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Martin County Real Estate Market Report | May 2026
The Martin County housing market continues to display strong resilience and upward price momentum as we wrap up the spring season. A tightening of single-family inventory has maintained upward pressure on pricing, keeping the market competitive for buyers and highly favorable for sellers who price strategically.
Here is the breakdown of the key metrics shaping our local market, reflecting single-family home activity through May 2026.
Key Market Metrics at a Glance
| Metric | May 2026 Stat | Market Dynamics & Trend |
| Median List Price Range | $530,000 – $650,000 | Varies by specific neighborhood (e.g., Stuart vs. Palm City or Hobe Sound). Single-family median closed prices hover around $650,000 (up roughly 8% year-over-year). |
| Days on Market (DOM) | 43 to 58 Days | Median time to contract sits at 43 days for highly competitive, turn-key properties, though the broader time-to-close average ranges up to 99 days depending on financing. |
| Active Inventory | ~760 Units | Single-family inventory remains tight, sitting down nearly 25% compared to this time last year. |
| Absorption Rate | 4.2 Months | Reflects a balanced to slightly seller-favored market. Anything under 5 months on the Treasure Coast indicates steady buyer demand drawing down available supply. |
Core Takeaways for the Month
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The Inventory “Lock-In” Effect: Active listings for single-family homes have seen a sharp year-over-year decline. Many homeowners are holding onto existing low mortgage rates, which keeps new inventory from flooding the market and sustains stable pricing.
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A Tale of Two Segments: While the single-family market faces limited supply, the townhome and condominium sector is operating under an entirely different set of rules, showing higher relative inventory levels and offering buyers more negotiating leverage.
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The Cash Factor: Cash remains king on the Treasure Coast. Cash transactions continue to make up a massive chunk of our local market—accounting for nearly 44% of single-family sales and over 56% of condo transactions, keeping local closing momentum high despite broader national mortgage rate fluctuations.
Local Market Insight: Well-located, move-in-ready homes are still attracting near-list price offers (with sellers capturing a median of 94% of original list price). Overpricing in this climate, however, will quickly cause a property to stagnate past the average 43-day contract window.
