Martinsville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Martinsville averaged
6.24%
for the week of 2024-10-03, compared to the national average of
6.12% for the same period.
The average rate for the prior week (2024-09-26) was
6.4% and
one month ago for the week of 2024-08-29, the
average rate was 6.37%.
Martinsville's average rate one year ago was 7.43%.
For refis of the same type during the week of 2024-10-03, the average rate
was 6.52%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-03 | 6.12% |
Martinsville 30 Year Fixed Rate | 2024-10-03 | 6.24% |
Martinsville 30 Year Fixed Rate Refi | 2024-10-03 | 6.52% |
Martinsville 15 Year Fixed Rate | 2024-10-03 | 5.45% |
Martinsville 15 Year Fixed Rate Refi | 2024-10-03 | 5.45% |
Martinsville 30 Year FHA | 2024-10-03 | 5.81% |
Martinsville 30 Year FHA Refi | 2024-10-03 | 6.09% |
Martinsville 30 Year USDA | 2024-10-03 | 5.93% |
Martinsville 30 Year USDA Refi | 2024-10-03 | 6.07% |
Martinsville 30 Year VA | 2024-10-03 | 5.8% |
Martinsville 30 Year VA Refi | 2024-10-03 | 5.6% |
Martinsville Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Martinsville, VA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Martinsville Average Closing Costs & Other Stats
Martinsville, VA's 61 lenders originated 871
loans during 2023. The total origination value was $120,985,000, with an average loan value of
$138,904.
Martinsville's average closing costs are $4,674.
The top Martinsville lender as defined by loan originations is QUICKEN LOANS, LLC, with
36 loans originated. Their average total fees are
$5,318, which is $2,749
higher than the next largest lender,
Alcova Mortgage LLC.
The lowest fee Martinsville lenders (with over 10 loans originated) are
Alcova Mortgage LLC ($2,569), The Fidelity Bank ($4,697), QUICKEN LOANS, LLC ($5,318), Blue Ridge Bank ($5,683) and .
The lowest rate Martinsville lenders (with over 10 loans originated) are
Alcova Mortgage LLC (6.87%), Blue Ridge Bank (6.90%), The Fidelity Bank (6.96%), QUICKEN LOANS, LLC (7.14%) and .
Martinsville, VA Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
Alcova Mortgage LLC | $14,720,000 | $16,750,000 | 13.8% | 13.8% |
QUICKEN LOANS, LLC | $13,875,000 | $12,085,000 | -12.9% | 10.0% |
American National Bank and Trust Company | $11,670,000 | $10,865,000 | -6.9% | 9.0% |
Blue Ridge Bank | $11,465,000 | $9,085,000 | -20.8% | 7.5% |
Mortgage Research Center, LLC | $4,930,000 | $5,115,000 | 3.8% | 4.2% |
ValleyStar Credit Union | $14,420,000 | $5,090,000 | -64.7% | 4.2% |
The Fidelity Bank | $7,790,000 | $4,840,000 | -37.9% | 4.0% |
FIRST BANCORP | $535,000 | $3,010,000 | 462.6% | 2.5% |
ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $2,625,000 | $2,790,000 | 6.3% | 2.3% |
Truist | $4,520,000 | $2,720,000 | -39.8% | 2.2% |
UNITED WHOLESALE MORTGAGE, LLC | $870,000 | $2,550,000 | 193.1% | 2.1% |
Atlantic Coast Mortgage, LLC | $200,000 | $1,820,000 | 810.0% | 1.5% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $1,435,000 | $1,705,000 | 18.8% | 1.4% |
Wells Fargo Bank | $3,420,000 | $1,615,000 | -52.8% | 1.3% |
First Horizon Bank | $750,000 | $1,610,000 | 114.7% | 1.3% |
Skyline National Bank | $320,000 | $1,465,000 | 357.8% | 1.2% |
MOVEMENT MORTGAGE, LLC | $2,620,000 | $1,285,000 | -51.0% | 1.1% |
