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 6.96% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

The average rate for the prior week (2025-03-27) was 6.97% and one month ago for the week of 2025-02-27, the average rate was 7.08%.

Martinsville's average rate one year ago was 7.01%.

For refis of the same type during the week of 2025-04-03, the average rate was 7.04%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-04-03 6.64%
Martinsville 30 Year Fixed Rate 2025-04-03 6.96%
Martinsville 30 Year Fixed Rate Refi 2025-04-03 7.04%
Martinsville 15 Year Fixed Rate 2025-04-03 5.62%
Martinsville 15 Year Fixed Rate Refi 2025-04-03 5.92%
Martinsville 30 Year FHA 2025-04-03 6.51%
Martinsville 30 Year FHA Refi 2025-04-03 6.26%
Martinsville 30 Year USDA 2025-04-03 6.6%
Martinsville 30 Year USDA Refi 2025-04-03 6.32%
Martinsville 30 Year VA 2025-04-03 6.26%
Martinsville 30 Year VA Refi 2025-04-03 5.96%
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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
QUICKEN LOANS, LLC 41 6.91% $4,727
Alcova Mortgage LLC 26 7.03% $3,583
Blue Ridge Bank 19 6.59% $6,028
Atlantic Union Bank 12 6.67% $3,825
The Fidelity Bank 10 6.54% $3,334
Atlantic Coast Mortgage, LLC 9 6.53% $5,069
UNITED WHOLESALE MORTGAGE, LLC 8 6.56% $7,023
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 6 6.97% $5,538
ValleyStar Credit Union 5 7.15% $3,010
Wells Fargo Bank 5 7.20% $4,936
VANDERBILT MORTGAGE AND FINANCE, INC. 5 7.95% $5,984
Truist 5 6.83% $4,556
STATE EMPLOYEES' 5 6.71% $2,800
First Horizon Bank 5 6.35% $3,851
MOVEMENT MORTGAGE, LLC 4 6.80% $4,786
JPMorgan Chase Bank 4 6.81% $4,512
GUARANTEED RATE, INC. 3 6.78% $4,748
BROKER SOLUTIONS, INC. 3 7.54% $9,211
UNION HOME MORTGAGE CORP. 3 7.50% $4,408
FIRST BANCORP 3 7.29% $3,903
ZILLOW HOME LOANS, LLC 2 6.81% $4,031
CAPITAL CENTER, L.L.C. 2 7.06% $125
First National Bank of Pennsylvania 2 6.75% $4,283
Flagstar Bank, FSB 2 7.42% $3,445
FREEDOM FIRST 2 6.13% $3,628
HOMESIDE FINANCIAL, LLC 2 6.38% $4,044
Mortgage Research Center, LLC 2 6.63% $5,727
NAVY FEDERAL CREDIT UNION 2 6.81% $2,216
NEWREZ LLC 2 8.12% $4,599
Renasant Bank 2 7.18% $4,160
ROYAL UNITED MORTGAGE LLC 2 6.75% $6,322
Truliant Federal Credit Union 2 7.19% $2,981
First National Bank of America 1 10.24% $6,291
Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $5,351
CARDINAL FINANCIAL 1 5.88% $6,014
V.I.P. MORTGAGE, INC. 1 6.63% $4,080
PENNYMAC LOAN SERVICES, LLC 1 7.12% $7,532
PENTAGON FEDERAL CREDIT UNION 1 6.13% $3,515
PNC Bank 1 7.25% $6,227
Prosperity Home Mortgage, LLC 1 6.50% $5,131
Farm Credit of the Virginias, ACA 1 8.38% $600
Virginia Credit Union, Inc. 1 6.88% $3,798
Beeline Loans, Inc. 1 8.25% $11,404
EVERENCE FEDERAL CREDIT UNION 1 9.38% $3,202
Stifel Bank and Trust 1 7.13% $2,172
SUMMIT FUNDING, INC. 1 6.99% $5,531
TD Bank 1 8.10% $99
ENVOY MORTGAGE, LTD 1 6.50% $5,934
The Huntington National Bank 1 6.25% $3,717
DEEPHAVEN MORTGAGE LLC 1 8.50% $9,813
ARC HOME LLC 1 7.63% $4,687
CROSSCOUNTRY MORTGAGE, LLC 1 7.99% $6,154
Fulton Bank 1 7.38% $6,930
GSF Mortgage Corporation 1 7.38% $2,498
FREEDOM MORTGAGE CORPORATION 1 8.50% $7,645
C & F Mortgage Corporation 1 5.88% $3,291
HOMESTEAD FUNDING CORP. 1 6.63% $1,506
First Reliance Bank 1 5.63% $3,567
Carter Bank & Trust 1 6.75% $7,800

