24112 — Martinsville city, Virginia Market Snapshot
Housing market data for zip code 24112 in Martinsville city, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
75 sales in 2026 (year to date)
Median Sale Price
$160,000
Days to Sell
71
Homes Sold
75
Inventory
143
Sale-to-List
94.9%
New Listings
128
Price/SqFt
$113
Pending Sales
103
Conforming Loan Available
Most homebuyers in 24112 can comfortably use conventional financing. The median home price of $160,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 71 days on average, 24112 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 24112 sells for 5.1% below asking price (94.9% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 24112 can comfortably use conventional financing. The median home price of $160,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 24112 are set at the county level.
2026 Loan Limits — Martinsville city
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 24112
To purchase the median home at $160,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,376.
Monthly Payment
$1,376
Income Required
$58,966
Principal & Interest
$986/mo
Down Payment (5%)
$8,000
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 24112.
Estimated Monthly Payment
$1,140
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 24112. Tell us what you're looking for.