March 2025
MARTIN COUNTY MARKET UPDATE
The Martin County housing market in March 2025 reflected slower buyer activity combined with growing inventory levels. Home prices for single-family properties remained resilient, while the townhouse and condo market experienced price softening. Here's a closer look at the latest figures:
Martin County Single Family Home
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Closed Sales: 173 (down 8.0% year-over-year)
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Median Sales Price: $590,000 (up 2.6% year-over-year)
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Active Inventory: 1,005 homes (up 45% year-over-year)
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Months Supply of Inventory: 6.2 months (up from 4.2 months a year ago)
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New Listings: 272 (up 6.7% year-over-year)
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New Pending Sales: 187 (down 15% year-over-year)
The single-family home market in Martin County saw a moderate decline in closed sales but maintained price growth, reflecting a market that favors buyers with more inventory choices and slightly slower transaction activity.
Martin County Townhouses and Condos
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Closed Sales: 94 (down 14% year-over-year)
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Median Sales Price: $267,000 (down 15% year-over-year)
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Active Inventory: 784 units (up 51% year-over-year)
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Months Supply of Inventory: 10.0 months (up from 6.0 months a year ago)
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New Listings: 156 (up 9.9% year-over-year)
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New Pending Sales: 119 (no change year-over-year)
The Martin County townhouse and condo sector saw a notable pullback in pricing and closed sales, even as inventory climbed sharply. Despite greater options for buyers, stabilized pending sales suggest steady, cautious interest in the market.
