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 April 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

$262,500

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$64,500(+32.6%)

Key Takeaway

Homes in Martinsville have sold for 32.6% more than they did a year ago.

Summary: The median home sold price in Martinsville was $262,500 in April 2024, up 32.6% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $100K$111.5K
+11.5%
2 $143K$170K
+18.9%
3 $195K$250K
+28.2%
4 $295K$370K
+25.4%
5+ $435K$570K
+31.0%

Summary: Martinsville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 28.2%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes increased by 31%.

Median Sold Price Compared To Nearby Cities

Martinsville
+32.6%
Washington Township
+6.6%

Housing Supply in Martinsville, IN

How many homes are available in Martinsville, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
95103+8.4%

Summary: The Martinsville real estate market had 103 homes for sale in April 2024, a 8.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 1011
+10.0%
3 4753
+12.8%
4 3131
0.0%
5+ 67
+16.7%

Summary: The Martinsville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 12.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2722-18.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

6 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. 36.4% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Martinsville in April 2024, down by 18.5% month-over-month. Of the 22 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% 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

Apr 2023Apr 2024CHANGE
43 Days74 Days+70.3%

Summary: Homes in Martinsville had an average of 74 days on market in Apr 2024, up by 70.3% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 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 April 2024, 22 homes were sold in Martinsville; 59% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 14% 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 22 Days Ago

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