Martinsville, VA
Housing market overview · Updated weekly
$123,000median sale price
Homes sold
9
Last 12 weeks
Days on market
130
Average pace
Active listings
67
7.4 months supply
Sale-to-list
90.3%
Below asking
The Martinsville housing market is currently classified as a buyer's market with a median sale price of $123,000. Prices have fallen 18.0% compared to last year, with homes spending an average of 130 days on market, indicating 7.4 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Martinsville
There are currently 67 homes listed for sale in Martinsville, Virginia. The median listing price is $119K.
Active listings
67
Homes on market
Median list price
$119K
Avg. days on market
130
Days until sale
New this week
17
Newly listed
Explore nearby cities in VA
Frequently asked questions
What is the average home price in Martinsville?
The median home sale price in Martinsville is $123,000, down 18.0% from last year.
How long do homes stay on market in Martinsville?
Homes typically spend 130 days on market before going under contract.
Is Martinsville a buyer's or seller's market?
With 7.4 months of supply, Martinsville is currently a buyer's market.
Get Martinsville market alerts
Weekly updates on prices, inventory, and trends. Free forever.