Martinsville Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Martinsville averaged 6.73% for the week of 2023-05-25, compared to the national average of 6.57% for the same period.

    The average rate for the prior week (2023-05-18) was 6.25% and one month ago for the week of 2023-04-20, the average rate was 6.25%.

    Martinsville's average rate one year ago was 5.01%.

    For refis of the same type during the week of 2023-05-25, the average rate was 6.47%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-05-25 6.57%
    Martinsville 30 Year Fixed Rate 2023-05-25 6.73%
    Martinsville 30 Year Fixed Rate Refi 2023-05-25 6.47%
    Martinsville 15 Year Fixed Rate 2023-05-25 5.77%
    Martinsville 15 Year Fixed Rate Refi 2023-05-25 6.37%
    Martinsville 30 Year FHA 2023-05-25 6.08%
    Martinsville 30 Year FHA Refi 2023-05-25 6.81%
    Martinsville 30 Year USDA 2023-05-25 6.01%
    Martinsville 30 Year USDA Refi 2023-05-25 6.63%
    Martinsville 30 Year VA 2023-05-25 6.21%
    Martinsville 30 Year VA Refi 2023-05-25 6.31%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    QUICKEN LOANS, LLC 34 5.48% $5,905
    Alcova Mortgage LLC 22 5.17% $3,484
    The Fidelity Bank 21 5.07% $4,483
    Blue Ridge Bank 16 5.27% $4,757
    Wells Fargo Bank 16 4.84% $3,473
    ValleyStar Credit Union 12 4.69% $4,101
    STATE EMPLOYEES' 8 4.21% $2,981
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 8 5.25% $5,461
    NAVY FEDERAL CREDIT UNION 8 5.66% $5,740
    Truist 8 4.43% $3,697
    ROYAL UNITED MORTGAGE LLC 5 5.75% $6,470
    MOVEMENT MORTGAGE, LLC 5 5.37% $5,771
    Truliant Federal Credit Union 4 4.94% $3,306
    American National Bank and Trust Company 3 5.17% $3,184
    CARDINAL FINANCIAL 3 4.46% $8,657
    Mortgage Research Center, LLC 3 5.75% $8,343
    EASTMAN 3 4.88% $4,124
    Mr. Cooper ( Nationstar Mortgage ) 3 5.04% $5,653
    BROKER SOLUTIONS, INC. 3 6.25% $6,379
    LAKEVIEW LOAN SERVICING, LLC 2 3.75% $3,302
    Ally Bank 2 5.88% $2,729
    Bank of America 2 3.38% $4,289
    CAPITAL CENTER, L.L.C. 2 4.19% $1,803
    Carter Bank & Trust 2 5.00% $4,052
    FIRST BANCORP, INC. 2 5.87% $3,253
