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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Martin County is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

Martin County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$24,250(+19.3%)

Key Takeaway

Homes in Martin County have sold for 19.3% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $144.9K-
N/A
2 $70.5K$104K
+47.5%
3 $133K$166.9K
+25.5%
4 $180K$203.7K
+13.2%
5+ $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
+19.3%
Beaufort County
+10.1%
Pitt County
+3.4%

Housing Supply in Martin County, NC

How many homes are available in Martin County, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5865+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

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 1114
+27.3%
3 3134
+9.7%
4 89
+12.5%
5+ 77
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 2024Feb 2024CHANGE
413+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Martin County, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
59 Days58 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

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 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Martin County, NC

Nearby Markets to Martin County, NC

What housing markets are near Martin County, NC?