Martin County Single-Family Homes Market Update – August 2026

Martin County Single-Family Homes Real Estate Statistics – August 2026

Martin County’s single-family home market tightened considerably in August 2026, with substantially fewer homes available and properties selling much faster than they did a year ago.

The median sale price reached $656,900, up 13% year-over-year, while active inventory declined 22% and months of supply fell by one-third to just 3.4 months. Homes also spent 27% less time on the market.

However, transaction activity moved in the opposite direction. Closed sales declined 11% and pending sales fell 7%, creating an important contrast in this month’s numbers.

Martin County has become a much tighter single-family market, but fewer transactions are taking place.

Here’s a closer look at the August numbers.

Market Breakdown – August 2026 vs. August 2025

Median Sale Price: $656,900

📈 Up 13% year-over-year

Martin County’s median single-family sale price increased substantially, reaching $656,900 in August.

The 13% year-over-year rise is one of the most eye-catching figures in this month’s report, particularly alongside the significant decline in available inventory.

However, the median price reflects the mix of homes that sold during the month. With only 181 closed transactions, changes in the proportion of higher-priced and lower-priced homes sold can have a noticeable effect on the countywide median.

The figure therefore should not be interpreted as every Martin County single-family home increasing in value by 13%.

Closed Sales: 181 homes

🔻 Down 11% year-over-year

Closed sales declined 11% compared with August 2025.

This is an important counterpoint to the increase in the median sale price. Although supply has tightened substantially, fewer purchases were completed during the month.

Reduced inventory may be limiting buyers’ options, while affordability, financing costs, insurance and individual seller expectations can all affect transaction activity.

Active Inventory: 644 homes

🔻 Down 22% year-over-year

There were 22% fewer single-family homes available for sale than there were a year ago.

With just 644 active listings across Martin County, buyers are operating with considerably less choice.

That reduction in competition between sellers is one of the strongest factors currently shaping the county’s single-family market.

Pending Sales: 175 contracts

🔻 Down 7% year-over-year

Pending sales declined 7%, indicating that softer transaction activity was not limited to homes that had already closed.

Because pending sales provide some insight into transactions potentially moving toward closing, this will be an important figure to monitor in the coming months.

If pending activity remains below last year’s level, closed sales could continue to be restrained even with inventory remaining tight.

Months of Inventory: 3.4 months

🔻 Down 33% year-over-year

Martin County had just 3.4 months of single-family home inventory available in August.

That is one-third lower than a year ago and puts the county firmly on the seller-favored side of the market from a supply perspective.

Buyers have fewer alternatives when an attractive home becomes available, particularly within sought-after neighborhoods and price ranges.

Days on Market: 56 days

🔻 Down 27% year-over-year

Homes that sold in August moved considerably faster than they did last year.

Days on market fell 27% to 56 days, one of the largest year-over-year changes in this month’s report.

This creates another interesting contrast: fewer homes are selling overall, but the properties that do sell are moving much faster.

That suggests buyers are distinguishing carefully between homes that offer compelling value and those that do not.

New Listings: 192 homes

🔻 Down 7% year-over-year

New listings declined 7%, making it more difficult for Martin County’s depleted inventory to rebuild.

With active inventory already down 22%, continued weakness in new listing activity could keep supply constrained as the market moves into the final months of the year.

What This Means for You

Buyers

Martin County single-family buyers face a relatively tight market, with just 3.4 months of available supply.

There are 22% fewer active listings than there were a year ago, and homes that successfully sell are moving considerably faster.

That means buyers should be prepared when a well-priced property matching their needs becomes available.

However, the declines in both closed and pending sales suggest buyers are not purchasing indiscriminately. There may still be room to negotiate on properties that are overpriced, need substantial work or have spent longer than expected on the market.

Sellers

The supply picture is favorable for Martin County sellers.

Inventory is down 22%, months of supply has fallen 33%, and homes are selling 27% faster than they did last year. The median sale price was also substantially higher in August.

However, closed sales declined 11% and pending sales fell 7%.

That makes pricing especially important. Limited inventory can reduce competition from other sellers, but it does not guarantee that buyers will accept an ambitious asking price.

Homes that are well-presented and positioned appropriately for their specific neighborhood and price range are likely to be best placed to benefit from current conditions.

Investors

Martin County’s declining single-family inventory creates an interesting environment for investors, particularly those focused on longer-term ownership.

Scarcity can support desirable properties, but the decline in sales and pending activity makes disciplined purchasing essential.

Investors should consider the complete cost of ownership, including purchase

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