Martinsville, VA 24112 Real Estate Market Report

ZIP Code: 24112
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

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Key Findings

1. The primary market indicator is the median sold price 153,500, which represents recent transaction value and should be prioritized over asking prices when setting expectations for offers.

2. Liquidity is weak: the median days on market 464 suggests slower sales velocity and elevated time-to-contract, which may indicate pricing friction or limited buyer urgency in the current cycle. cold

3. There is a meaningful seller expectation gap: the median listing price 219,950 sits well above the median sold price 153,500, which appears to signal soft negotiation leverage for buyers and suggests sellers may need to adjust pricing to match transaction reality.

4. Macro and rental signals: year-over-year pricing is up while rent trends are down, and interest rate pressure is moderate; together these point to price resilience for sellers in nominal terms but weakening rental demand and cautious borrowing conditions—strategies should emphasize price realism and targeted concessions. up down moderate

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.