$9,963 Closing Credit*
$839,000
5 Beds
•3 Full Baths, 1 Partial
Listing Office: RE/MAX WELCOME HOME
Is Martinsville, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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, NJ
How much do homes in Martinsville, NJ cost?
Median Sold Price
$792,000
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$77,000(+10.8%)
Key Takeaway
Homes in Martinsville have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Martinsville was $792,000 in November 2024, up 10.8% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $560K | $630.6K | +12.6% |
| 3 Bedrooms | $645K | $661K | +2.5% |
| 4 Bedrooms | $730K | $919.5K | +26.0% |
| 5+ Bedrooms | $1.0M | $1.1M | +4.7% |
Summary: Martinsville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 26%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Bridgewater Township | $605K | $680K | +12.4% |
| Bridgewater | $605K | $676K | +11.7% |
| Martinsville | $715K | $792K | +10.8% |
| Bound Brook | $434K | $480K | +10.6% |
| Warren Township | $1.0M | $1.1M | +10.6% |
Housing Supply in Martinsville, NJ
How many homes are available in Martinsville, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Martinsville real estate market had 21 homes for sale in November 2024, a 4.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Martinsville, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Martinsville in November 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% 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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