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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Martin County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Martin County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Martin County, NC

How much do homes in Martin County, NC cost?

Median Sold Price

$154,000

$94/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$21,000(+15.8%)

Key Takeaway

Homes in Martin County have sold for 15.8% more than they did a year ago.

Summary: The median home sold price in Martin County was $154,000 in May 2024, up 15.8% from last year, and the median price per square foot was $94.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $144.9K$105K
-27.6%
2 $76K$121.2K
+59.5%
3 $135K$165.4K
+22.6%
4 $177K$199K
+12.4%
5+ $85K$111K
+30.6%

Summary: Martin County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.6%, 2 bedroom homes increased by 59.5%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 30.6%.

Median Sold Price Compared To Nearby Counties

Martin County
+15.8%
Beaufort County
+8.2%
Pitt County
+2.3%

Housing Supply in Martin County, NC

How many homes are available in Martin County, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7568-9.3%

Summary: The Martin County real estate market had 68 homes for sale in May 2024, a 9.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 21
-50.0%
2 127
-41.7%
3 4646
0.0%
4 119
-18.2%
5+ 45
+25.0%

Summary: The Martin County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 41.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Apr 2024May 2024CHANGE
14140.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Martin County, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Martin County in May 2024, the same as the previous month. Of the 14 sold homes, 79% were sold under asking, 7% were sold at asking, and 14% were sold over asking.

Days on Market for Martin County, NC

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

Average Sale Time

May 2023May 2024CHANGE
43 Days53 Days+21.2%

Summary: Homes in Martin County had an average of 53 days on market in May 2024, up by 21.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 14 homes were sold in Martin County; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Martin County, NC

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What housing markets are near Martin County, NC?