Is Martin County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Martin County was a Seller's Market.
Housing Prices in Martin County, FL
How much do homes in Martin County, FL cost?
Median Sold Price
$476,555
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Martin County was $476,555 in April 2024, up 8.3% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $149.9K | -14.3% |
2 Bedrooms | $306.6K | $330.5K | +7.8% |
3 Bedrooms | $485.1K | $516.7K | +6.5% |
4 Bedrooms | $800K | $808.3K | +1.0% |
5+ Bedrooms | $1.1M | $1.0M | -7.2% |
Summary: Martin County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 7.2%.
Median Sold Price Compared To Nearby Counties
Palm Beach County | $444K | $481.9K | +8.6% |
Martin County | $439.9K | $476.5K | +8.3% |
Saint Lucie County | $374.9K | $383.1K | +2.2% |
Okeechobee County | $255K | $249.9K | -2.0% |
Housing Supply in Martin County, FL
How many homes are available in Martin County, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,158 | 1,222 | +5.5% |
Summary: The Martin County real estate market had 1,222 homes for sale in April 2024, a 5.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 52 | 56 | +7.7% |
2 Bedrooms | 431 | 456 | +5.8% |
3 Bedrooms | 404 | 427 | +5.7% |
4 Bedrooms | 189 | 197 | +4.2% |
5+ Bedrooms | 82 | 86 | +4.9% |
Summary: The Martin County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 4.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
198 | 169 | -14.6% |
Asking Price vs. Sold Price
132 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 169 homes were sold or pending in Martin County in April 2024, down by 14.6% month-over-month. Of the 169 sold homes, 78% were sold under asking, 18% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 58 Days | +3.7% |
Summary: Homes in Martin County had an average of 58 days on market in Apr 2024, up by 3.7% compared to last year.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
41 Homes Were Sold
Over 90 Days
Summary: During April 2024, 169 homes were sold in Martin County; 47% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.