Market Intelligence Report — VA-300

Martinsville, VA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-VA-08
As of the latest 2026 data
Cooling

Median Listing

$220K
-6.5% YoY

Pending Ratio

0.35
-11.2% YoY

Active Inventory

195
+16.8% YoY

Median DOM

73 Days
+32.7% YoY

Primary Intelligence Tool — Sold Score™

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The Martinsville housing market is currently exhibiting cooling conditions, evidenced by a pending ratio of 0.35, indicating that demand absorption is moderate relative to available inventory. This market dynamic is further underscored by a 6.5% year-over-year decline in the median listing price.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Martinsville market right now.

Active listings have seen a substantial year-over-year increase of 16.8%, contributing to the expanded inventory. Concurrently, new listings have contracted by 11.8% over the past year. The pending ratio has decreased by 11.2% year-over-year, reflecting a deceleration in demand relative to supply. Median days on market have extended significantly, rising by 32.7% over the past year, while the median listing price has declined by 6.5% year-over-year.

Historical Analysis

Market Trends

Median Price

$220K+0.0% MoM

Active Inventory

195+16.8% YoY

Days on Market

73+32.7% YoY

Sold Score™

38-11.2% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

38
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

Current market conditions suggest a more measured pace for transactions. The expansion of active listings and the deceleration in the pending ratio mean that properties are remaining on the market longer. This allows for greater negotiation on pricing and terms, with less pressure for rapid commitments.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

195 active listings represent the current floor, with new supply arriving at roughly 60 per month.

Pricing Pressure
21.3%

of active listings carry a price reduction, +1.7% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -6.0% year-over-year.

Absorption
0.35

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Martinsville, VA? Homes here are taking 18 days longer to sell than last year.

Buyers have leverage in Martinsville, VA. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
35%
Median Days on Market
73 days
Inventory YoY
+17%

In a buyer's market, strategy beats timing. See how your home scores in Martinsville, VA and what moves the number.

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Metro Demographics

Metro Area
Martinsville, VA
CBSA Code
32300
State
VA