a median age of 40.2 years.The median household income is $42,434, which represents a working-class community with solid middle-income opportunities. 21.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 56.7%, showing a blend of owner and renter-occupied properties. The average commute time is 19.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Martinsville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Martinsville?
12 schools tracked · 4,181 students
The largest public schools serving Martinsville, VA 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.
Laurel Park Middle
Grades 6-8 · 743 students
Meadow View Elementary
Grades PK-5 · 647 students
Martinsville High
Grades 9-12 · 558 students
G.W. Carver Elementary
Grades PK-5 · 451 students
Albert Harris Elementary
Grades K-5 · 402 students
Martinsville Middle
Grades 6-8 · 389 students
Patrick Henry Elementary
Grades K-5 · 344 students
Rich Acres Elementary
Grades PK-5 · 270 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, VA?
Want a head-to-head view? Compare Martinsville side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Martinsville?
Is Martinsville a good real estate investment market?
For investors evaluating Martinsville, the price-to-rent ratio of 13.0x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 7.9% year-over-year, potentially creating entry opportunities for strategic buyers.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 $157,450, down 7.9% from last year.
How long do homes stay on market in Martinsville?
Homes typically spend 47 days on market before going under contract.
What is the median income in Martinsville?
The median household income is $42,434 per year.
Is Martinsville a buyer's or seller's market?
With 6.1 months of supply, Martinsville is currently a buyer's market.
How many homes are for sale in Martinsville?
There are currently 73 homes listed for sale in Martinsville, VA.
What is the Zillow home value estimate for Martinsville?
The Zillow Home Value Index (ZHVI) for Martinsville is $135,786, representing the typical home value in the area.
How much does a single-family home cost in Martinsville?
The median single-family home price in Martinsville, VA is $149,900 (about $104 per square foot).
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