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Martinsville, VA 24112 Housing Market

Data snapshot: October 5, 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: 4747PendingPending 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): $225k$225kSoldMedian sold price (last 6 months): $145k$145k
What homes actually sell for in Martinsville, VA
Distribution of 218 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $62k to $225k
$20k to $72k: 54 sales54sales$20k$72k to $125k: 30 sales$125k to $177k: 44 sales$125k$177k to $230k: 34 sales$230k to $282k: 11 sales$230k$282k to $335k: 14 sales$335k to $387k: 9 sales$335k$387k to $440k: 3 salesMedian $145k

What the numbers say

As of October 5, 2026, Resideline is tracking 47 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 $224,900, while the median of the 218 closed sales Resideline tracked over the last six months was $144,694. 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 79 days.

Frequently asked questions

What is the median home price in 24112?

The median closed sale price in Martinsville, VA 24112 was $144,694 over the last six months, based on 218 closed sales tracked by Resideline. The middle half of those sales ranged from $62,200 to $225,000.

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

Resideline is currently tracking 5 pending sales against 47 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

Full Martinsville, VA housing market report →

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