$29,500
5.10 Acres
Land
Listing Office: MOUNTAIN TO LAKE REALTY
Is Martinsville, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Martinsville was a Seller'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, VA
How much do homes in Martinsville, VA cost?
Median Sold Price
$118,500
$114/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$38,600(+48.3%)
Key Takeaway
Homes in Martinsville have sold for 48.3% more than they did a month ago.
Summary: The median home sold price in Martinsville was $118,500 in November 2024, up 48.3% from last month, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | - | N/A |
| 2 Bedrooms | $35K | $163.1K | +366.1% |
| 3 Bedrooms | $89.9K | $118.5K | +31.7% |
| 4 Bedrooms | $127K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Martinsville housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 366.1%, 3 bedroom homes increased by 31.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Martinsville | $79.9K | $118.5K | +48.3% |
| Collinsville | $220K | $164.3K | -25.3% |
Housing Supply in Martinsville, VA
How many homes are available in Martinsville, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 48 | +23.1% |
Summary: The Martinsville real estate market had 48 homes for sale in November 2024, a 23.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 16 | 25 | +56.3% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Martinsville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 56.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Martinsville, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Martinsville in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Martinsville, VA
We’re sorry, we don't have information for this market at the moment
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.