Martinsville Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

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%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Martinsville, VA.

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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 36 7.14% $5,318
Alcova Mortgage LLC 33 6.87% $2,569
Blue Ridge Bank 13 6.90% $5,683
The Fidelity Bank 12 6.96% $4,697
Truist 9 6.50% $3,864
ValleyStar Credit Union 7 7.35% $4,143
American National Bank and Trust Company 6 6.56% $3,714
First Horizon Bank 5 7.15% $4,286
Atlantic Coast Mortgage, LLC 5 6.80% $8,508
Wells Fargo Bank 4 6.19% $4,314
STATE EMPLOYEES' 4 6.30% $3,292
VANDERBILT MORTGAGE AND FINANCE, INC. 3 7.91% $5,641
Mortgage Research Center, LLC 3 6.63% $2,658
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.54% $8,110
ZILLOW HOME LOANS, LLC 2 7.63% $5,286
SWBC MORTGAGE CORPORATION 2 7.81% $3,108
AMERISAVE MORTGAGE CORPORATION 2 7.38% $4,650
FIRST BANCORP 2 7.44% $6,031
USAA Federal Savings Bank 2 6.38% $4,902
MEMBER ONE 2 6.44% $3,046
CREDIT UNION MORTGAGE ASSOCIATION, INC. 2 6.75% $4,013
LOANPAL, LLC 1 6.50% $4,687
LOCAL GOVERNMENT FEDERAL CREDIT UNION 1 5.00% $2,350
Morgan Stanley Private Bank 1 6.00% $2,481
MOVEMENT MORTGAGE, LLC 1 6.81% $3,631
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.88% $5,549
NEWREZ LLC 1 6.13% $5,661
Northpointe Bank 1 7.63% $5,256
Paramount Residential Mortgage Group, Inc. 1 10.88% $19,809
PENNYMAC LOAN SERVICES, LLC 1 5.88% $5,436
PENTAGON FEDERAL CREDIT UNION 1 6.38% $3,368
Pinnacle Bank 1 5.25% $2,647
PNC Bank 1 6.75% $4,024
Presidential Bank, FSB 1 7.88% $11,216
Prosperity Home Mortgage, LLC 1 7.25% $4,126
Renasant Bank 1 6.13% $8,175
SIRVA MORTGAGE, INC. 1 6.50% $2,474
Towne First Mortgage, LLC 1 6.38% $4,431
UNION HOME MORTGAGE CORP. 1 6.63% $3,823
Virginia Credit Union, Inc. 1 5.63% $4,371
Truliant Federal Credit Union 1 5.88% $2,868
AMERICAN FINANCIAL NETWORK, INC. 1 8.00% $2,499
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.25% $6,412
ARC HOME LLC 1 6.50% $4,495
Bank of America 1 8.13% $7,100
BETTER MORTGAGE CORPORATION 1 7.50% $2,044
CARDINAL FINANCIAL 1 7.63% $9,390
Carrington Mortgage Services, LLC 1 6.50% $4,800
Citizens Bank 1 7.50% $4,226
CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $7,745
Deere Employees Credit Union 1 6.38% $3,055
EASTMAN 1 6.88% $3,057
EMM LOANS LLC 1 6.88% $6,613
EVERENCE FEDERAL CREDIT UNION 1 9.13% $2,648
First-Citizens Bank & Trust Company 1 7.00% $2,811
First Heritage Mortgage, LLC 1 5.88% $4,570
First National Bank of Pennsylvania 1 7.38% $4,667
FIRST SAVINGS MORTGAGE CORPORATION 1 5.88% $7,743
HomeTrust Bank 1 6.50% $5,190
HOMEXPRESS MORTGAGE CORP. 1 8.38% $6,503
Ixonia Bank 1 7.25% $9,114

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. Louis
Date 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 for 2024-09-01 was $193,425, a difference of $4,425 (2.3%) versus the prior year and $3,525 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2024-09-01 was 0 days.

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.