By david horine
•
March 19, 2025
Martin County Real Estate Market Insights The real estate market in Martin County continues to report robust growth and rising property value. For 2025, the single-family detached residence market recorded 115 closed transactions, a 7.5% rise from the previous year. The median selling price increased to $619,000, a rise of 8.6%, and the average selling price jumped 22.5%, to $1,253,871. Cash deals are still big, with 56 properties bought in cash, up 7.7% from 2024. Sales dollar volume zoomed to $144.2 million, 31.7% higher on a year-on-year basis, highlighting the aggressive demand in the region. The median time to buy went up slightly to 52 days, and the median time to sell increased to 92 days. Inventory levels also rose sharply, with active listings increasing by 40.3% to 892 homes. New listings, on the other hand, increased by 28%, with 325 new homes entering the market. In spite of these gains, new pending sales increased by a marginal 4.1%, while pending inventory increased by 2%, reflecting a consistent stream of transactions. The inventory month supply also grew to 5.4 months, up 38.5%, reflecting a movement toward a balanced market. With increasing costs and growing inventory, Martin County is still a market that both buyers and sellers want to be in. If you are looking to purchase or sell a house within the area, now is the perfect time to seek out your opportunities. Call Now!