In the Martinsville area (ZIP 46151), the median home sold for $339,000 from July to September 2026, up 15% from a year earlier as published, against $300,000 for Morgan County (Indiana REALTORS Housing Hub). The median home went under contract in 33 days in September 2026, with 2.3 months of inventory. What that means for a seller depends on their price range and their home's condition.
What we analyzed: Indiana REALTORS Housing Hub figures for ZIP Code 46151 and Morgan County, July to September 2026, September 2026 and the three weeks ending with the week of Oct. 26, 2026, as published.
Martinsville home prices and days on market
Jul to Sep 2026
- Median sale price, 46151
- $339,000
- Jul to Sep 2026, 130 sales
- Median days on market
- 33 days
- 46151, September 2026
- Months of inventory
- 2.3
- 46151, September 2026
- Listings with a price cut
- 52.5%
- 46151, three weeks to the week of Oct. 26, 2026
Source: Indiana REALTORS Housing Hub, ZIP Code 46151 figures as published. Median sale prices are the Housing Hub's three-month figures.
How far have Martinsville prices moved?
Up, on the Housing Hub's year-over-year measure. The median sale price in ZIP 46151 was $339,000 from July to September 2026, up 15% from a year earlier as published, across 130 closed sales. The Morgan County median for the same three months was $300,000.
Over the 12 months to September 2026 the ZIP's median was $300,000 on 436 sales, up 6% as published. Homes sold for 96.0% of asking price over the latest three months.
How long do Martinsville homes take to go under contract?
In September 2026 the median home in ZIP 46151 went under contract in 33 days, up 35% from a year earlier as published. Morgan County's median was 32 days.
Over the month, 35 new pending contracts were signed and 35 sales closed in the ZIP. Other ZIP Codes in the county ranged widely, from 15 days in 46158 to 52 days in 46157, so a single number does not describe every price range.
Are there fewer Martinsville homes for sale than a year ago?
Yes. The ZIP averaged 84 homes for sale in September 2026, down 20% from a year earlier as published, which is 2.3 months of inventory. Morgan County averaged 203 homes for sale and 2.5 months.
New listings ran the other way: 52 in September 2026, up 13% from a year earlier as published. Fewer homes on the shelf and more arriving each month means a seller's home is compared with a fresh set of listings every week.
How many Martinsville listings are cutting their price?
In the three weeks to the week of Oct. 26, 2026, 52.5% of listings in ZIP 46151 had a price decrease, against 54.2% across Morgan County.
Homes sold for 96.7% of original list price in the ZIP over those three weeks, and 96.2% in the county. That falls in the balanced range, which runs from 96 percent to under 98 percent, so balanced is the call for the ZIP as a whole. A price range inside it can differ.
What we can and cannot say about Martinsville prices ahead
Our view at Mark Dietel Realty: We report what happened and what it means for your price range. We do not predict prices. Anyone who tells you exactly where prices will be next spring is guessing.
Your options for selling a Martinsville home
There is more than one way to sell a Martinsville home. We will lay them side by side with your numbers so you can choose.
List on the market
Usually the highest price, if you have time to prepare and show the home.
- A local agent walks through your home
- Recent sales at your price, side by side
- A pricing and preparation plan for your first weeks on the market
Guaranteed sale
For sellers who need to know the home will sell before they make their next move. Conditions apply.
- We agree on the price up front
- Plan your move around a known outcome
Cash offer
Speed and certainty. Sell as-is, on your timeline.
- No repairs or showings
- See how a cash price compares with listing
A cash offer trades price for speed and certainty. If your home is in good shape and you have time, a cash offer usually means taking less. It can make sense when repairs, timing or certainty matter more than price.
Who this may not be right for
You may not need a listing agent if you already have a buyer, you are comfortable pricing from public sold data, and you are ready to handle disclosures, showings, negotiation and closing paperwork yourself, or with a real estate attorney. Many people sell that way. If that is you, we will tell you so.
We are a team: you work with a listing agent backed by inside sales, coordinators and a transaction coordinator. Some sellers want one person for every call, start to finish. If that matters more to you than a team system, a solo agent may fit you better.
Questions Martinsville sellers ask us
How long does it take to sell a house in Martinsville?
In September 2026 the median home went under contract in 33 days in ZIP 46151 (Indiana REALTORS Housing Hub). Closing usually follows the contract by several weeks, depending on the buyer's financing.
Should I wait to sell my Martinsville home?
We report what happened and what it means for your price range. We do not predict prices. Anyone who tells you exactly where prices will be next spring is guessing. The better question is what your plan looks like at today's numbers.
Is the Martinsville median price higher than the rest of Morgan County?
The Housing Hub reports ZIP 46151 at $339,000 from July to September 2026 and Morgan County at $300,000. A median blends every home that sold, so your home's size, condition and updates matter more than the ZIP figure.
What should I fix before I sell?
Spend first on what a home inspector will find: roof, mechanicals, water and deferred maintenance. That is where repair money most often protects the sale. Cosmetic updates make sense when your home looks a generation older than what it competes with.
More for Martinsville sellers
- Sell your house in Martinsville with Mark Dietel Realty
- Get cash and listing offers on your Martinsville home
- All the ways we help sellers in Central Indiana
Sources: Indiana REALTORS Housing Hub (data.indianarealtors.com), ZIP Code 46151 and Morgan County figures as published: median sale price and closed sales Jul to Sep 2026; median days on market, months of inventory, inventory, new listings and new pending contracts September 2026; price decreases and sale price as a share of original list price, three-week average to the week of Oct. 26, 2026. Year-ago changes as published by the Housing Hub. ZIP areas and township boundaries: U.S. Census Bureau. Maps: OpenStreetMap contributors.
This page is general information about the Martinsville market, not an appraisal or a valuation of any specific home.