    FREEDOM FIRST 2 5.44% $3,127
    FREEDOM MORTGAGE CORPORATION 2 6.44% $4,783
    Integrity Home Mortgage Corp 2 5.75% $7,682
    JPMorgan Chase Bank 2 6.13% $5,527
    AgFirst Farm Credit Bank 2 5.13% $4,202
    LOANDEPOT.COM, LLC 2 5.69% $5,672
    LOCAL GOVERNMENT FEDERAL CREDIT UNION 2 4.58% $2,689
    PENNYMAC LOAN SERVICES, LLC 2 4.00% $4,045
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.94% $6,503
    UNITED WHOLESALE MORTGAGE, LLC 2 5.40% $5,534
    Wyndham Capital Mortgage, Inc. 2 5.31% $6,385
    U.S. Bank 1 4.25% $2,357
    US MORTGAGE CORPORATION 1 5.25% $5,222
    BETTER MORTGAGE CORPORATION 1 4.88% $12,209
    MASON MCDUFFIE MORTGAGE CORPORATION 1 3.49% $5,423
    MCLEAN MORTGAGE CORPORATION 1 6.13% $4,649
    First Community Bank 1 4.00% $6,484
    First-Citizens Bank & Trust Company 1 2.99% $5,495
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.38% $4,551
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.13% $5,748
    EVERETT FINANCIAL, INC. 1 4.99% $2,340
    NEWREZ LLC 1 3.75% $3,819
    OVM FINANCIAL, INC. 1 5.38% $4,499
    PANORAMA MORTGAGE GROUP, LLC 1 6.13% $6,641
    Virginia Credit Union, Inc. 1 4.63% $4,428
    Pinnacle Bank 1 3.13% $3,604
    Atlantic Union Bank 1 4.63% $7,251
    Prosperity Home Mortgage, LLC 1 4.88% $5,436
    EVERENCE FEDERAL CREDIT UNION 1 8.38% $2,612
    EMBRACE HOME LOANS, INC. 1 3.88% $3,873
    RUOFF MORTGAGE COMPANY, INC. 1 5.25% $2,175
    Discover Bank 1 9.49% $0
    TD Bank 1 3.75% $2,592
    The Central Trust Bank 1 3.75% $1,414
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $7,714
    Towne First Mortgage, LLC 1 6.75% $5,505
    TOWNE MORTGAGE COMPANY 1 3.25% $3,495
    First Federal Bank 1 4.38% $9,610
    First Heritage Mortgage, LLC 1 3.75% $4,156
    First Horizon Bank 1 4.88% $5,096
    First National Bank of America 1 8.75% $6,132
    First Palmetto Bank 1 6.00% $3,232
    Citizens Bank 1 5.63% $3,491
    CALIBER HOME LOANS, INC. 1 7.13% $3,564
    GUARANTEED RATE, INC. 1 3.99% $3,378
    GUILD MORTGAGE COMPANY 1 4.50% $3,379
    UNITED MORTGAGE CORP. 1 6.50% $6,458
    ZILLOW HOME LOANS, LLC 1 3.38% $3,842