NEW DAY FINANCIAL, LLC | $785,000 | $1,225,000 | 56.1% | 1.0% |
USAA Federal Savings Bank | $485,000 | $1,105,000 | 127.8% | 0.9% |
Presidential Bank, FSB | $1,030,000 | n/a | 0.9% | |
NAVY FEDERAL CREDIT UNION | $2,510,000 | $970,000 | -61.4% | 0.8% |
First Community Bank | $275,000 | $890,000 | 223.6% | 0.7% |
UNION HOME MORTGAGE CORP. | $105,000 | $850,000 | 709.5% | 0.7% |
21ST MORTGAGE CORPORATION | $205,000 | $775,000 | 278.0% | 0.6% |
First National Bank of Pennsylvania | $765,000 | n/a | 0.6% | |
LIMA ONE CAPITAL, LLC | $765,000 | n/a | 0.6% | |
Carter Bank & Trust | $1,935,000 | $755,000 | -61.0% | 0.6% |
Carrington Mortgage Services, LLC | $605,000 | $750,000 | 24.0% | 0.6% |
CARDINAL FINANCIAL | $750,000 | $705,000 | -6.0% | 0.6% |
STATE EMPLOYEES' | $1,235,000 | $705,000 | -42.9% | 0.6% |
Citizens Bank | $625,000 | $625,000 | 0.0% | 0.5% |
PENNYMAC LOAN SERVICES, LLC | $1,680,000 | $625,000 | -62.8% | 0.5% |
CROSSCOUNTRY MORTGAGE, LLC | $205,000 | $595,000 | 190.2% | 0.5% |
Paramount Residential Mortgage Group, Inc. | $575,000 | $585,000 | 1.7% | 0.5% |
BROKER SOLUTIONS, INC. | $1,590,000 | $560,000 | -64.8% | 0.5% |
Waterstone Mortgage Corporation | $135,000 | $545,000 | 303.7% | 0.5% |
FREEDOM MORTGAGE CORPORATION | $930,000 | $540,000 | -41.9% | 0.4% |
Truliant Federal Credit Union | $1,075,000 | $525,000 | -51.2% | 0.4% |
HOMEXPRESS MORTGAGE CORP. | $515,000 | n/a | 0.4% | |
Plains Commerce Bank | $510,000 | n/a | 0.4% | |
PNC Bank | $15,000 | $510,000 | 3,300.0% | 0.4% |
Atlantic Union Bank | $350,000 | $485,000 | 38.6% | 0.4% |
Bank of Botetourt | $145,000 | $480,000 | 231.0% | 0.4% |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $475,000 | n/a | 0.4% | |
SUN WEST MORTGAGE COMPANY, INC. | $430,000 | n/a | 0.4% | |
MEMBER ONE | $655,000 | $420,000 | -35.9% | 0.3% |
SWBC MORTGAGE CORPORATION | $155,000 | $420,000 | 171.0% | 0.3% |
LOANPAL, LLC | $405,000 | n/a | 0.3% | |
Renasant Bank | $115,000 | $385,000 | 234.8% | 0.3% |
C & F Mortgage Corporation | $370,000 | n/a | 0.3% | |
LOANDEPOT.COM, LLC | $1,025,000 | $355,000 | -65.4% | 0.3% |
AMERISAVE MORTGAGE CORPORATION | $845,000 | $335,000 | -60.4% | 0.3% |
CALCON MUTUAL MORTGAGE LLC | $320,000 | n/a | 0.3% | |
AMERICAN FINANCIAL NETWORK, INC. | $300,000 | n/a | 0.2% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $260,000 | $300,000 | 15.4% | 0.2% |
PENTAGON FEDERAL CREDIT UNION | $385,000 | $300,000 | -22.1% | 0.2% |
HOMESIDE FINANCIAL, LLC | $105,000 | $295,000 | 181.0% | 0.2% |
MUTUAL OF OMAHA MORTGAGE, INC. | $105,000 | $295,000 | 181.0% | 0.2% |
CNB Bank | $950,000 | $285,000 | -70.0% | 0.2% |
FAY SERVICING, LLC | $75,000 | $275,000 | 266.7% | 0.2% |
ALLEGACY FEDERAL CREDIT UNION | $265,000 | n/a | 0.2% | |
Prosperity Home Mortgage, LLC | $540,000 | $265,000 | -50.9% | 0.2% |
Northpointe Bank | $115,000 | $260,000 | 126.1% | 0.2% |
Lakeview Community Capital, LLC | $255,000 | n/a | 0.2% | |
BLUE EAGLE CREDIT UNION | $210,000 | $250,000 | 19.0% | 0.2% |
FREEDOM FIRST | $2,560,000 | $245,000 | -90.4% | 0.2% |
ARC HOME LLC | $345,000 | $225,000 | -34.8% | 0.2% |
CONTOUR MORTGAGE CORPORATION | $225,000 | n/a | 0.2% | |
U.S. Bank | $125,000 | $225,000 | 80.0% | 0.2% |
Deere Employees Credit Union | $220,000 | n/a | 0.2% | |
