Martinsville, IN Home Values & Market Trends
Real estate market trends reflect that there have been 726 transactions over the past year in Martinsville. The median value for residential home transactions that occurred over the previous year is $268,430.01. The number of current listings in Martinsville is 10, and the percentage of properties for sale in the city is 10.00%. Martinsville, IN currently has 46 properties in foreclosure, 5 bank owned properties, 14 properties headed for auction, and 10 properties for sale.
Martinsville, IN Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 46151 | $ 303,125 $ 147/sqft |
Housing Market Summary for Martinsville, IN
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $482K | $263.5K | -45.34% |
| Median Sold Price | $234.2K | $263.5K | 12.50% |
| Homes For Sale | 26 | 13 | -50.00% |
| Homes Sold | 243 | 254 | 4.53% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Martinsville, IN
Browse Homes in Martinsville, IN
Martinsville home values range from $21,420 to $16,973,328. The median estimated value of a home in Martinsville is $268,430.01. The median list price of a home is 282,500, and the total count of properties in the city is 10,949.
- Pre-ForeclosurePre-foreclosure homes account for 0.25% of all residential properties in Martinsville, IN with 46151 containing 27 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Martinsville, IN; of that zips, the estimated home value for pre-foreclosure homes ranges from $587,417 in 46151 to the lowest home value of $129,500 in 46151.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Martinsville, IN ranges from the highest value of $201,854 in 46151 to the lowest value of $76,144 in 46151. Bank owned homes and properties account for 0.05% of properties in Martinsville, IN. There is 1 zips within Martinsville, IN; 46151 containing 5 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions46151 has 14 auction properties, the highest number of properties going to auction in a single zip in the state of Martinsville, IN. Auction homes and other auction properties account for 0.13% of all properties in Martinsville, IN. There is 1 zips within Martinsville, IN; of that zips, the median estimated home value for homes going to auction ranges from $504,898 in 46151 to the lowest value of $153,390 in 46151.
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Guide for Martinsville, IN
The real estate market in Indianapolis, Indiana has shown growth in property values from March 2023 to January 2024, despite a minor dip in properties sold.
The Fort Wayne, Indiana real estate market showed impressive growth trends in 2023, with property values and prices per square foot showing an upward trajectory, suggesting potential for continued growth.
Learn how a short sale can stop the foreclosure process.
Learn effective strategies to safeguard your credit score after experiencing a foreclosure.
