$129,900
1.29 Acres
Land
Nicholas Barbetta, Listing Office: HOF Realty
Is Martinsville, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Martinsville has remained a Buyer's Market.
Key Takeaway
Martinsville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Martinsville, NJ
How much do homes in Martinsville, NJ cost?
Median Sold Price
$800,000
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$85,000(+11.9%)
Key Takeaway
Homes in Martinsville have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Martinsville was $800,000 in October 2024, up 11.9% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $548.5K | $630.6K | +15.0% |
| 3 Bedrooms | $597.5K | $657K | +10.0% |
| 4 Bedrooms | $715K | $859.5K | +20.2% |
| 5+ Bedrooms | $1.0M | $1.1M | +7.1% |
Summary: Martinsville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Bridgewater Township | $592K | $675K | +14.0% |
| Warren Township | $1.0M | $1.1M | +14.0% |
| Martinsville | $715K | $800K | +11.9% |
| Bridgewater | $598.2K | $666.5K | +11.4% |
| Bound Brook | $434K | $470K | +8.3% |
Housing Supply in Martinsville, NJ
How many homes are available in Martinsville, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Summary: The Martinsville real estate market had 22 homes for sale in October 2024, a 4.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Martinsville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Martinsville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Martinsville in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Martinsville, NJ
We’re sorry, we don't have information for this market at the moment
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