CLEARPATH LENDING | $215,000 | n/a | 0.2% | |
SIRVA MORTGAGE, INC. | $215,000 | n/a | 0.2% | |
Virginia Credit Union, Inc. | $415,000 | $210,000 | -49.4% | 0.2% |
Discover Bank | $55,000 | $205,000 | 272.7% | 0.2% |
FIRST SAVINGS MORTGAGE CORPORATION | $205,000 | n/a | 0.2% | |
Ixonia Bank | $195,000 | n/a | 0.2% | |
LAKEVIEW LOAN SERVICING, LLC | $325,000 | $195,000 | -40.0% | 0.2% |
NATION ONE MORTGAGE CORPORATION | $105,000 | $195,000 | 85.7% | 0.2% |
EASTMAN | $770,000 | $190,000 | -75.3% | 0.2% |
EMM LOANS LLC | $185,000 | n/a | 0.2% | |
Towne First Mortgage, LLC | $260,000 | $185,000 | -28.8% | 0.2% |
Flagstar Bank, FSB | $455,000 | $180,000 | -60.4% | 0.1% |
Apple Federal Credit Union | $175,000 | n/a | 0.1% | |
BETTER MORTGAGE CORPORATION | $945,000 | $175,000 | -81.5% | 0.1% |
HomeTrust Bank | $345,000 | $175,000 | -49.3% | 0.1% |
Pinnacle Bank | $785,000 | $165,000 | -79.0% | 0.1% |
NEWREZ LLC | $595,000 | $155,000 | -73.9% | 0.1% |
VELOCITY COMMERCIAL CAPITAL, LLC | $155,000 | n/a | 0.1% | |
LOCAL GOVERNMENT FEDERAL CREDIT UNION | $410,000 | $150,000 | -63.4% | 0.1% |
ROYAL UNITED MORTGAGE LLC | $540,000 | $150,000 | -72.2% | 0.1% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $415,000 | $145,000 | -65.1% | 0.1% |
GUILD MORTGAGE COMPANY | $105,000 | $145,000 | 38.1% | 0.1% |
Hometown Equity Mortgage, LLC | $145,000 | n/a | 0.1% | |
CREDIT UNION MORTGAGE ASSOCIATION, INC. | $125,000 | $140,000 | 12.0% | 0.1% |
ZILLOW HOME LOANS, LLC | $410,000 | $140,000 | -65.9% | 0.1% |
Bank of America | $910,000 | $135,000 | -85.2% | 0.1% |
Figure Lending LLC | $105,000 | $125,000 | 19.0% | 0.1% |
FIRST COMMUNITY MORTGAGE, INC. | $125,000 | n/a | 0.1% | |
Mr. Cooper ( Nationstar Mortgage ) | $1,270,000 | $125,000 | -90.2% | 0.1% |
RELIANCE FIRST CAPITAL, LLC | $55,000 | $125,000 | 127.3% | 0.1% |
First-Citizens Bank & Trust Company | $600,000 | $115,000 | -80.8% | 0.1% |
First Heritage Mortgage, LLC | $485,000 | $115,000 | -76.3% | 0.1% |
LANGLEY | $245,000 | $115,000 | -53.1% | 0.1% |
Bank of England | $405,000 | $105,000 | -74.1% | 0.1% |
Morgan Stanley Private Bank | $105,000 | n/a | 0.1% | |
TOWNE MORTGAGE COMPANY | $115,000 | $105,000 | -8.7% | 0.1% |
Signature Federal Credit Union | $85,000 | n/a | 0.1% | |
Barrington Bank & Trust Company, N.A. | $115,000 | $75,000 | -34.8% | 0.1% |
GREENSTATE CREDIT UNION | $75,000 | n/a | 0.1% | |
PIEDMONT ADVANTAGE CREDIT UNION | $75,000 | n/a | 0.1% | |
Third Federal Savings and Loan Association of Cleveland | $70,000 | n/a | 0.1% | |
EVERENCE FEDERAL CREDIT UNION | $190,000 | $65,000 | -65.8% | 0.1% |
PHH Mortgage Corporation | $65,000 | n/a | 0.1% | |
SPRING EQ, LLC | $90,000 | $35,000 | -61.1% | 0.0% |
Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% | |
CORPORATE AMERICA FAMILY | $15,000 | n/a | 0.0% |
Martinsville's top lender by overall market share is Alcova Mortgage LLC, with 13.8% market share. In second place, with 10.0%, is QUICKEN LOANS, LLC, having originated $12,085,000 in loans. In third place, with 9.0%, is American National Bank and Trust Company, having originated $10,865,000 in loans. In fourth place, with 7.5%, is Blue Ridge Bank, having originated $9,085,000 in loans. In fifth place, with 4.2%, is Mortgage Research Center, LLC, having originated $5,115,000 in loans.
