Real Estate Market Update for Martinsville, IN
Welcome to January's Market Update. Lets take a look at residential real-estate activity in your area during the month of December. The number of active listings was down 40% from one year earlier, and down 17% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 230-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 48%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 150-thousand dollars. The number of units sold decreased 6% year-over-year, and decreased 17% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Martinsville, IN
Area Information for Martinsville, IN
  • Population: 11,463
  • Median Age: 37.9 yr
  • Median Commute Time: 24 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 2,550/sq mi
  • Population Change Since 2000: -3.82%
  • Closest Airport: Indianapolis International
  • Closest College: Indiana University-bloomington
  • Closest Jr. College: Ivy Tech Community College-bloomington
  • Median Household Income: $38,303
  • Annual Residential Turnover: 23%
  • Median Home Sales Price: $99,585
  • Closest Major Sports Team: Indianapolis Colts
  • Change Avg. Household Income Since 2000: 10.24%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Martinsville, IN
Median Age: 37.9 Married: 39% Number of Households: 4,457 Households with Children: 1,202
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Martinsville, IN

      School Name Distance Type Grades School Rating Parent Rating
      Footsteps Montessori 2.8 mi Private PRESCHOOL-K 0 0
      Martinsville West Middle School 3.3 mi Public 7-8 2 0
      Charles L Smith Elementary School 3.5 mi Public PRESCHOOL-4 2 0
      Ronald K Bell East Middle School 3.6 mi Public 6-8 4 4
      Poston Road Elementary School 3.7 mi Public K-4 2 0
      Prince Of Peace Lutheran School 3.8 mi Private PRESCHOOL-PRESCHOOL 0 0
      Martinsville High School 3.9 mi Public 9-12 2 3
      Tabernacle Christian Schools 4.0 mi Private PRESCHOOL-12 0 0
      South Elementary School 4.4 mi Public K-4 2 0
      Centerton Elementary School 5.1 mi Public K-5 4 0
      Green Township Elementary School 7.8 mi Public K-5 4 0
      Waverly Elementary School 11.9 mi Public K-6 4 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for Martinsville, IN
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.