Martin Housing Market Report December 2024•Allegan County, Michigan

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Housing Prices in Martin, MI

How much do homes in Martin, MI cost?

Housing Market Conditions

Is Martin, MI 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 is a Seller's Market

Difference Since November 2024

Last month, Martin has remained a Seller's Market.

Insight

Martin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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.
$310,000$191/SqFt
+$120,000
+63.2%

Based on all homes sold in December 2024

Insight

Homes in Martin have sold for 63.2% more than they did a month ago.

Summary: The median home sold price in Martin was $310,000 in December 2024, up 63.2% from last month, and the median price per square foot was $191.

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 MoM
Martin Township
+63.2%
Martin
+63.2%

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.
BedsNov 2024Dec 2024Change MoM
1--
N/A
2--
N/A
3$190K$554.5K
+191.8%
5--
N/A
4-$290K
N/A

Summary: Martin housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +191.8%. The home price for 5 bedroom homes did not change. The home price for 4 bedroom homes did not change.

Housing supply in Martin, MI

How many homes are available in Martin, MI?

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
5Last MonthDec 2024
52 months agoNov 2024
0.0 %
Change MoMNov – Dec

Summary: The Martin real estate market had 5 homes for sale in Dec 2024, the same as 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
3Last MonthDec 2024
12 months agoNov 2024
+200.0 %
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
100
0.0%
200
0.0%
344
0.0%
500
0.0%
411
0.0%

Summary: Martin 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 remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Martin, MI 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 Price1 Home

At Asking Price1 Home

Under Asking Price1 Home

Insight

If you're buying a home in Martin, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Martin in December 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and and 33% were sold over asking.

Days on Market for Martin, MI

How long does it take to sell a home in Martin, MI?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days2 Homes

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Martin has remained consistent over time.

Summary: During December 2024, 3 homes were sold in Martin; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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.
Last Month1 month agoChange MoM
26 DaysLast MonthDec 2024
5 Days1 month agoNov 2024
+420.0 %
Change MoMNov – Dec

Summary: Homes in Martin had an average listing age of 26 days in Dec 2024, up by 420.0% compared to the previous month.

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Newest Listings in Martin, MI

What homes are available in Martin, MI?

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MLS Disclaimers and Copyright

Based on information from Michigan Regional Information Center LLC, for the period 11/01/2024 - 01/01/2025

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 3:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.