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MARTINSVILLE, IN 46151

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

Market Analysis

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

The MARTINSVILLE, IN real estate market (46151) currently shows 106 active listings, with 34 pending sales. Homes are averaging 88 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 88 days on market compared to 73 days last year.

The median listing price has risen 23.5% year-over-year, from $288,254 to $355,900.

Whether you are buying or selling in MARTINSVILLE, IN, 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: 32,564  ·  Density: 61.7/mi²  ·  Median household income: $79,808

Typical home value: $200,055  ·  Homeownership: 80.3%

Market Overview

Active Listings
106
⇧ 2.9% vs 103 last year
Pending
34
32% pending ratio
Median Price
$355,900
⇧ 23.5% vs $288,254 last year
Average Price
$405,671
⇧ 4.7% vs $387,557 last year
Days on Market
88
⇧ 20.5% vs 73 days last year

Price Per Square Foot

Median $/sqft
$181
⇧ 14.6% vs $158/sqft last year
Median Home Size
1,954 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 106 this year vs 103 last year
  • Days on market: 88 now vs 73 last year

Median & Average Pricing

Year over Year
  • Median: $355,900 (+23.5% YoY)
  • Average: $405,671 (+4.7% 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 19.9 miles — 782 listings ($337,923,803 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46151Martinsville, IN 461510.0 mi100$39,263,600$362,500$392,636
46166Paragon, IN 461668.7 mi5$1,977,960$182,500$395,592
46158Mooresville, IN 461589.7 mi55$22,059,730$374,900$401,086
47468Unionville, IN 4746811.8 mi9$5,578,650$532,450$619,850
47433Gosport, IN 4743313.7 mi13$5,997,368$332,500$461,336
47456Quincy, IN 4745614.5 mi2$889,900$444,950$444,950
46181Trafalgar, IN 4618115.0 mi12$11,079,408$499,500$923,284
47408Bloomington, IN 4740815.3 mi47$27,489,078$449,450$584,874
46168Plainfield, IN 4616816.8 mi104$42,529,136$365,000$408,934
47404Bloomington, IN 4740417.9 mi79$34,047,973$349,950$430,987
46143Greenwood, IN 4614319.6 mi230$108,137,720$380,000$470,164
46120Cloverdale, IN 4612019.7 mi23$8,034,153$259,450$349,311
46217Indianapolis, IN 4621719.9 mi103$30,839,127$265,000$299,409

Frequently Asked Questions

How many homes are for sale in MARTINSVILLE, IN 46151?

As of February 2026, there are 106 active listings in MARTINSVILLE, IN (zip code 46151), compared to 103 the prior year.

What is the median home price in MARTINSVILLE, IN 46151?

The median listing price in MARTINSVILLE, IN 46151 is $355,900 as of February 2026, a 23.5% increase from $288,254 the prior year.

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

Homes in MARTINSVILLE, IN 46151 spend an average of 88 days on the market before going under contract, compared to 73 days the prior year.

Is it a seller's or buyer's market in MARTINSVILLE, IN 46151?

Based on current inventory and days-on-market data as of February 2026, MARTINSVILLE, IN 46151 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 88 days on market compared to 73 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MARTINSVILLE, IN 46151 save an estimated $7,118 compared to a typical 5% commission on the median listing price of $355,900. 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.