Is Martin, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Martin is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Martin has remained a Seller's Market.

Key Takeaway

Martin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Martin, GA

How much do homes in Martin, GA cost?

Median Sold Price

$322,500

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$34,050(+11.8%)

Key Takeaway

Homes in Martin have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in Martin was $322,500 in May 2024, up 11.8% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$157.5K
N/A
2 $173.5K$145K
-16.4%
3 $288.4K$326.2K
+13.1%
4 $418K$607K
+45.2%
5+ -$629K
N/A

Summary: Martin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.4%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 45.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Rock Creek
+42.8%
Eastanollee
+26.7%
Martin
+14.3%
Martin
+11.8%

Housing Supply in Martin, GA

How many homes are available in Martin, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3338+15.2%

Summary: The Martin real estate market had 38 homes for sale in May 2024, a 15.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 33
0.0%
3 1615
-6.3%
4 1217
+41.7%
5+ 22
0.0%

Summary: The Martin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
128-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Martin, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Martin in May 2024, down by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.

Days on Market for Martin, GA

How long does it take to sell a home in Martin, GA?

Average Sale Time

May 2023May 2024CHANGE
69 Days28 Days-59.4%

Summary: Homes in Martin had an average of 28 days on market in May 2024, down by 59.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Martin are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 8 homes were sold in Martin; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in Martin, GA

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