Is Martinsville, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Martinsville is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Martinsville has remained a Seller's Market.

Key Takeaway

Martinsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Martinsville, IN

How much do homes in Martinsville, IN cost?

Median Sold Price

$270,000

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,250(+4.3%)

Key Takeaway

Homes in Martinsville have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Martinsville was $270,000 in November 2024, up 4.3% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $88K$287.4K
+226.6%
2 $160K$174.5K
+9.1%
3 $250K$256K
+2.4%
4 $340K$381.5K
+12.2%
5+ $492K$445K
-9.6%

Summary: Martinsville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 226.6%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 9.6%.

Median Sold Price Compared To Nearby Cities

Martinsville
+4.3%
Washington Township
-9.9%

Housing Supply in Martinsville, IN

How many homes are available in Martinsville, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
162144-11.1%

Summary: The Martinsville real estate market had 144 homes for sale in November 2024, a 11.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 2115
-28.6%
3 8690
+4.7%
4 3726
-29.7%
5+ 1611
-31.3%

Summary: The Martinsville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 29.7%, and 5+ bedroom homes decreased by 31.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4225-40.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Martinsville, you may be able to get a good deal. 44% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Martinsville in November 2024, down by 40.5% month-over-month. Of the 25 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.

Days on Market for Martinsville, IN

How long does it take to sell a home in Martinsville, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days52 Days+100.3%

Summary: Homes in Martinsville had an average of 52 days on market in Nov 2024, up by 100.3% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Martinsville are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 25 homes were sold in Martinsville; 48% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Martinsville, IN

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