Is Martinsville, VA a buyer's market or a seller's market?
Martinsville, VA is a balanced market right now. There are 224 homes for sale, and at the current pace of sales it would take about 4.5 months to sell all of them.
The rule of thumb agents use: under three months of homes for sale favors sellers, over five months favors buyers, and in between is a fair fight. Martinsville, VA sits at 4.5.
Buyers and sellers are about evenly matched right now. The typical home took 49 days to go under contract, and 26% of sales closed above the asking price.
The number of homes for sale is 20% higher than a year ago. More choice for buyers means more competition between sellers.
Source: Redfin's published market data for the Martinsville, VA area, through May 2026.
Are you the agent for Martinsville, VA?
We build this page's numbers into a one-page report with your name, brokerage and phone on it, for up to three areas you work — emailed to you fresh every month. Forward it to clients. $49 a month, cancel anytime.
See a real sample report first — no email needed.
More about the Martinsville, VA market
- When is the best month to sell a house in Martinsville, VA?
- How long does it take to sell a house in Martinsville, VA?
- Do homes sell above asking price in Martinsville, VA?
- Are home prices going up or down in Martinsville, VA?
- How many homes are for sale in Martinsville, VA?
- All Martinsville, VA housing numbers
Other markets
- Is Virginia Beach, VA a buyer's market or a seller's market?
- Is Richmond, VA a buyer's market or a seller's market?
- Is Roanoke, VA a buyer's market or a seller's market?
- Is Charlottesville, VA a buyer's market or a seller's market?
- Is Lynchburg, VA a buyer's market or a seller's market?
- Is Winchester, VA a buyer's market or a seller's market?
- Is Blacksburg, VA a buyer's market or a seller's market?
- Is Staunton, VA a buyer's market or a seller's market?
Figures come from Redfin's published market data for the Martinsville, VA area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.