Martinsville Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Martinsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $99,900 (6.7%) | $147,002 (6.2%) | 0.00 | 356 |
2018-02-01 | $107,400 (14.4%) | $148,268 (7.1%) | 0.00 | 349 |
2018-03-01 | $114,900 (21.3%) | $154,349 (11.4%) | 0.00 | 343 |
2018-04-01 | $110,000 (15.9%) | $159,645 (14.3%) | 0.00 | 341 |
2018-05-01 | $109,925 (15.8%) | $157,852 (9.5%) | 0.00 | 367 |
2018-06-01 | $109,900 (10.3%) | $154,573 (5.9%) | 0.00 | 373 |
2018-07-01 | $109,925 (6.4%) | $158,293 (9.7%) | 0.00 | 365 |
2018-08-01 | $113,759 (14.0%) | $160,618 (17.1%) | 0.00 | 361 |
2018-09-01 | $110,000 (6.4%) | $159,099 (13.5%) | 0.00 | 349 |
2018-10-01 | $109,950 (10.1%) | $162,009 (13.8%) | 0.00 | 341 |
2018-11-01 | $99,925 (-1.1%) | $152,862 (5.4%) | 0.00 | 325 |
2018-12-01 | $99,900 (0.0%) | $152,579 (5.7%) | 0.00 | 317 |
2019-01-01 | $99,900 (0.0%) | $150,370 (2.3%) | 0.00 | 272 |
2019-02-01 | $99,900 (-7.0%) | $151,892 (2.4%) | 0.00 | 290 |
2019-03-01 | $99,900 (-13.1%) | $151,463 (-1.9%) | 0.00 | 303 |
2019-04-01 | $99,900 (-9.2%) | $151,918 (-4.8%) | 0.00 | 302 |
2019-05-01 | $100,925 (-8.2%) | $150,827 (-4.5%) | 0.00 | 299 |
2019-06-01 | $109,950 (0.1%) | $153,430 (-0.7%) | 0.00 | 294 |
2019-07-01 | $109,950 (0.0%) | $162,068 (2.4%) | 0.00 | 281 |
2019-08-01 | $107,173 (-5.8%) | $160,191 (-0.3%) | 0.00 | 271 |
2019-09-01 | $103,082 (-6.3%) | $157,474 (-1.0%) | 0.00 | 253 |
2019-10-01 | $99,900 (-9.1%) | $157,462 (-2.8%) | 0.00 | 239 |
2019-11-01 | $109,900 (10.0%) | $161,009 (5.3%) | 0.00 | 229 |
2019-12-01 | $104,450 (4.6%) | $159,842 (4.8%) | 0.00 | 221 |
2020-01-01 | $109,925 (10.0%) | $159,196 (5.9%) | 0.00 | 206 |
2020-02-01 | $109,900 (10.0%) | $154,466 (1.7%) | 0.00 | 207 |
2020-03-01 | $106,450 (6.6%) | $158,387 (4.6%) | 0.00 | 209 |
2020-04-01 | $106,598 (6.7%) | $161,366 (6.2%) | 0.00 | 207 |
2020-05-01 | $99,900 (-1.0%) | $162,281 (7.6%) | 0.00 | 197 |
2020-06-01 | $111,385 (1.3%) | $184,169 (20.0%) | 0.00 | 174 |
2020-07-01 | $124,000 (12.8%) | $199,996 (23.4%) | 0.00 | 148 |
2020-08-01 | $129,900 (21.2%) | $224,651 (40.2%) | 0.00 | 137 |
2020-09-01 | $136,150 (32.1%) | $236,473 (50.2%) | 0.00 | 130 |
2020-10-01 | $124,900 (25.0%) | $232,396 (47.6%) | 0.00 | 122 |
2020-11-01 | $119,950 (9.1%) | $222,769 (38.4%) | 0.00 | 123 |
2020-12-01 | $123,175 (17.9%) | $229,075 (43.3%) | 0.00 | 116 |
2021-01-01 | $127,400 (15.9%) | $243,201 (52.8%) | 0.00 | 97 |
2021-02-01 | $116,175 (5.7%) | $266,982 (72.8%) | 0.00 | 71 |
2021-03-01 | $134,900 (26.7%) | $247,938 (56.5%) | 0.00 | 62 |
