May 2025
MARTIN COUNTY MARKET UPDATE
In May 2025, Martin County’s housing market continued to evolve with rising inventory levels and reduced buyer activity. Price trends varied between property types, with single-family homes appreciating and townhouse/condo values declining, reflecting a shift in demand and affordability.
Martin County Single Family Home
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Closed Sales: 188 (↓8.7% YoY)
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Median Sale Price: $609,500 (↑6.2% YoY)
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Active Inventory: 1,008 (↑40% YoY)
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Months' Supply of Inventory: 6.4 months (↑4.4 months YoY)
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New Listings: 221 (↓19% YoY)
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New Pending Sales: 158 (↓13% YoY)
The single-family home market saw rising prices despite a slowdown in sales and fewer new listings. Inventory surged, creating more opportunities for buyers and signaling longer market times ahead.
Martin County Townhouses and Condos
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Closed Sales: 84 (↓27% YoY)
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Median Sale Price: $265,000 (↓12% YoY)
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Active Inventory: 730 (↑30% YoY)
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Months' Supply of Inventory: 9.6 months (↑6.4 months YoY)
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New Listings: 111 (↓28% YoY)
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New Pending Sales: 77 (↓25% YoY)
The townhouse and condo segment cooled significantly, with sharp drops in sales and pending contracts. Price declines and higher inventory suggest increasing pressure for sellers in this segment.
