Is Martin, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Martin has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $157.5K | N/A |
2 Bedrooms | $173.5K | $145K | -16.4% |
3 Bedrooms | $288.4K | $326.2K | +13.1% |
4 Bedrooms | $418K | $607K | +45.2% |
5+ Bedrooms | - | $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 | $270K | $385.5K | +42.8% |
Eastanollee | $215K | $272.4K | +26.7% |
Martin | $280K | $320K | +14.3% |
Martin | $288.4K | $322.5K | +11.8% |
Housing Supply in Martin, GA
How many homes are available in Martin, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 38 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 16 | 15 | -6.3% |
4 Bedrooms | 12 | 17 | +41.7% |
5+ Bedrooms | 2 | 2 | 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 2024 | May 2024 | CHANGE |
---|---|---|
12 | 8 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
69 Days | 28 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
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.