    Martinsville Average Closing Costs & Other Stats

    Martinsville, VA's 73 lenders originated 1,012 loans during 2022. The total origination value was $148,250,000, with an average loan value of $146,492.

    Martinsville's average closing costs are $4,444.

    The top Martinsville lender as defined by loan originations is QUICKEN LOANS, LLC, with 34 loans originated. Their average total fees are $5,905, which is $2,421 higher than the next largest lender, Alcova Mortgage LLC.

    The lowest fee Martinsville lenders (with over 10 loans originated) are Wells Fargo Bank ($3,473), Alcova Mortgage LLC ($3,484), ValleyStar Credit Union ($4,101), The Fidelity Bank ($4,483) and Blue Ridge Bank ($4,757).

    The lowest rate Martinsville lenders (with over 10 loans originated) are ValleyStar Credit Union (4.69%), Wells Fargo Bank (4.84%), The Fidelity Bank (5.07%), Alcova Mortgage LLC (5.17%) and Blue Ridge Bank (5.27%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Alcova Mortgage LLC $19,985,000 $14,720,000 -26.3% 9.9%
    ValleyStar Credit Union $11,930,000 $14,420,000 20.9% 9.7%
    QUICKEN LOANS, LLC $24,655,000 $13,875,000 -43.7% 9.4%
    American National Bank and Trust Company $14,105,000 $11,670,000 -17.3% 7.9%
    Blue Ridge Bank $15,170,000 $11,465,000 -24.4% 7.7%
    The Fidelity Bank $9,465,000 $7,790,000 -17.7% 5.3%
    Mortgage Research Center, LLC $3,640,000 $4,930,000 35.4% 3.3%
    Truist $7,190,000 $4,520,000 -37.1% 3.0%
    Wells Fargo Bank $5,765,000 $3,420,000 -40.7% 2.3%
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. $2,790,000 $2,625,000 -5.9% 1.8%
    MOVEMENT MORTGAGE, LLC $4,005,000 $2,620,000 -34.6% 1.8%
    FREEDOM FIRST $230,000 $2,560,000 1,013.0% 1.7%
    NAVY FEDERAL CREDIT UNION $1,560,000 $2,510,000 60.9% 1.7%
    Carter Bank & Trust $2,370,000 $1,935,000 -18.4% 1.3%
    PENNYMAC LOAN SERVICES, LLC $4,335,000 $1,680,000 -61.2% 1.1%
    BROKER SOLUTIONS, INC. $900,000 $1,590,000 76.7% 1.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $1,175,000 $1,435,000 22.1% 1.0%
    Mr. Cooper ( Nationstar Mortgage ) $1,075,000 $1,270,000 18.1% 0.9%
    STATE EMPLOYEES' $730,000 $1,235,000 69.2% 0.8%
    Truliant Federal Credit Union $1,040,000 $1,075,000 3.4% 0.7%
    LOANDEPOT.COM, LLC $2,525,000 $1,025,000 -59.4% 0.7%
    EMBRACE HOME LOANS, INC. $930,000 $995,000 7.0% 0.7%
    CNB Bank $585,000 $950,000 62.4% 0.6%
    BETTER MORTGAGE CORPORATION $220,000 $945,000 329.5% 0.6%
    FREEDOM MORTGAGE CORPORATION $4,685,000 $930,000 -80.1% 0.6%
    Bank of America $1,025,000 $910,000 -11.2% 0.6%
    UNITED WHOLESALE MORTGAGE, LLC $1,100,000 $870,000 -20.9% 0.6%
    AMERISAVE MORTGAGE CORPORATION $985,000 $845,000 -14.2% 0.6%
    MASON MCDUFFIE MORTGAGE CORPORATION $345,000 $815,000 136.2% 0.5%
    AMERICAN FINANCIAL RESOURCES, INC. $325,000 $810,000 149.2% 0.5%
    NEW DAY FINANCIAL, LLC $965,000 $785,000 -18.7% 0.5%
    Pinnacle Bank $180,000 $785,000 336.1% 0.5%