Martinsville Average Closing Costs & Other Stats

Martinsville, VA's 59 lenders originated 978 loans during 2024. The total origination value was $146,830,000, with an average loan value of $150,133.

Martinsville's average closing costs are $4,875.

The top Martinsville lender as defined by loan originations is QUICKEN LOANS, LLC, with 41 loans originated. Their average total fees are $4,727, which is $1,144 higher than the next largest lender, Alcova Mortgage LLC.

The lowest fee Martinsville lenders (with over 10 loans originated) are The Fidelity Bank ($3,334), Alcova Mortgage LLC ($3,583), Atlantic Union Bank ($3,825), QUICKEN LOANS, LLC ($4,727) and Blue Ridge Bank ($6,028).

The lowest rate Martinsville lenders (with over 10 loans originated) are The Fidelity Bank (6.54%), Blue Ridge Bank (6.59%), Atlantic Union Bank (6.67%), QUICKEN LOANS, LLC (6.91%) and Alcova Mortgage LLC (7.03%).

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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
Alcova Mortgage LLC $16,750,000 $17,075,000 1.9% 11.6%
QUICKEN LOANS, LLC $12,085,000 $14,120,000 16.8% 9.6%
Blue Ridge Bank $9,085,000 $11,945,000 31.5% 8.1%
Mortgage Research Center, LLC $5,115,000 $7,940,000 55.2% 5.4%
Atlantic Union Bank $485,000 $6,360,000 1,211.3% 4.3%
UNITED WHOLESALE MORTGAGE, LLC $2,550,000 $5,635,000 121.0% 3.8%
ValleyStar Credit Union $5,090,000 $5,215,000 2.5% 3.6%
The Fidelity Bank $4,840,000 $5,115,000 5.7% 3.5%
Atlantic Coast Mortgage, LLC $1,820,000 $4,545,000 149.7% 3.1%
Carter Bank & Trust $755,000 $3,570,000 372.8% 2.4%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $2,790,000 $2,980,000 6.8% 2.0%
Truist $2,720,000 $2,585,000 -5.0% 1.8%
PENNYMAC LOAN SERVICES, LLC $625,000 $2,545,000 307.2% 1.7%
BROKER SOLUTIONS, INC. $560,000 $2,460,000 339.3% 1.7%
MOVEMENT MORTGAGE, LLC $1,285,000 $2,285,000 77.8% 1.6%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,705,000 $2,000,000 17.3% 1.4%
VILLAGE CAPITAL MORTGAGE $1,705,000 n/a 1.2%
NAVY FEDERAL CREDIT UNION $970,000 $1,405,000 44.8% 1.0%
First Horizon Bank $1,610,000 $1,400,000 -13.0% 1.0%
GUARANTEED RATE, INC. $1,320,000 n/a 0.9%
FREEDOM MORTGAGE CORPORATION $540,000 $1,295,000 139.8% 0.9%
MEMBER ONE $420,000 $1,265,000 201.2% 0.9%
CNB Bank $285,000 $1,000,000 250.9% 0.7%
AMERICAN FINANCIAL RESOURCES, INC. $965,000 n/a 0.7%
STATE EMPLOYEES' $705,000 $945,000 34.0% 0.6%
ZILLOW HOME LOANS, LLC $140,000 $920,000 557.1% 0.6%
Virginia Credit Union, Inc. $210,000 $900,000 328.6% 0.6%
NEWREZ LLC $155,000 $885,000 471.0% 0.6%
Truliant Federal Credit Union $525,000 $880,000 67.6% 0.6%
Wells Fargo Bank $1,615,000 $875,000 -45.8% 0.6%
MUTUAL OF OMAHA MORTGAGE, INC. $295,000 $860,000 191.5% 0.6%
First National Bank of Pennsylvania $765,000 $830,000 8.5% 0.6%
First Bank $785,000 n/a 0.5%
UNION HOME MORTGAGE CORP. $850,000 $775,000 -8.8% 0.5%
NEW DAY FINANCIAL, LLC $1,225,000 $740,000 -39.6% 0.5%
JPMorgan Chase Bank $720,000 n/a 0.5%
LOANDEPOT.COM, LLC $355,000 $720,000 102.8% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $125,000 $715,000 472.0% 0.5%
PNC Bank $510,000 $645,000 26.5% 0.4%
AMERISAVE MORTGAGE CORPORATION $335,000 $625,000 86.6% 0.4%
Figure Lending LLC $125,000 $625,000 400.0% 0.4%
Prosperity Home Mortgage, LLC $265,000 $560,000 111.3% 0.4%
Equity Prime Mortgage LLC $545,000 n/a 0.4%
RELIANCE FIRST CAPITAL, LLC $125,000 $535,000 328.0% 0.4%
CARDINAL FINANCIAL $705,000 $510,000 -27.7% 0.3%
FIRST BANCORP $3,010,000 $510,000 -83.1% 0.3%
Bank of America $135,000 $495,000 266.7% 0.3%
Carrington Mortgage Services, LLC $750,000 $480,000 -36.0% 0.3%
CALCON MUTUAL MORTGAGE LLC $320,000 $455,000 42.2% 0.3%