2021-04-01 | $129,900 (21.9%) | $232,854 (44.3%) | 0.00 | 75 |
2021-05-01 | $129,950 (30.1%) | $250,252 (54.2%) | 0.00 | 76 |
2021-06-01 | $149,225 (34.0%) | $256,631 (39.4%) | 0.00 | 90 |
2021-07-01 | $149,000 (20.2%) | $280,616 (40.3%) | 0.00 | 92 |
2021-08-01 | $129,900 (0.0%) | $286,888 (27.7%) | 0.00 | 103 |
2021-09-01 | $139,450 (2.4%) | $315,819 (33.6%) | 0.00 | 100 |
2021-10-01 | $137,400 (10.0%) | $323,495 (39.2%) | 0.00 | 86 |
2021-11-01 | $149,900 (25.0%) | $341,768 (53.4%) | 0.00 | 82 |
2021-12-01 | $159,900 (29.8%) | $346,906 (51.4%) | 0.00 | 77 |
2022-01-01 | $191,500 (50.3%) | $363,253 (49.4%) | 0.00 | 59 |
2022-02-01 | $208,500 (79.5%) | $384,338 (44.0%) | 0.00 | 53 |
2022-03-01 | $175,000 (29.7%) | $344,833 (39.1%) | 0.00 | 55 |
2022-04-01 | $199,900 (53.9%) | $340,669 (46.3%) | 0.00 | 58 |
2022-05-01 | $199,900 (53.8%) | $302,323 (20.8%) | 0.00 | 80 |
2022-06-01 | $189,900 (27.3%) | $298,559 (16.3%) | 0.00 | 79 |
2022-07-01 | $199,900 (34.2%) | $309,981 (10.5%) | 0.00 | 83 |
2022-08-01 | $188,725 (45.3%) | $298,318 (4.0%) | 0.00 | 99 |
2022-09-01 | $187,425 (34.4%) | $301,607 (-4.5%) | 0.00 | 102 |
2022-10-01 | $185,000 (34.6%) | $305,118 (-5.7%) | 0.00 | 94 |
2022-11-01 | $159,725 (6.6%) | $297,320 (-13.0%) | 0.00 | 89 |
2022-12-01 | $154,000 (-3.7%) | $287,365 (-17.2%) | 0.00 | 94 |
2023-01-01 | $149,225 (-22.1%) | $301,682 (-17.0%) | 0.00 | 73 |
2023-02-01 | $144,250 (-30.8%) | $273,411 (-28.9%) | 0.00 | 82 |
2023-03-01 | $152,400 (-12.9%) | $266,710 (-22.7%) | 0.00 | 81 |
2023-04-01 | $159,450 (-20.2%) | $303,638 (-10.9%) | 0.00 | 85 |
2023-05-01 | $173,250 (-13.3%) | $317,009 (4.9%) | 0.00 | 81 |
2023-06-01 | $183,375 (-3.4%) | $365,999 (22.6%) | 0.00 | 77 |
2023-07-01 | $177,400 (-11.3%) | $364,704 (17.7%) | 0.00 | 77 |
2023-08-01 | $199,200 (5.6%) | $347,846 (16.6%) | 0.00 | 101 |
2023-09-01 | $189,000 (0.8%) | $336,253 (11.5%) | 0.00 | 104 |
2023-10-01 | $189,900 (2.7%) | $324,590 (6.4%) | 0.00 | 112 |
2023-11-01 | $192,163 (20.3%) | $331,214 (11.4%) | 0.00 | 111 |
2023-12-01 | $215,000 (39.6%) | $342,458 (19.2%) | 0.00 | 111 |
2024-01-01 | $197,963 (32.7%) | $338,546 (12.2%) | 0.00 | 103 |
2024-02-01 | $183,974 (27.5%) | $303,301 (10.9%) | 0.00 | 103 |
2024-03-01 | $184,900 (21.3%) | $294,216 (10.3%) | 0.00 | 102 |
2024-04-01 | $195,505 (22.6%) | $263,864 (-13.1%) | 0.00 | 98 |
2024-05-01 | $189,425 (9.3%) | $259,156 (-18.3%) | 0.00 | 107 |
2024-06-01 | $199,900 (9.0%) | $254,733 (-30.4%) | 0.00 | 112 |
2024-07-01 | $193,650 (9.2%) | $233,701 (-35.9%) | 0.00 | 126 |
2024-08-01 | $189,900 (-4.7%) | $223,982 (-35.6%) | 0.00 | 130 |