    EASTMAN $235,000 $770,000 227.7% 0.5%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,940,000 $750,000 -61.3% 0.5%
    First Horizon Bank $680,000 $750,000 10.3% 0.5%
    MEMBER ONE $1,890,000 $655,000 -65.3% 0.4%
    Citizens Bank $665,000 $625,000 -6.0% 0.4%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $605,000 n/a 0.4%
    Carrington Mortgage Services, LLC $970,000 $605,000 -37.6% 0.4%
    First-Citizens Bank & Trust Company $190,000 $600,000 215.8% 0.4%
    Hometown Lenders, Inc. $595,000 n/a 0.4%
    NEWREZ LLC $3,340,000 $595,000 -82.2% 0.4%
    Paramount Residential Mortgage Group, Inc. $210,000 $575,000 173.8% 0.4%
    JPMorgan Chase Bank $890,000 $570,000 -36.0% 0.4%
    Prosperity Home Mortgage, LLC $1,210,000 $540,000 -55.4% 0.4%
    ROYAL UNITED MORTGAGE LLC $885,000 $540,000 -39.0% 0.4%
    FIRST BANCORP, INC. $55,000 $535,000 872.7% 0.4%
    Wyndham Capital Mortgage, Inc. $500,000 n/a 0.3%
    First Heritage Mortgage, LLC $485,000 n/a 0.3%
    USAA Federal Savings Bank $565,000 $485,000 -14.2% 0.3%
    PREMIA MORTGAGE, LLC $475,000 n/a 0.3%
    Flagstar Bank, FSB $455,000 n/a 0.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $35,000 $450,000 1,185.7% 0.3%
    Integrity Home Mortgage Corp $210,000 $440,000 109.5% 0.3%
    NATIONS DIRECT MORTGAGE, LLC $415,000 $425,000 2.4% 0.3%
    AMERICAN PACIFIC MORTGAGE CORPORATION $335,000 $415,000 23.9% 0.3%
    Virginia Credit Union, Inc. $210,000 $415,000 97.6% 0.3%
    LOCAL GOVERNMENT FEDERAL CREDIT UNION $420,000 $410,000 -2.4% 0.3%
    MCLEAN MORTGAGE CORPORATION $410,000 n/a 0.3%
    ZILLOW HOME LOANS, LLC $410,000 n/a 0.3%
    Bank of England $165,000 $405,000 145.5% 0.3%
    PLANET HOME LENDING, LLC $115,000 $400,000 247.8% 0.3%
    PENTAGON FEDERAL CREDIT UNION $960,000 $385,000 -59.9% 0.3%
    AgFirst Farm Credit Bank $410,000 $350,000 -14.6% 0.2%
    Atlantic Union Bank $235,000 $350,000 48.9% 0.2%
    ARC HOME LLC $560,000 $345,000 -38.4% 0.2%
    Commerce Home Mortgage, Inc. $195,000 $345,000 76.9% 0.2%
    Equity Prime Mortgage LLC $345,000 n/a 0.2%
    HOME POINT FINANCIAL CORPORATION $1,905,000 $345,000 -81.9% 0.2%
    HomeTrust Bank $205,000 $345,000 68.3% 0.2%
    CAPITAL CENTER, L.L.C. $330,000 n/a 0.2%
    First Palmetto Bank $325,000 n/a 0.2%
    LAKEVIEW LOAN SERVICING, LLC $705,000 $325,000 -53.9% 0.2%
    Skyline National Bank $390,000 $320,000 -17.9% 0.2%
    Advance Financial Group, LLC $315,000 n/a 0.2%
    CALIBER HOME LOANS, INC. $1,275,000 $310,000 -75.7% 0.2%
    Ally Bank $290,000 n/a 0.2%
    Mid-Continent Funding, Inc. $290,000 n/a 0.2%
    First Community Bank $275,000 n/a 0.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $785,000 $260,000 -66.9% 0.2%
    Towne First Mortgage, LLC $95,000 $260,000 173.7% 0.2%
    GUARANTEED RATE, INC. $555,000 $250,000 -55.0% 0.2%
    LANGLEY $245,000 n/a 0.2%
    TD Bank $235,000 n/a 0.2%
    AMWEST FUNDING CORP. $215,000 n/a 0.1%