LENDINGHOME FUNDING CORPORATION $455,000 n/a 0.3%
SWBC MORTGAGE CORPORATION $420,000 $440,000 4.8% 0.3%
Mid-Continent Funding, Inc. $400,000 n/a 0.3%
PLANET HOME LENDING, LLC $400,000 n/a 0.3%
LOANPAL, LLC $405,000 $390,000 -3.7% 0.3%
AmeriHome Mortgage Company, LLC $385,000 n/a 0.3%
Farm Credit of the Virginias, ACA $385,000 n/a 0.3%
Stifel Bank and Trust $385,000 n/a 0.3%
21ST MORTGAGE CORPORATION $775,000 $365,000 -52.9% 0.2%
Advance Financial Group, LLC $355,000 n/a 0.2%
FREEDOM FIRST $245,000 $350,000 42.9% 0.2%
Loan Simple, Inc. $340,000 n/a 0.2%
First Federal Bank $330,000 n/a 0.2%
NATION ONE MORTGAGE CORPORATION $195,000 $330,000 69.2% 0.2%
Beeline Loans, Inc. $305,000 n/a 0.2%
HOMESIDE FINANCIAL, LLC $295,000 $300,000 1.7% 0.2%
Credence Funding Corporation $285,000 n/a 0.2%
DEEPHAVEN MORTGAGE LLC $275,000 n/a 0.2%
Fulton Bank $275,000 n/a 0.2%
GREENSTATE CREDIT UNION $75,000 $275,000 266.7% 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $270,000 n/a 0.2%
SOUTHWEST STAGE FUNDING, LLC $270,000 n/a 0.2%
Flagstar Bank, FSB $180,000 $265,000 47.2% 0.2%
ENVOY MORTGAGE, LTD $260,000 n/a 0.2%
EVERENCE FEDERAL CREDIT UNION $65,000 $260,000 300.0% 0.2%
CAPITAL CENTER, L.L.C. $250,000 n/a 0.2%
Renasant Bank $385,000 $250,000 -35.1% 0.2%
Waterstone Mortgage Corporation $545,000 $250,000 -54.1% 0.2%
AMERITRUST MORTGAGE CORPORATION $245,000 n/a 0.2%
CLEARPATH LENDING $215,000 $235,000 9.3% 0.2%
BLUE EAGLE CREDIT UNION $250,000 $230,000 -8.0% 0.2%
ROYAL UNITED MORTGAGE LLC $150,000 $230,000 53.3% 0.2%
Keystone Funding, Inc. $215,000 n/a 0.1%
HOMESTEAD FUNDING CORP. $205,000 n/a 0.1%
GSF Mortgage Corporation $195,000 n/a 0.1%
Pinnacle Bank $165,000 $195,000 18.2% 0.1%
T2 FINANCIAL LLC $195,000 n/a 0.1%
AMERICAN FINANCIAL NETWORK, INC. $300,000 $185,000 -38.3% 0.1%
EVANSVILLE TEACHERS $185,000 n/a 0.1%
BAY EQUITY LLC $175,000 n/a 0.1%
First Reliance Bank $175,000 n/a 0.1%
Ixonia Bank $195,000 $165,000 -15.4% 0.1%
FAY SERVICING, LLC $275,000 $155,000 -43.6% 0.1%
MORTGAGE INVESTORS GROUP, INC. $155,000 n/a 0.1%
SUMMIT FUNDING, INC. $155,000 n/a 0.1%
The Federal Savings Bank $155,000 n/a 0.1%
TOWER $155,000 n/a 0.1%
AMERICAN HERITAGE LENDING, INC. $135,000 n/a 0.1%
LIMA ONE CAPITAL, LLC $765,000 $135,000 -82.4% 0.1%
PENTAGON FEDERAL CREDIT UNION $300,000 $135,000 -55.0% 0.1%
SOUTHPOINT FINANCIAL SERVICES, INC. $135,000 n/a 0.1%
Citizens Bank $625,000 $125,000 -80.0% 0.1%
USAA Federal Savings Bank $1,105,000 $125,000 -88.7% 0.1%
AMERICAN FINANCING CORPORATION $115,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $75,000 $115,000 53.3% 0.1%
TD Bank $105,000 n/a 0.1%
Discover Bank $205,000 $100,000 -51.2% 0.1%
SPRING EQ, LLC $35,000 $95,000 171.4% 0.1%
TOWNE MORTGAGE COMPANY $105,000 $95,000 -9.5% 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $300,000 $85,000 -71.7% 0.1%
LENDINGONE, LLC $85,000 n/a 0.1%
V.I.P. MORTGAGE, INC. $85,000 n/a 0.1%
ARC HOME LLC $225,000 $75,000 -66.7% 0.1%
CROSSCOUNTRY MORTGAGE, LLC $595,000 $75,000 -87.4% 0.1%
First National Bank $75,000 n/a 0.1%
First National Bank of America $75,000 n/a 0.1%
Magnolia Bank $75,000 n/a 0.1%
Third Federal Savings and Loan Association of Cleveland $70,000 $75,000 7.1% 0.1%
C & F Mortgage Corporation $370,000 $65,000 -82.4% 0.0%
Deere Employees Credit Union $220,000 $65,000 -70.5% 0.0%
The Huntington National Bank $65,000 n/a 0.0%
HomeTrust Bank $175,000 $55,000 -68.6% 0.0%
PIEDMONT ADVANTAGE CREDIT UNION $75,000 $55,000 -26.7% 0.0%
U.S. Bank $225,000 $55,000 -75.6% 0.0%
Coastal Community Bank $50,000 n/a 0.0%
KeyBank $35,000 n/a 0.0%
The Loan Store, Inc. $35,000 n/a 0.0%
AFFINITY $25,000 n/a 0.0%

