Photo: Sleddog116 at en.wikipedia · CC BY-SA 3.0155 homes sold in Martinsville in the last year, at a typical $130K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Martinsville homes are listed.
Every place Martinsville homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Martinsville.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 95% of Martinsville’s sales, at a typical $144K (year to May 2026)
155 homes sold in the year to September 2026.
typical sale · 141 sold in the year to May 2026
- Per square foot
- $95VA $222
- Days to sell
- 71
- Sold over asking
- 14%
- Listings with a price cut
- 27%
Multi-family (2–4 units): 8 sold, typical $170K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.6 times the 2016 price
155 sales in the last year, against 215 in 2023 and a low of 109 in 2015. The typical sale went from $81K in 2016 to $130K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $150K buys in Martinsville
Check a listing against what Martinsville homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Martinsville are back to pre-pandemic levels, with about as many homes for sale
We read every month of Martinsville’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 155 sales.
If you’re buying in Martinsville
- Shop in June. It brings about 16 new listings a month, close to the busiest month, with fewer bidding wars (13% over asking).
- Offer under asking. Buyers paid 93.3% of the list price on average; 13% paid over.
- You’ll usually have time. Only 22% of homes go under contract within two weeks; the typical one takes 73 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 18 a month), but July is the most competitive: 22% of July sales close over asking. June offers nearly as much choice with fewer homes bid up (13%). June has the least competition (13%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Virginia
| Martinsville now | 2017–19 | 2021 peak | VA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 13% | 14% | 28% | 30% |
| Gone within two weeksShare of homes under contract within 14 days | 22% | 2% | 4% | 42% |
| Price paid vs. askingAverage sale price ÷ list price | 93.3% | 93% | 97% | 99.2% |
| Days to sellMedian days from listing to contract | 73 | 238 | 98 | 40 |
74 homes for sale on a typical day
That’s twice the 2022 low (36), 14% fewer than in 2017–19 and well under 2012’s 123.
Martinsville ranks 192nd of 204 busy Virginia markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Martinsville is one of the state’s calmer markets.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Martinsville home costs about $762 a month
Price: Martinsville’s typical sale, last 12 months. Property tax at Martinsville’s 0.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Martinsville is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 9.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $130K home, about $1,000 a year.
Taxes vs. neighborsSchools
The schools grade for Martinsville, from test results, graduation and how much students grow.
Schools in MartinsvilleTypical commute
The average one-way trip to work for people who live in Martinsville.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Collinsville, Chatmoss, Eden, Mayodan, Wentworth and Madison for far more
The busier markets within 25 miles of Martinsville, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Eden | 240 | $173K | $130 | 15% | 92 |
| Martinsville | 155 | $130K | $89 | 13% | 73 |
| Collinsville | 56 | $185K | $116 | 9% | 83 |
| Mayodan | 31 | $160K | $146 | 37% | 67 |
| Wentworth | 30 | $287K | $165 | 34% | 59 |
| Chatmoss | 24 | $381K | $139 | 11% | 79 |
| Madison | 24 | $214K | $163 | 35% | 58 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Martinsville, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Martinsville. People who follow the town see it, and so do people comparing Martinsville with their own town. No commission, no listing fee.
Questions about buying a home in Martinsville
What do homes sell for in Martinsville, VA?
155 homes sold in the year to September 2026 at a typical $130K, $89 a square foot.
Is Martinsville a buyer’s or seller’s market?
A buyer’s market: 86 homes were for sale in September 2026 and 13 sold, about 6.3 months of supply. Buyers paid 93.3% of asking on average.
When is the best time to buy in Martinsville?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Martinsville?
About 0.8% of a home’s value a year. On a $130K home that’s near $1,000.
Where can I see homes for sale in Martinsville?
Zillow, Redfin, Realtor.com and Homes.com all carry Martinsville’s MLS listings; the search links above open each one filtered to Martinsville.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).