Martinsville is currently tilted toward sellers, with the market gauge firmly in seller’s market territory. Only one active listing shows that options are limited for buyers right now. With one pending sale and no homes reportedly going under contract in two weeks, activity appears concentrated in just a few properties.
Looking at this rolling three-month view, inventory has tightened sharply compared with a year ago, with active listings down about half. The drop from four active listings in mid-2024 to just one by July 2026 suggests significantly less choice for buyers and more leverage for sellers. At the same time, months of supply hovered around three months in early 2026, down from more than nine months in mid-2024, highlighting how the balance has shifted away from a slower market.
Prices have moved around over the past few years, with median sale prices ranging from about $42,000 in early 2023 to around $225,000 at the end of 2024, and more recent sales near the mid-$170,000s. Days on market have also swung from as low as two weeks to many months, and the share of homes selling above list has shifted from none to all in recent periods, underscoring how quickly conditions can change in a small market. Whether you are trying to buy in a low-inventory environment or sell while conditions favor you, Agent Pronto can connect you with a Martinsville agent who understands these shifts and can guide you through them.
