Is Martinez, CA 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, Martinez has remained a Seller's Market.
Housing Prices in Martinez, CA
How much do homes in Martinez, CA cost?
Median Sold Price
$776,800
$501/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Martinez was $776,800 in May 2024, up 2.2% from last year, and the median price per square foot was $501.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $357.5K | $377K | +5.5% |
2 Bedrooms | $515K | $531.7K | +3.3% |
3 Bedrooms | $760K | $765K | +0.7% |
4 Bedrooms | $954K | $910K | -4.6% |
5+ Bedrooms | $1.2M | $1.2M | +0.8% |
Summary: Martinez housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
Pleasant Hill | $967K | $1.0M | +3.6% |
Martinez | $760K | $776.8K | +2.2% |
Central Contra Costa | $979.5K | $1.0M | +2.1% |
Briones | $913.5K | $920K | +0.7% |
Housing Supply in Martinez, CA
How many homes are available in Martinez, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
123 | 147 | +19.5% |
Summary: The Martinez real estate market had 147 homes for sale in May 2024, a 19.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 30 | +66.7% |
3 Bedrooms | 62 | 67 | +8.1% |
4 Bedrooms | 34 | 43 | +26.5% |
5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Martinez housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 50 | +38.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Martinez in May 2024, up by 38.9% month-over-month. Of the 43 sold homes, 23% were sold under asking, 14% were sold at asking, and 63% were sold over asking.
Days on Market for Martinez, CA
How long does it take to sell a home in Martinez, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 27 Days | +40.2% |
Summary: Homes in Martinez had an average of 27 days on market in May 2024, up by 40.2% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 50 homes were sold in Martinez; 78% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.