Is Martinsville, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Martinsville has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $111.5K | +11.5% |
2 Bedrooms | $143K | $170K | +18.9% |
3 Bedrooms | $195K | $250K | +28.2% |
4 Bedrooms | $295K | $370K | +25.4% |
5+ Bedrooms | $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 | $198K | $262.5K | +32.6% |
Washington Township | $225K | $239.9K | +6.6% |
Housing Supply in Martinsville, IN
How many homes are available in Martinsville, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
95 | 103 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 47 | 53 | +12.8% |
4 Bedrooms | 31 | 31 | 0.0% |
5+ Bedrooms | 6 | 7 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 22 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 74 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
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.