Is Martinez, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$775,000
$497/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Martinez was $775,000 in March 2024, down 3% from last year, and the median price per square foot was $497.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $357.5K | $377K | +5.5% |
2 Bedrooms | $520K | $510K | -1.9% |
3 Bedrooms | $777.5K | $760K | -2.3% |
4 Bedrooms | $1.0M | $925K | -7.5% |
5+ Bedrooms | $1.2M | $1.2M | 0.2% |
Summary: Martinez housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
Briones | $912K | $936.5K | +2.7% |
Central Contra Costa | $1.0M | $983.6K | -1.7% |
Pleasant Hill | $995.8K | $977.5K | -1.8% |
Martinez | $799.2K | $775K | -3.0% |
Housing Supply in Martinez, CA
How many homes are available in Martinez, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
73 | 89 | +21.9% |
Summary: The Martinez real estate market had 89 homes for sale in March 2024, a 21.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 33 | 47 | +42.4% |
4 Bedrooms | 19 | 22 | +15.8% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Martinez housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 42.4%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 25 | +8.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Martinez in March 2024, up by 8.7% month-over-month. Of the 25 sold homes, 16% were sold under asking, 16% were sold at asking, and 68% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
15 Days | 24 Days | +62.9% |
Summary: Homes in Martinez had an average of 24 days on market in Mar 2024, up by 62.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in Martinez; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.