Is Martin, GA 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, Martin has remained a Buyer's Market.
Key Takeaway
Martin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Martin, GA
How much do homes in Martin, GA cost?
Median Sold Price
$318,500
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Martin have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in Martin was $318,500 in March 2024, down 3.5% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $157.5K | -14.9% |
| 2 Bedrooms | $149.9K | $166K | +10.7% |
| 3 Bedrooms | $360K | $325K | -9.7% |
| 4 Bedrooms | $474.7K | $701.2K | +47.7% |
| 5+ Bedrooms | $675K | $450K | -33.3% |
Summary: Martin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.9%, 2 bedroom homes increased by 10.7%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 47.7%, and 5+ bedroom homes decreased by 33.3%.
Median Sold Price Compared To Nearby Cities
| Eastanollee | $220K | $279.9K | +27.2% |
| Rock Creek | $280K | $352K | +25.7% |
| Martin | $302.5K | $312K | +3.1% |
| Martin | $330K | $318.5K | -3.5% |
Housing Supply in Martin, GA
How many homes are available in Martin, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 27 | +35.0% |
Summary: The Martin real estate market had 27 homes for sale in March 2024, a 35.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 1 | 5 | +400.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Martin housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 400%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 2 | -77.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
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 2 homes were sold or pending in Martin in March 2024, down by 77.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 94 Days | +327.3% |
Summary: Homes in Martin had an average of 94 days on market in Mar 2024, up by 327.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Martin are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Martin; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.