Martinsville's top lender by overall market share is Alcova Mortgage LLC, with 11.6% market share. In second place, with 9.6%, is QUICKEN LOANS, LLC, having originated $14,120,000 in loans. In third place, with 8.1%, is Blue Ridge Bank, having originated $11,945,000 in loans. In fourth place, with 5.4%, is Mortgage Research Center, LLC, having originated $7,940,000 in loans. In fifth place, with 4.3%, is Atlantic Union Bank, having originated $6,360,000 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 $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 (-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 (19.2%) $331,214 (11.7%) 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%) $257,419 (-18.8%) 0.00 107
2024-06-01 $199,900 (9.0%) $253,745 (-30.7%) 0.00 113
2024-07-01 $193,900 (9.3%) $234,023 (-35.8%) 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
2024-10-01 $197,200 (3.8%) $236,406 (-27.2%) 0.00 125
2024-11-01 $209,900 (9.2%) $244,386 (-26.2%) 0.00 124
2024-12-01 $197,000 (-8.4%) $235,190 (-31.3%) 0.00 134
2025-01-01 $193,000 (-2.5%) $229,087 (-32.3%) 0.00 125
2025-02-01 $199,675 (8.5%) $248,296 (-18.1%) 0.00 98
2025-03-01 $219,200 (18.6%) $251,923 (-14.4%) 0.00 99
Martinsville's median listing price for 2025-03-01 was $219,200, a difference of $34,300 (18.6%) versus the prior year and $19,525 versus the prior month.