2024-09-01 | $193,425 (2.3%) | $240,399 (-28.5%) | 0.00 | 133 |
Martinsville's median listing price comes in at 0% of the national average.
Martinsville's average listing price for 2024-09-01 was $240,399, a difference of $-95,854 (-28.5%) versus the prior year and $16,417 versus the prior month.
For the 2024-09-01 period, Martinsville had 133 MLS listings, a difference of 3 listings (2%) versus the prior month and 29 listings (28%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Martinsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,710 sqft |
2018-02-01 | 0 days | 1,676 sqft |
2018-03-01 | 0 days | 1,729 sqft |
2018-04-01 | 0 days | 1,675 sqft |
2018-05-01 | 0 days | 1,634 sqft |
2018-06-01 | 0 days | 1,630 sqft |
2018-07-01 | 0 days | 1,729 sqft |
2018-08-01 | 0 days | 1,794 sqft |
2018-09-01 | 0 days | 1,780 sqft |
2018-10-01 | 0 days | 1,783 sqft |
2018-11-01 | 0 days | 1,680 sqft |
2018-12-01 | 0 days | 1,651 sqft |
2019-01-01 | 0 days | 1,634 sqft |
2019-02-01 | 0 days | 1,650 sqft |
2019-03-01 | 0 days | 1,630 sqft |
2019-04-01 | 0 days | 1,620 sqft |
2019-05-01 | 0 days | 1,622 sqft |
2019-06-01 | 0 days | 1,650 sqft |
2019-07-01 | 0 days | 1,647 sqft |
2019-08-01 | 0 days | 1,632 sqft |
2019-09-01 | 0 days | 1,634 sqft |
2019-10-01 | 0 days | 1,635 sqft |
2019-11-01 | 0 days | 1,713 sqft |
2019-12-01 | 0 days | 1,705 sqft |
2020-01-01 | 0 days | 1,711 sqft |
2020-02-01 | 0 days | 1,732 sqft |
2020-03-01 | 0 days | 1,725 sqft |
2020-04-01 | 0 days | 1,724 sqft |
2020-05-01 | 0 days | 1,650 sqft |
2020-06-01 | 0 days | 1,703 sqft |
2020-07-01 | 0 days | 1,795 sqft |
2020-08-01 | 0 days | 1,723 sqft |
2020-09-01 | 0 days | 1,731 sqft |
2020-10-01 | 0 days | 1,550 sqft |
2020-11-01 | 0 days | 1,453 sqft |
2020-12-01 | 0 days | 1,416 sqft |
2021-01-01 | 0 days | 1,499 sqft |
2021-02-01 | 0 days | 1,446 sqft |
2021-03-01 | 0 days | 1,580 sqft |
2021-04-01 | 0 days | 1,420 sqft |
2021-05-01 | 0 days | 1,523 sqft |
2021-06-01 | 0 days | 1,597 sqft |
2021-07-01 | 0 days | 1,524 sqft |
2021-08-01 | 0 days | 1,538 sqft |
2021-09-01 | 0 days | 1,464 sqft |
2021-10-01 | 0 days | 1,376 sqft |
2021-11-01 | 0 days | 1,583 sqft |
2021-12-01 | 0 days | 1,647 sqft |
2022-01-01 | 0 days | 1,833 sqft |
2022-02-01 | 0 days | 1,668 sqft |
2022-03-01 | 0 days | 1,589 sqft |
2022-04-01 | 0 days | 1,680 sqft |
2022-05-01 | 0 days | 1,685 sqft |
2022-06-01 | 0 days | 1,646 sqft |
2022-07-01 | 0 days | 1,776 sqft |
2022-08-01 | 0 days | 1,722 sqft |
2022-09-01 | 0 days | 1,726 sqft |
2022-10-01 | 0 days | 1,769 sqft |
2022-11-01 | 0 days | 1,568 sqft |
2022-12-01 | 0 days | 1,354 sqft |
