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Martinsville, VA 24112 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Martinsville, VA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.11
ActiveActive listings: 4646PendingPending sales: 55
Martinsville, VA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $145k$145kSoldMedian sold price (last 6 months): $140k$140k
What homes actually sell for in Martinsville, VA
Distribution of 215 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $59k to $222k
$20k to $72k: 56 sales56sales$20k$72k to $125k: 25 sales$125k to $177k: 44 sales$125k$177k to $230k: 36 sales$230k to $282k: 10 sales$230k$282k to $335k: 13 sales$335k to $387k: 9 sales$335k$387k to $440k: 3 salesMedian $140k

What the numbers say

As of September 14, 2026, Resideline is tracking 46 active listings and 5 pending sales in ZIP code 24112. That pending-to-active ratio of 0.11 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $144,950, while the median of the 215 closed sales Resideline tracked over the last six months was $140,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 24112 for 65 days.

Frequently asked questions

What is the median home price in 24112?

The median closed sale price in Martinsville, VA 24112 was $140,000 over the last six months, based on 215 closed sales tracked by Resideline. The middle half of those sales ranged from $59,000 to $221,840.

Is 24112 a buyer's or seller's market?

Resideline is currently tracking 5 pending sales against 46 active listings in 24112, a pending-to-active ratio of 0.11. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 24112 currently looks like a balanced market.

Nearby ZIP code market data

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