Martin County Monthly Market Snapshot
Martin County’s single-family home market posted a increase in closed sales this October, even as prices eased slightly. Closed sales rose to 175, up 30.6% from 134 in October 2024, showing strong buyer demand heading into the final quarter of the year.
The median sale price slipped to $600,000, a 2.4% decline from $615,000 a year ago, while the average sale price fell more steeply to $689,020, down 28.1%. That shift in the average price suggests fewer ultra-high-end sales compared to last year, even as overall activity picked up. Dollar volume came in at $120.6 million, a 6.1% decrease year-over-year, reflecting that mix of more sales at slightly lower price points.
“Martin County is seeing a very active fall market,” says Jonathan Lickstein, President of the Broward, Palm Beaches & St. Lucie Realtors®. “Closed sales are up more than thirty percent, prices have eased just slightly, and homes are actually moving faster than they were a year ago. Buyers are clearly engaged, but so are sellers. That’s where working with a local Realtor® makes the difference. From pricing strategy to negotiation, a Realtor® can help you read this shifting market and make confident decisions.”
Inventory rose to 826 active listings, a 7.7% increase, and months’ supply of inventory edged up to 5.0, up 4.2% year-over-year and hovering right around a more balanced market level. Notably, homes moved faster than they did a year ago. Median time to contract improved to 56 days, down 5.1% from 59 days, and median time to sale shortened to 91 days, a 10.8% decrease from 102 days last October.
