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MARTINSVILLE, VA 24112

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The MARTINSVILLE, VA real estate market (24112) currently shows 131 active listings, with 34 pending sales. Homes are averaging 72 days on the market before going under contract.

Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 72 days on market compared to 70 days last year.

The median listing price has fallen 3.9% year-over-year, from $184,150 to $177,000.

Whether you are buying or selling in MARTINSVILLE, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 30,370  ·  Density: 77.5/mi²  ·  Median household income: $42,349

Typical home value: $110,275  ·  Homeownership: 66.9%

Market Overview

Active Listings
131
⇧ 10.1% vs 119 last year
Pending
34
26% pending ratio
Median Price
$177,000
⇩ 3.9% vs $184,150 last year
Average Price
$215,858
⇩ 19.4% vs $267,887 last year
Days on Market
72
⇧ 2.9% vs 70 days last year

Price Per Square Foot

Median $/sqft
$120
⇩ 7.7% vs $130/sqft last year
Median Home Size
1,403 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 131 this year vs 119 last year
  • Days on market: 72 now vs 70 last year

Median & Average Pricing

Year over Year
  • Median: $177,000 (-3.9% YoY)
  • Average: $215,858 (-19.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.8 miles — 390 listings ($133,339,396 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24112Martinsville, VA 241120.0 mi126$26,130,636$180,000$207,386
24168Stanleytown, VA 241685.6 mi3$3,523,500$1,174,500$1,174,500
24055Bassett, VA 240558.6 mi40$9,666,920$189,900$241,673
24148Ridgeway, VA 241489.9 mi23$7,365,175$270,000$320,225
24165Spencer, VA 2416514.9 mi7$2,142,105$321,579$306,015
24133Patrick Springs, VA 2413315.8 mi7$1,509,025$222,000$215,575
27288Eden, NC 2728816.6 mi99$23,512,599$224,893$237,501
24088Ferrum, VA 2408817.4 mi8$5,718,488$399,900$714,811
24137Penhook, VA 2413717.6 mi21$31,278,681$1,004,500$1,489,461
24092Glade Hill, VA 2409219.8 mi1$1,750,000$1,750,000$1,750,000
27027Mayodan, NC 2702720.7 mi14$3,041,780$229,450$217,270
24176Union Hall, VA 2417621.6 mi13$10,617,243$799,250$816,711
24531Chatham, VA 2453123.8 mi28$7,083,244$190,000$252,973

Frequently Asked Questions

How many homes are for sale in MARTINSVILLE, VA 24112?

As of February 2026, there are 131 active listings in MARTINSVILLE, VA (zip code 24112), compared to 119 the prior year.

What is the median home price in MARTINSVILLE, VA 24112?

The median listing price in MARTINSVILLE, VA 24112 is $177,000 as of February 2026, a 3.9% decrease from $184,150 the prior year.

How long do homes stay on the market in MARTINSVILLE, VA?

Homes in MARTINSVILLE, VA 24112 spend an average of 72 days on the market before going under contract, compared to 70 days the prior year.

Is it a seller's or buyer's market in MARTINSVILLE, VA 24112?

Based on current inventory and days-on-market data as of February 2026, MARTINSVILLE, VA 24112 is currently a Buyer's Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 72 days on market compared to 70 days last year.

How much can I save on real estate commission in MARTINSVILLE, VA?

With SELL123.com's maximum 3% commission, sellers in MARTINSVILLE, VA 24112 save an estimated $3,540 compared to a typical 5% commission on the median listing price of $177,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.