Is Martin County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Martin County was a Buyer's Market.
Housing Prices in Martin County, NC
How much do homes in Martin County, NC cost?
Median Sold Price
$150,000
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Martin County was $150,000 in February 2024, up 19.3% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $144.9K | - | N/A |
2 Bedrooms | $70.5K | $104K | +47.5% |
3 Bedrooms | $133K | $166.9K | +25.5% |
4 Bedrooms | $180K | $203.7K | +13.2% |
5+ Bedrooms | $80K | $89K | +11.3% |
Summary: Martin County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47.5%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Counties
Martin County | $125.7K | $150K | +19.3% |
Beaufort County | $241.6K | $266K | +10.1% |
Pitt County | $256.1K | $264.8K | +3.4% |
Housing Supply in Martin County, NC
How many homes are available in Martin County, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
58 | 65 | +12.1% |
Summary: The Martin County real estate market had 65 homes for sale in February 2024, a 12.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 14 | +27.3% |
3 Bedrooms | 31 | 34 | +9.7% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Martin County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 13 | +225.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Martin County in February 2024, up by 225.0% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.
Days on Market for Martin County, NC
How long does it take to sell a home in Martin County, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
59 Days | 58 Days | -2.3% |
Summary: Homes in Martin County had an average of 58 days on market in Feb 2024, down by 2.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 13 homes were sold in Martin County; 54% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.