    MILEND, INC. $215,000 n/a 0.1%
    BLUE EAGLE CREDIT UNION $90,000 $210,000 133.3% 0.1%
    21ST MORTGAGE CORPORATION $125,000 $205,000 64.0% 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $395,000 $205,000 -48.1% 0.1%
    Atlantic Coast Mortgage, LLC $185,000 $200,000 8.1% 0.1%
    RANLIFE, INC. $470,000 $195,000 -58.5% 0.1%
    EVERENCE FEDERAL CREDIT UNION $190,000 n/a 0.1%
    EVERETT FINANCIAL, INC. $185,000 n/a 0.1%
    UNITED MORTGAGE CORP. $185,000 n/a 0.1%
    First Federal Bank $500,000 $175,000 -65.0% 0.1%
    The Central Trust Bank $175,000 n/a 0.1%
    PANORAMA MORTGAGE GROUP, LLC $165,000 n/a 0.1%
    SWBC MORTGAGE CORPORATION $165,000 $155,000 -6.1% 0.1%
    Bank of Botetourt $145,000 n/a 0.1%
    US MORTGAGE CORPORATION $145,000 n/a 0.1%
    SOVEREIGN LENDING GROUP INCORPORATED $135,000 n/a 0.1%
    TIDEWATER MORTGAGE SERVICES, INC. $90,000 $135,000 50.0% 0.1%
    Waterstone Mortgage Corporation $135,000 n/a 0.1%
    CREDIT UNION MORTGAGE ASSOCIATION, INC. $955,000 $125,000 -86.9% 0.1%
    Magnolia Bank $135,000 $125,000 -7.4% 0.1%
    Nations Lending Corporation $105,000 $125,000 19.0% 0.1%
    Texana Bank $125,000 n/a 0.1%
    U.S. Bank $325,000 $125,000 -61.5% 0.1%
    THRIVE MORTGAGE, LLC $120,000 n/a 0.1%
    Barrington Bank & Trust Company, N.A. $275,000 $115,000 -58.2% 0.1%
    DIRECT MORTGAGE LOANS, LLC $115,000 n/a 0.1%
    Northpointe Bank $115,000 n/a 0.1%
    OVM FINANCIAL, INC. $280,000 $115,000 -58.9% 0.1%
    Renasant Bank $95,000 $115,000 21.1% 0.1%
    Tidewater Home Funding, LLC $115,000 n/a 0.1%
    TOWNE MORTGAGE COMPANY $165,000 $115,000 -30.3% 0.1%
    ALLIED MORTGAGE GROUP, INC. $105,000 n/a 0.1%
    AMERICAN FINANCING CORPORATION $1,425,000 $105,000 -92.6% 0.1%
    CHURCHILL MORTGAGE CORPORATION $200,000 $105,000 -47.5% 0.1%
    Figure Lending LLC $35,000 $105,000 200.0% 0.1%
    GUILD MORTGAGE COMPANY $290,000 $105,000 -63.8% 0.1%
    HOMESIDE FINANCIAL, LLC $455,000 $105,000 -76.9% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $115,000 $105,000 -8.7% 0.1%
    NATION ONE MORTGAGE CORPORATION $95,000 $105,000 10.5% 0.1%
    RUOFF MORTGAGE COMPANY, INC. $105,000 n/a 0.1%
    UNION HOME MORTGAGE CORP. $85,000 $105,000 23.5% 0.1%
    First National Bank of America $95,000 n/a 0.1%
    HONDA Federal Credit Union $95,000 n/a 0.1%
    KELLER MORTGAGE, LLC $95,000 n/a 0.1%
    SPRING EQ, LLC $240,000 $90,000 -62.5% 0.1%
    AMERICAN ADVISORS GROUP $80,000 n/a 0.1%
    FAY SERVICING, LLC $75,000 n/a 0.1%
    COASTAL Federal Credit Union $185,000 $55,000 -70.3% 0.0%
    Discover Bank $85,000 $55,000 -35.3% 0.0%
    RELIANCE FIRST CAPITAL, LLC $340,000 $55,000 -83.8% 0.0%
    State Department Federal Credit Union $55,000 n/a 0.0%
    Secured Investment Corp. $45,000 n/a 0.0%
    WesBanco Bank, Inc. $45,000 n/a 0.0%
    Citibank $35,000 n/a 0.0%
    First National Bank $25,000 n/a 0.0%
    M&T Bank $15,000 n/a 0.0%
    PNC Bank $115,000 $15,000 -87.0% 0.0%

