Is Martinsville, NJ 08836 a buyer’s or seller’s market?
Martinsville is a seller’s market. With about 1 months of supply and 65% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
#8 of 110 ZIP codes in Middlesex, Monmouth, Ocean & Somerset, NJ, and #69 of 531 across all the markets we track.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. How the heat score works
The Martinsville housing market right now
In the three months ending August 31, 2026, 65% of homes in Martinsville, NJ 08836 sold above their list price, the typical home went under contract in 18 days and there was 1 month of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 21 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 62%, homes sold more slowly (16 days then) and the median sale price rose 10% to $938,213. Overall, Martinsville is about as competitive as it was a year ago.
Within Somerset County, homes here sell faster than in 77% of the county’s ZIP codes, and sell more often over asking than in 68%. On our competition score, Martinsville ranks #27 of 444 NJ ZIP codes with enough sales (score 95 out of 100).
Nearby, buyers who want less competition could look at Warren 07059 (39% sold over asking) or Watchung 07069 (46% sold over asking), while Bedminster 07921 (80% sold over asking) and Raritan 08869 (79% sold over asking) are even more competitive.
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Nearby markets
Basking Ridge 07920Seller’s market $439 /sq ftBedminster 07921Seller’s market $456 /sq ftBelle Mead 08502Seller’s market $384 /sq ftBernardsville 07924Seller’s market $472 /sq ft Browse all markets →Towns like Martinsville nearby
Find towns like Martinsville in other states →Where Martinsville is
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Questions about Martinsville real estate
Is Martinsville a buyer’s or seller’s market?
A seller’s market: there was 1 months of supply in Martinsville, NJ 08836 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Martinsville?
The typical home went under contract in 18 days in the latest three months.
Do homes in Martinsville sell over asking?
65% of homes sold above their original list price, and the typical sale closed at 105.3% of the list price.
What are property taxes in Martinsville?
About 2.03% of a home’s value a year in Somerset County, where towns range from 1.23% to 2.65%, or roughly $8,120 on a $400,000 home.
What is the median home price in Martinsville?
The median sale price was $938,213 in the three months ending August 31, 2026, about $376 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology