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Foreclosures in Martinsville, IL

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Martinsville, IL Foreclosures

Current Market Conditions in in Martinsville, IL As of February 2026?
Over the past month, the real estate market in Martinsville has shown signs of increased activity, with several homes going under contract within days of listing. Inventory levels remain low, which is leading to competitive bidding situations, particularly on well-maintained properties. Homes that are priced correctly are attracting multiple offers, reflecting a growing confidence in the local market as families continue to seek suburban living options in the area.
How much do homes sell for in Martinsville, IL?
The average home price is currently $163,930.
In Martinsville, IL, how many homes are available?
There are currently 1 active home listings available in Martinsville.
What’s the average rental cost in Martinsville, IL?
The average rental price in Martinsville is $976.
What is the most expensive home in Martinsville?
The most expensive home sold in Martinsville had a price of $1,998,101.
What is currently the cheapest priced home in Martinsville, IL?
The cheapest home for sale in Martinsville is priced at $6,375.

Living in Martinsville, IL

Martinsville, IL is a quaint, tight-knit community that combines rural charm with modern conveniences. Residents will appreciate its family-friendly amenities, local parks, and annual community events. The town is well-connected to educational institutions and provides a tranquil lifestyle perfect for those looking for a slower pace.

Buyer vs Seller Market in Martinsville, IL

Martinsville's real estate market is currently experiencing moderate growth, with a steady demand for single-family homes driven by the town's appeal for families and retirees. Home prices remain affordable compared to urban areas, making it an attractive location for first-time buyers and investors alike.

Recent trends indicate an increase in property values due to limited housing inventory and high interest in the area. As the demand continues to rise, prospective buyers are encouraged to act quickly to secure a home in this desirable location.

Home Value Estimator For Martinsville, IL

There are currently 992 real estate properties in Martinsville, IL, with a median automated valuation model (AVM) price of $120,943.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Martinsville, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Martinsville, IL, is $163,930.00, with the most expensive house in Martinsville, IL, topping out at $1,998,101.00 and the cheapest home in Martinsville, IL, clocking in at $6,375.00. In other words, there’s something for every potential homebuyer or savvy investor in Martinsville, IL!

Rent Prices In Martinsville, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Martinsville, IL, is on a rollercoaster ride. The average rent price in Martinsville, IL, is $976.00. Indeed, when looking to rent in Martinsville, IL, you can expect to pay as little as $460.00 or as much as $1,830.00, with the average rent median estimated to be $920.00. The good news is that finding an affordable and desirable property to rent in Martinsville, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Martinsville, IL Foreclosures

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