    Martinsville's top lender by overall market share is Alcova Mortgage LLC, with 9.9% market share. In second place, with 9.7%, is ValleyStar Credit Union, having originated $14,420,000 in loans. In third place, with 9.4%, is QUICKEN LOANS, LLC, having originated $13,875,000 in loans. In fourth place, with 7.9%, is American National Bank and Trust Company, having originated $11,670,000 in loans. In fifth place, with 7.7%, is Blue Ridge Bank, having originated $11,465,000 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%) $146,870 (6.1%) 0.00 357
    2018-02-01 $106,150 (13.1%) $148,132 (7.0%) 0.00 350
    2018-03-01 $114,569 (21.0%) $154,190 (11.3%) 0.00 344
    2018-04-01 $109,950 (15.9%) $159,474 (14.2%) 0.00 342
    2018-05-01 $109,900 (15.8%) $157,694 (9.4%) 0.00 368
    2018-06-01 $109,900 (10.3%) $154,414 (5.8%) 0.00 374
    2018-07-01 $109,900 (6.4%) $158,116 (9.6%) 0.00 366
    2018-08-01 $113,569 (13.8%) $160,433 (16.9%) 0.00 362
    2018-09-01 $109,950 (6.3%) $158,922 (13.3%) 0.00 350
    2018-10-01 $109,950 (10.1%) $161,808 (13.6%) 0.00 342
    2018-11-01 $99,900 (-1.1%) $152,677 (5.3%) 0.00 326
    2018-12-01 $99,900 (0.0%) $152,398 (5.6%) 0.00 318
    2019-01-01 $99,900 (0.0%) $150,370 (2.4%) 0.00 272
    2019-02-01 $99,900 (-5.9%) $151,892 (2.5%) 0.00 290
    2019-03-01 $95,000 (-17.1%) $149,511 (-1.9%) 0.00 311
    2019-04-01 $99,900 (-9.1%) $151,408 (-5.0%) 0.00 304
    2019-05-01 $99,900 (-9.1%) $150,438 (-4.6%) 0.00 301
    2019-06-01 $109,900 (0.0%) $153,015 (-0.9%) 0.00 296
    2019-07-01 $109,900 (0.0%) $161,573 (2.2%) 0.00 283
    2019-08-01 $105,000 (-7.5%) $161,861 (-0.5%) 0.00 269
    2019-09-01 $99,900 (-9.1%) $160,054 (-1.2%) 0.00 244
    2019-10-01 $99,900 (-9.1%) $158,582 (-3.0%) 0.00 241
    2019-11-01 $105,000 (5.1%) $160,414 (5.1%) 0.00 231
    2019-12-01 $103,900 (4.0%) $159,230 (4.5%) 0.00 223
    2020-01-01 $108,675 (8.8%) $158,567 (5.5%) 0.00 208
    2020-02-01 $107,400 (7.5%) $153,882 (1.3%) 0.00 209
    2020-03-01 $103,173 (8.6%) $157,765 (4.3%) 0.00 211
    2020-04-01 $103,173 (3.3%) $160,710 (6.1%) 0.00 209
    2020-05-01 $99,900 (0.0%) $161,571 (7.4%) 0.00 199
    2020-06-01 $110,668 (0.7%) $183,941 (20.2%) 0.00 175
    2020-07-01 $124,000 (12.8%) $199,996 (23.8%) 0.00 148
    2020-08-01 $129,900 (23.7%) $224,651 (40.7%) 0.00 137
    2020-09-01 $136,150 (36.3%) $236,473 (50.6%) 0.00 130
    2020-10-01 $124,900 (25.0%) $232,396 (48.1%) 0.00 122
    2020-11-01 $119,950 (14.2%) $222,769 (38.9%) 0.00 123
    2020-12-01 $123,175 (18.6%) $229,075 (43.9%) 0.00 116
    2021-01-01 $127,400 (17.2%) $243,201 (53.4%) 0.00 97
    2021-02-01 $116,175 (8.2%) $266,982 (73.5%) 0.00 71
    2021-03-01 $134,900 (30.8%) $247,938 (57.2%) 0.00 62
    2021-04-01 $129,900 (25.9%) $232,854 (44.9%) 0.00 75
    2021-05-01 $129,950 (30.1%) $250,252 (54.9%) 0.00 76
    2021-06-01 $149,225 (34.8%) $256,631 (39.5%) 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 $192,450 (48.2%) $337,389 (44.9%) 0.00 59
    2022-05-01 $199,900 (53.8%) $300,184 (20.0%) 0.00 81
    2022-06-01 $189,900 (27.3%) $296,512 (15.5%) 0.00 80
    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 $161,175 (7.5%) $296,628 (-13.2%) 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 (-17.2%) $303,638 (0.0%) 0.00 85
    Martinsville's median listing price for 2023-04-01 was $159,450, a difference of $-33,000 (-17.2%) versus the prior year and $7,050 versus the prior month.