2023-01-01 | 0 days | 1,379 sqft |
2023-02-01 | 0 days | 1,383 sqft |
2023-03-01 | 0 days | 1,476 sqft |
2023-04-01 | 0 days | 1,512 sqft |
2023-05-01 | 0 days | 1,733 sqft |
2023-06-01 | 0 days | 1,846 sqft |
2023-07-01 | 0 days | 1,644 sqft |
2023-08-01 | 0 days | 1,698 sqft |
2023-09-01 | 0 days | 1,621 sqft |
2023-10-01 | 0 days | 1,635 sqft |
2023-11-01 | 0 days | 1,737 sqft |
2023-12-01 | 0 days | 1,719 sqft |
2024-01-01 | 0 days | 1,683 sqft |
2024-02-01 | 0 days | 1,647 sqft |
2024-03-01 | 0 days | 1,659 sqft |
2024-04-01 | 0 days | 1,583 sqft |
2024-05-01 | 0 days | 1,575 sqft |
2024-06-01 | 0 days | 1,573 sqft |
2024-07-01 | 0 days | 1,567 sqft |
2024-08-01 | 0 days | 1,440 sqft |
2024-09-01 | 0 days | 1,612 sqft |
Martinsville's median square footage for active listings during the 2024-09-01 period was 1,612 sqft. One year prior, the average listing was 1,621 sqft.
Martinsville, VA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 475 | $80,005,000 | $168,432 |
Cash Out Refi | 113 | $16,065,000 | $142,168 |
Other | 109 | $6,915,000 | $63,440 |
Refi | 89 | $10,155,000 | $114,101 |
Home Improvement | 85 | $7,845,000 | $92,294 |
Martinsville's most frequently cited loan purpose was Home Purchase, with 475 originations. The 2nd most popular reason was Cash Out Refi, with 113 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 320 | $47,810,000 | $149,406 |
7-8% | 280 | $38,840,000 | $138,714 |
Over 8% | 148 | $15,970,000 | $107,905 |
5-6% | 90 | $13,630,000 | $151,444 |
4-5% | 20 | $2,300,000 | $115,000 |
<2.5% | 2 | $140,000 | $70,000 |
3-4% | 2 | $240,000 | $120,000 |
2.5-3% | 2 | $110,000 | $55,000 |
During 2023, Martinsville's most frequently originated rate bucket was 6-7%, with 320 originations.
Loan Sizing (Martinsville, VA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 380 | $22,230,000 | $58,500 |
$100k-200k | 340 | $48,770,000 | $143,441 |
$200k-400k | 124 | $32,370,000 | $261,048 |
$400k-600k | 17 | $8,135,000 | $478,529 |
$600k-1000k | 8 | $6,030,000 | $753,750 |
$Over $1MM | 2 | $3,450,000 | $1,725,000 |
Martinsville's loan sizing saw the bucket of loans from $100,000 or less with 380 originations, totaling $22,230,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 381 | $63,585,000 | $166,890 |
60-80% | 160 | $27,770,000 | $173,563 |
20-40% | 141 | $8,695,000 | $61,667 |
40-60% | 97 | $10,745,000 | $110,773 |
Under 20% | 64 | $2,790,000 | $43,594 |
Over 100% | 16 | $4,390,000 | $274,375 |
Martinsville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 381 originations, totaling $63,585,000 in origination value.