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

Martinsville's average listing price for 2025-03-01 was $251,923, a difference of $-42,293 (-14.4%) versus the prior year and $3,627 versus the prior month.

For the 2025-03-01 period, Martinsville had 99 MLS listings, a difference of 1 listings (1%) versus the prior month and -3 listings (-3%) 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 1,644 sqft
2019-08-01 0 days 1,631 sqft
2019-09-01 0 days 1,631 sqft
2019-10-01 0 days 1,634 sqft
2019-11-01 0 days 1,710 sqft
2019-12-01 0 days 1,705 sqft
2020-01-01 0 days 1,711 sqft
2020-02-01 0 days 1,740 sqft
2020-03-01 0 days 1,726 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 1,590 sqft
2021-04-01 0 days 1,436 sqft
2021-05-01 0 days 1,524 sqft
2021-06-01 0 days 1,597 sqft
2021-07-01 0 days 1,524 sqft
2021-08-01 0 days 1,545 sqft
2021-09-01 0 days 1,480 sqft
2021-10-01 0 days 1,388 sqft
2021-11-01 0 days 1,608 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 1,544 sqft
2024-07-01 0 days 1,567 sqft
2024-08-01 0 days 1,440 sqft
2024-09-01 0 days 1,606 sqft
2024-10-01 0 days 1,600 sqft
2024-11-01 0 days 1,588 sqft
2024-12-01 0 days 1,588 sqft
2025-01-01 0 days 1,524 sqft
2025-02-01 0 days 1,539 sqft
2025-03-01 0 days 1,554 sqft
Martinsville's median listing age (time on market) for 2025-03-01 was 0 days.

Martinsville's median square footage for active listings during the 2025-03-01 period was 1,554 sqft. One year prior, the average listing was 1,659 sqft.

Martinsville, VA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 532 $96,050,000 $180,545
Cash Out Refi 146 $21,030,000 $144,041
Home Improvement 118 $8,700,000 $73,729
Refi 101 $15,145,000 $149,950
Other 81 $5,905,000 $72,901

Martinsville's most frequently cited loan purpose was Home Purchase, with 532 originations. The 2nd most popular reason was Cash Out Refi, with 146 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 411 $67,725,000 $164,781
7-8% 230 $33,950,000 $147,609
Over 8% 201 $17,035,000 $84,751
5-6% 117 $21,335,000 $182,350
4-5% 7 $1,385,000 $197,857
<2.5% 4 $40,000 $10,000

During 2024, Martinsville's most frequently originated rate bucket was 6-7%, with 411 originations.

Loan Sizing (Martinsville, VA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 398 $57,630,000 $144,799
$100,000 or less 354 $20,980,000 $59,266
$200k-400k 190 $48,820,000 $256,947
$400k-600k 32 $15,010,000 $469,063
$600k-1000k 3 $2,385,000 $795,000
$Over $1MM 1 $2,005,000 $2,005,000

Martinsville's loan sizing saw the bucket of loans from $100k-200k with 398 originations, totaling $57,630,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 420 $78,230,000 $186,262
60-80% 209 $33,115,000 $158,445
20-40% 111 $7,655,000 $68,964
40-60% 107 $11,185,000 $104,533
Under 20% 84 $2,660,000 $31,667
Over 100% 18 $4,120,000 $228,889

Martinsville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 420 originations, totaling $78,230,000 in origination value.