Martin County Housing Market Report December 2024•Martin County, Florida

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Housing Prices in Martin County, FL

How much do homes in Martin County, FL cost?

Housing Market Conditions

Is Martin County, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Martin County is a Buyer's Market

Difference Since December 2023

At the same time last year, Martin County was a Seller's Market.

Insight

Martin County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$480,448$283/SqFt
+$12,406
+2.7%

Based on all homes sold in the last 12 months

Insight

Homes in Martin County have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Martin County was $480,448 in December 2024, up 2.7% from last year, and the median price per square foot was $283.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Okeechobee County
+9.1%
Palm Beach County
+8.5%
Martin County
+2.7%
Saint Lucie County
+1.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$175K$155.2K
-11.3%
2$321.5K$324K
+0.8%
3$506.2K$510.7K
+0.9%
4$810.8K$790K
-2.6%
5$1.1M$1.0M
-7.7%

Summary: Martin County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -11.3%. The home price for 2 bedroom homes increased by +0.8%. The home price for 3 bedroom homes increased by +0.9%. The home price for 4 bedroom homes decreased by -2.6%. The home price for 5 bedroom homes decreased by -7.7%.

Housing supply in Martin County, FL

How many homes are available in Martin County, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
1,250Last MonthDec 2024
1,1702 months agoNov 2024
+6.8 %
Change MoMNov – Dec

Summary: The Martin County real estate market had 1,250 homes for sale in Dec 2024, a 6.8 % increase compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
131Last MonthDec 2024
1262 months agoNov 2024
+4.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
14242
0.0%
2414449
+8.5%
3433471
+8.8%
4197199
+1.0%
58489
+6.0%

Summary: Martin County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +8.5%. The inventory for 3 bedroom homes increased by +8.8%. The inventory for 4 bedroom homes increased by +1.0%. The inventory for 5 bedroom homes increased by +6.0%.

Asking Price vs. Sold Price

How much do homes in Martin County, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price5 Homes

At Asking Price16 Homes

Under Asking Price110 Homes

Insight

If you're buying a home in Martin County, you may be able to get a good deal. 84% of homes here sold below asking price last month.

Summary: A total of 131 homes were sold or pending in Martin County in December 2024, up by 4.0% month-over-month. Of the 131 sold homes, 84% were sold under asking, 12% were sold at asking, and 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?

Breakdown of Home Sale Times

Under 30 Days58 Homes

30 – 90 Days35 Homes

Over 90 Days38 Homes

Insight

Many homes in Martin County are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 131 homes were sold in Martin County; 44% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
68 DaysThis YearDec 2024
54 Days1 year agoDec 2023
+25.4 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Martin County had an average listing age of 68 days in Dec 2024, up by 25.4% compared to the previous year.

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Newest Listings in Martin County, FL

What homes are available in Martin County, FL?

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Based on information from Beaches MLS, Miami MLS, Stellar MLS, realMLS, and Space Coast MLS for the period 01/01/2023 - 01/01/2025

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Last updated on: 1/17/2025, 10:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 1/17/2025, 10:19:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by other brokerage firms are marked with the listing broker's name and detailed information about such listings. Data provided is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:21:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Copyright © 2025 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
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Last updated on: 1/17/2025, 10:21:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.