Martin County Real Estate Market Insights: June 2025

Year-Over-Year Growth in Dollar Volume

In June 2025, the real estate market in Martin County showcased a 12% increase in single-family home dollar volume, reaching $181 million compared to the same month last year. This marks a significant milestone, reflecting a robust interest in the area.

“Martin County and Stuart real estate offers that small-town charm with big-city access,” stated Ginenne Boehm, the 2025 JTHS-MIAMI President.

Key Highlights:

• Single-family homes: Rose by 12% to $181 million.
• Existing condo prices: Declined by 10%, from $289,000 to $260,000.
• Single-family home median prices: Increased by 3.68%, from $625,000 to $648,000.

New Construction Report Announced

The MIAMI Association of Realtors will unveil its innovative New Construction Data Report on July 28. This first-of-its-kind report will emphasize new condominium sales, providing comprehensive data that meets the growing demand for tracking international buyer activity in South Florida.

• South Florida’s new construction market is one of the most dynamic in the U.S. However, current monthly statistics may not account for many new condominium sales due to reporting gaps.

Understanding Martin County Sales Trends

The market experienced a 4.5% decrease in total sales year-over-year, down from 264 to 252 transactions. Specifically:

• Single-family home sales: Fell by 2.21%, from 181 to 177.
• Affordable condo sales: Increased by 25%, with transactions between $400K and $600K rising to 10.

Despite lower overall sales, the luxury segment remains promising, as MIAMI REALTORS® Chief Economist Gay Cororaton highlighted. “Once mortgage rates head towards the low 6%, sales will pick up.”

Mortgage Trends and Economic Impact

Current mortgage rates average around 6.75%, impacting buyer behavior. If rates decline further, the National Association of Realtors (NAR) predicts an additional 160,000 renters might transition to homeownership.

• Economic impact of a typical Florida home sale: Approximately $129,000.
• Economic contribution from Martin County sales in June 2025: $32.5 million from 252 homes sold.

Inventory and Market Balance

At the end of June 2025, the inventory of active listings surged by 30.2% year-over-year:

• Single-family homes: Up 29.16% from 727 to 939 listings.
• Condominiums: Increased 31.64%, from 531 to 699.

Market Condition:

• Single-family homes: 5.9-month supply, indicating a seller’s market.
• Condominiums: 9.3-month supply, indicating a buyer’s market.

Appreciation Rates and Distressed Sales

Martin County’s real estate continues to outperform many areas in price appreciation:

• Zero distressed sales were reported in Martin County for June 2025, reflecting a healthy market compared to the national average of 3%.

Comparative Analysis:

• Florida’s statewide closed sales: Increased by 2.8% year-over-year.
• Nationally: Total existing-home sales decreased by 2.7% month-over-month.

Conclusion

The unfolding trends in Martin County paint a promising picture for potential buyers and investors. From rising single-family home dollar volume to an uptick in affordable condo sales, the area continues to thrive amidst a shifting economy. Armed with invaluable insights, stakeholders can better navigate this evolving landscape.

To stay updated on Martin County’s dynamic real estate market, explore additional resources from the MIAMI Association of REALTORS®.