    Martinsville's median listing price comes in at 0% of the national average.

    Martinsville's average listing price for 2023-04-01 was $303,638, a difference of $-33,751 (0.0%) versus the prior year and $36,928 versus the prior month.

    For the 2023-04-01 period, Martinsville had 85 MLS listings, a difference of 4 listings (5%) versus the prior month and 26 listings (44%) 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 1,703 sqft
    2018-02-01 0 days 1,665 sqft
    2018-03-01 0 days 1,727 sqft
    2018-04-01 0 days 1,674 sqft
    2018-05-01 0 days 1,632 sqft
    2018-06-01 0 days 1,630 sqft
    2018-07-01 0 days 1,726 sqft
    2018-08-01 0 days 1,788 sqft
    2018-09-01 0 days 1,776 sqft
    2018-10-01 0 days 1,780 sqft
    2018-11-01 0 days 1,678 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 1,610 sqft
    2019-04-01 0 days 1,614 sqft
    2019-05-01 0 days 1,620 sqft
    2019-06-01 0 days 1,648 sqft
    2019-07-01 0 days 1,641 sqft
    2019-08-01 0 days 1,632 sqft
    2019-09-01 0 days 1,623 sqft
    2019-10-01 0 days 1,634 sqft
    2019-11-01 0 days 1,706 sqft
    2019-12-01 0 days 1,701 sqft
    2020-01-01 0 days 1,698 sqft
    2020-02-01 0 days 1,726 sqft
    2020-03-01 0 days 1,717 sqft
    2020-04-01 0 days 1,712 sqft
    2020-05-01 0 days 1,640 sqft
    2020-06-01 0 days 1,695 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 1,692 sqft
    2022-05-01 0 days 1,708 sqft
    2022-06-01 0 days 1,654 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
    Martinsville's median listing age (time on market) for 2023-04-01 was 0 days.

    Martinsville's median square footage for active listings during the 2023-04-01 period was 1,512 sqft. One year prior, the average listing was 1,692 sqft.

    Martinsville, VA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 566 $100,740,000 $177,986
    Cash Out Refi 178 $24,430,000 $137,247
    Refi 113 $12,625,000 $111,726
    Home Improvement 82 $4,970,000 $60,610
    Other 73 $5,485,000 $75,137

    Martinsville's most frequently cited loan purpose was Home Purchase, with 566 originations. The 2nd most popular reason was Cash Out Refi, with 178 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 270 $41,200,000 $152,593
    4-5% 252 $42,030,000 $166,786
    3-4% 217 $29,895,000 $137,765
    6-7% 127 $18,085,000 $142,402
    7-8% 55 $6,825,000 $124,091
    2.5-3% 49 $6,575,000 $134,184
    Over 8% 21 $1,445,000 $68,810
    <2.5% 15 $1,705,000 $113,667

    During 2022, Martinsville's most frequently originated rate bucket was 5-6%, with 270 originations.

    Loan Sizing (Martinsville, VA MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 428 $60,980,000 $142,477
    $100,000 or less 388 $22,880,000 $58,969
    $200k-400k 166 $44,040,000 $265,301
    $400k-600k 23 $10,445,000 $454,130
    $600k-1000k 4 $3,060,000 $765,000
    $Over $1MM 3 $6,845,000 $2,281,667

    Martinsville's loan sizing saw the bucket of loans from $100k-200k with 428 originations, totaling $60,980,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 485 $77,575,000 $159,948
    60-80% 240 $43,750,000 $182,292
    20-40% 101 $6,515,000 $64,505
    40-60% 88 $8,720,000 $99,091
    Under 20% 56 $1,820,000 $32,500
    Over 100% 28 $8,400,000 $300,000

    Martinsville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 485 originations, totaling $77,575,000 in origination value.