February 2025
MARTIN COUNTY MARKET UPDATE
In February 2025, Martin County’s real estate market reflected varying trends across single-family homes and townhouse/condo properties. Inventory levels increased while sales activity slowed, shaping the current landscape for buyers and sellers.
Martin County Single Family Home
Closed Sales: 154 homes sold, down 5.5% from February 2024.
Median Sales Price: Held steady year-over-year at $649,950.
Active Inventory: Increased 43% to 969 homes, offering buyers more options.
Months Supply of Inventory: Rose to 5.9 months from 4.1 months, indicating a more balanced market.
New Listings: Up 4.7% to 290, adding fresh inventory to the market.
New Pending Sales: Decreased 15% to 176, signaling slower buyer activity.
Martin County Townhouses and Condos
Closed Sales: 64 townhouse/condo units sold, down 25% from last year.
Median Sales Price: Declined 1.5% year-over-year to $271,000.
Active Inventory: Jumped 47% to 806 units, providing buyers with more choices.
Months Supply of Inventory: Expanded to 10.1 months, up from 6.3 months, creating favorable conditions for buyers.
New Listings: Increased 20% to 177, boosting available inventory.
New Pending Sales: Fell 3.9% to 99, reflecting a slowdown in buyer demand.
In February 2025, Martin County’s housing market saw higher inventory levels and softer sales activity. Single-family home prices remained steady, but closed sales declined. The townhouse and condo market experienced a sharper slowdown in sales and a slight dip in prices. Growing inventory across both segments is giving buyers more choices and shifting conditions toward a more balanced or buyer-friendly market.
