Martin County Real Estate Market Update – July 2026

Martin County Real Estate Market Update – July 2026

Martin County’s overall residential real estate market showed considerable strength in July, with the median sale price rising sharply, closed sales increasing, inventory continuing to tighten, and homes selling faster than they did a year ago.

Looking across single-family homes, condos, and townhomes together, July’s numbers point to a market where buyers remain active while the supply of available properties has fallen significantly.

The headline numbers are particularly striking: the overall median sale price increased 14% year-over-year, closed sales rose 17%, and active inventory declined 20%.

Let’s take a closer look.

Market Breakdown – July 2026 vs. July 2025

Median Sale Price: $485,000

📈 Up 14% year-over-year

The overall median sale price rose significantly compared with July 2025.

Because this figure combines multiple property types, the mix of single-family homes, condos, and townhomes sold during the month can influence the median. That’s particularly important this month because Martin County’s individual property segments performed differently.

Nevertheless, combined with rising sales and significantly lower inventory, the overall numbers point to a strong residential market.

Closed Sales: 310 properties

📈 Up 17% year-over-year

Closed sales posted a healthy double-digit increase, showing that buyers remain active across Martin County.

More properties changed hands despite considerably lower inventory, demonstrating continued demand for homes throughout the county.

Active Inventory: 1,327 properties

🔻 Down 20% year-over-year

There were one-fifth fewer residential properties available for sale than there were last July.

This substantial decline in inventory means buyers have fewer choices and is helping create a more competitive environment for well-priced properties.

Pending Sales: 279 contracts

📈 Up 2% year-over-year

Pending sales increased modestly compared with last year. While the gain isn’t as dramatic as the increase in completed sales, it indicates that buyer activity remains steady heading into the remainder of summer.

Months of Inventory: 4.4 months

🔻 Down 33% year-over-year

Martin County’s overall housing supply has tightened dramatically.

At 4.4 months of inventory, the combined residential market is now operating below what is traditionally considered balanced-market territory, giving sellers an advantage in many areas.

Conditions still vary by property type, neighborhood, and price range, so buyers and sellers should look beyond the countywide figure when making decisions.

Days on Market: 52 days

🔻 Down 15% year-over-year

Homes are selling considerably faster than they were last July.

This is another indication of a tightening market, with buyers acting more quickly when appropriately priced properties become available.

New Listings: 318 properties

⏸️ Unchanged year-over-year

The number of new listings was essentially unchanged from last July.

With closed sales increasing 17% and overall inventory declining 20%, the current flow of new properties onto the market has not been enough to rebuild supply.

What This Means for You

Buyers

Martin County has become considerably tighter than it was a year ago. Inventory is lower, homes are selling faster, and overall sales activity has increased.

However, conditions vary considerably between property types. Single-family homes have particularly limited supply, while the condo and townhome market provides a different set of opportunities.

Buyers should focus on recent comparable sales and conditions within the specific community they’re considering rather than relying solely on countywide averages.

Sellers

July’s overall statistics are encouraging for Martin County homeowners considering selling.

Closed sales are up 17%, inventory is down 20%, and homes are selling 15% faster than they were last year. That combination means sellers are facing less competition while buyer activity remains healthy.

Correct pricing remains essential, particularly because conditions can vary substantially between single-family homes and condos or townhomes.

Investors

Martin County continues to offer opportunities across multiple residential property types. Tightening inventory and healthy transaction activity support the area’s long-term appeal.

Investors should still evaluate properties individually, paying close attention to purchase price, rental potential, insurance, taxes, HOA expenses where applicable, and other carrying costs.

Final Thoughts

July’s statistics paint a strong picture for Martin County’s overall residential real estate market.

The median sale price increased 14%, closed sales rose 17%, and active inventory fell 20% compared with July 2025. Homes also sold 15% faster, while months of inventory dropped by one-third to just 4.4 months.

There is an important distinction beneath those overall numbers: Martin County’s single-family and condo/townhome markets are behaving differently, so the combined median shouldn’t be interpreted as meaning every property has appreciated 14%.

What the broader indicators do show is a market with less supply, healthy buyer activity, and faster sales than a year ago.

As we move through the second half of 2026, understanding the specific conditions within each Martin County community and property type will be key for buyers, sellers, and investors looking to make informed real estate decisions.

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