Is Martin County, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Martin County is a buyer's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Martin County was a Seller's Market.

Key Takeaway

Martin County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Martin County, FL

How much do homes in Martin County, FL cost?

Median Sold Price

$478,666

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$37,303(+8.5%)

Key Takeaway

Homes in Martin County have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Martin County was $478,666 in June 2024, up 8.5% from last year, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $175K$149K
-14.9%
2 $304K$327.6K
+7.8%
3 $484.6K$515.4K
+6.4%
4 $777.3K$804.2K
+3.5%
5+ $1.1M$1.1M
-4.3%

Summary: Martin County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.9%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 4.3%.

Median Sold Price Compared To Nearby Counties

Palm Beach County
+9.3%
Martin County
+8.5%
Saint Lucie County
+2.7%
Okeechobee County
+1.6%

Housing Supply in Martin County, FL

How many homes are available in Martin County, FL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
1,2311,260+2.4%

Summary: The Martin County real estate market had 1,260 homes for sale in June 2024, a 2.4% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 4744
-6.4%
2 416435
+4.6%
3 453475
+4.9%
4 222220
-0.9%
5+ 9386
-7.5%

Summary: The Martin County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.4%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 7.5%.

Number of Homes Sold

May 2024Jun 2024CHANGE
197153-22.3%

Asking Price vs. Sold Price

124 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Martin County, you may be able to get a good deal. 81% of homes here sold below asking price last month.

Summary: A total of 153 homes were sold or pending in Martin County in June 2024, down by 22.3% month-over-month. Of the 153 sold homes, 81% were sold under asking, 15% were sold at asking, and 4% were sold over asking.

Days on Market for Martin County, FL

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

Average Sale Time

Jun 2023Jun 2024CHANGE
43 Days60 Days+37.5%

Summary: Homes in Martin County had an average of 60 days on market in Jun 2024, up by 37.5% compared to last year.

Breakdown of Home Sale Times

67 Homes Were Sold
Under 30 Days

53 Homes Were Sold
In 30 - 90 Days

33 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 153 homes were sold in Martin County; 44% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 22% 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 19 Days Ago

Newest Listings in Martin County, FL

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