Why Live in Martinsville
Martinsville, located in southwest Virginia, is a small city known for its blend of urban amenities and rural beauty. The city has a rich history in manufacturing but is now recognized for its growing population, new local businesses, and increasing housing market. Martinsville is home to the Virginia Museum of Natural History, which features award-winning exhibits and educational programs, making it a significant attraction for tourists and locals alike. The Martinsville Speedway hosts NASCAR weekends, and the city celebrates various festivals such as the Rooster Walk music and arts festival and Smith River Fest. Outdoor activities are abundant, with public parks, trails, and the nearby Smith River offering canoeing, kayaking, and fishing. Philpott Lake, located about 20 miles northwest, provides additional outdoor experiences with its expansive wilderness. Martinsville's Uptown district, undergoing revitalization, features brewpubs, cafes, and restaurants, while major shopping centers on Commonwealth Boulevard house national brands like Kroger and Walmart. The city has a strong public education system and offers various community events at the Martinsville Branch Library. Housing options range from affordable manufactured homes and fixer-uppers to larger estates near Lake Lanier. Martinsville is approximately 55 miles from Greensboro, North Carolina, and is accessible via Routes 220 and 58. While crime rates fluctuate around the national average, the city occasionally experiences flooding due to heavy rainfall.
Home Trends in Martinsville, VA
On average, homes in Martinsville, VA sell after 90 days on the market compared to the national average of 70 days. The median sale price for homes in Martinsville, VA over the last 12 months is $150,500, down 19% from the median home sale price over the previous 12 months.
Median Sale Price
$150,500
Median Single Family Sale Price
$147,500
Average Price Per Sq Ft
$98
Number of Homes for Sale
23
Last 12 months Home Sales
356
Median List Price
$170,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-19%
