The Fizbit

Fizbo Market Record — March 24, 2026 Compared against 111 active listings in Martinsville, 182,059 nationwide, here is where this property stands. This contemporary house offers 3 bedrooms and 3 bathrooms across 2,872 square feet on a lot of 24,393 square feet, built in 1978. The listing notes that it features waterfront views, a private dock, a multi-level deck, and an open-concept kitchen with an island overlooking the lake. Priced at $699,500, this home is positioned above 88% of active listings in Martinsville, placing it in the top 12%. The price-to-square-foot ratio places it at the 90th percentile compared to city standards, indicating a premium pricing strategy. However, with a square footage ranking of only the 61st percentile, this suggests that the home is priced slightly more aggressively than its size would indicate. Compared to the city median house price of $340,000, it commands nearly double the average at 2.06 times the median value. Among the 111 active listings in Martinsville, only a handful offer comparable features such as waterfront access and private docks. The listing notes that this home includes an expansive deck with direct lakefront access, which is a significant differentiator given that less than 5% of city listings include similar amenities. However, it falls short on other common features like a garage, present in over half of the competing homes. The property's lot size ranks at the 53rd percentile, meaning only about half of the active listings have larger lots. This suggests that while the home has ample space, its lot is not exceptionally large compared to others in the market. Additionally, with a year-built ranking of just the 48th percentile, it indicates that the property is relatively older than many competing homes. Given the current competitive landscape, this listing faces stiff competition from newer and more traditionally equipped properties. The agent should emphasize unique selling points like waterfront views and private dock access to attract buyers looking for distinctive features not commonly found in other listings. Highlighting these differentiators can help justify its premium pricing and appeal to those seeking a lifestyle property rather than just a standard home. With the market heat described as "cool," there are fewer active listings compared to demand, but this does not necessarily mean homes are moving quickly without specific days-on-market data. The agent should focus on showcasing the unique attributes of this waterfront home while being prepared to address potential concerns about its age and lot size relative to other options available in Martinsville.