Martin County Real Estate Market Update: Summer 2026 (Stuart, Palm City & Hobe Sound)
By Cibie Cahur, The Cahur Group at Keller Williams Realty | Palm Beach & Martin County, FL | Published July 31, 2026
Quick answer: As of May 2026 — the most recent month with released MLS figures — Martin County’s single-family homes carried a median sale price of $648,500, up 6.4% year over year, on just 4.1 months of supply (MIAMI REALTORS® + RWorld / BeachesMLS, released June 2026). That’s a seller-leaning market that still prices below neighboring Palm Beach County’s $675,000 single-family median. Q3 isn’t finished yet, so here’s what the freshest numbers say for buyers and sellers in Stuart, Palm City, and Hobe Sound this summer.
Key Takeaways
- Single-family prices are still climbing. Martin County’s single-family median reached $648,500 in May 2026, up 6.4% from a year earlier (MIAMI REALTORS® + RWorld).
- It’s a seller’s market for houses, a balanced one for condos. Single-family supply sits at 4.1 months; condos at 6.5 months (MIAMI Realtors, May 2026).
- Inventory keeps tightening. Total active listings fell 23.3% year over year to 1,333 (MIAMI Realtors, May 2026).
- Homes still move quickly. Single-family homes went under contract in a median 43 days, closing at 94% of original list price (MIAMI Realtors, May 2026).
- Martin still costs less than Palm Beach. Its $648,500 median sits below Palm Beach County’s $675,000, and buyers often get more land and a quieter pace for the money.
- Condos are the soft spot. The condo median slipped 5.66% to $250,000 (MIAMI Realtors, May 2026).
What’s happening in the Martin County housing market this summer?
Prices are still rising on the single-family side. Martin County’s single-family median hit $648,500 in May 2026 — a 6.4% year-over-year gain — while total home sales climbed 12.1% to 305 closings (MIAMI REALTORS® + RWorld, released June 2026). Demand is holding even with a 30-year fixed mortgage rate near 6.44% (Freddie Mac, May 2026).
Here’s the part most “summer market” recaps skip: it’s mid-July, and the freshest complete data runs through May 2026, not a finished third quarter. So treat this as a summer checkpoint on the latest released month, not a closed Q3 report. And one blended number won’t tell you what’s really going on — Martin County has split into two markets. Single-family values rose 6.4%, but the condo median fell 5.66% to $250,000 over the same stretch (MIAMI Realtors, May 2026). Houses and condos are moving in opposite directions, and the average of the two hides both stories.
By the numbers: Martin County single-family median sale price was $648,500 in May 2026, up 6.40% from $609,500 a year earlier; total sales rose 12.1% (from 272 to 305); single-family dollar volume increased 1.5% to $201 million (MIAMI REALTORS® + RWorld / BeachesMLS, May 2026 statistics, released June 16, 2026).
How much do homes cost in Stuart, Palm City, and Hobe Sound right now?
It depends heavily on the town. Palm City is the priciest of Martin’s mainland communities, with a median around $723,500 in May 2026, while Hobe Sound sat near $489,000 and the city of Stuart around $307,000 on a condo-heavy sales mix (Redfin, timeframes as noted below). Those town medians swing on thin monthly volume, so read them as snapshots, not trends.
| Area (Redfin) | Median sale price | As of | Median days on market | Notes |
|---|---|---|---|---|
| Palm City | ~$723,500 | May 2026 | ~74 | Priciest mainland town; single-family, low volume |
| Stuart (city limits) | ~$307,000 | 3 mo. ending May 2026 (+8.3% YoY) | ~93 | Condo-weighted mix; South Stuart houses (34997) run closer to $500K |
| Hobe Sound | ~$489,000 | 3 mo. ending May 2026 (−10% YoY) | ~85 | Cooling; roughly 60% of listings cut price |
| Jensen Beach | ~$425,000 | 3 mo. ending May 2026 (−10.7% YoY) | ~57 | Coastal; median swings on volume |
Here’s what the county median hides: the “Stuart” figure most sites publish covers the incorporated city limits, where condos and townhomes weight the number down to about $307,000. Drive a few minutes into South Stuart’s single-family neighborhoods — ZIP 34997 — and the median jumps closer to $500,000 (Redfin, retrieved July 2026). Same city name, very different price tag. Smaller waterfront pockets like Sewall’s Point trade too few homes in any given month to read a reliable median at all, which is exactly why an experienced local agent matters more than a citywide average. Our guides to Stuart real estate in Martin County and the Hobe Sound market break down the neighborhoods behind these numbers.
By the numbers: As of mid-2026, Redfin put Palm City’s median near $723,500 (about 74 days on market), Hobe Sound near $489,000 (down about 10% year over year), the city of Stuart at roughly $307,000 (up 8.3%), and Jensen Beach near $425,000 (down 10.7%) — each based on limited monthly sales (Redfin city market pages, retrieved July 15, 2026).
How does Martin County compare to Palm Beach County?
Lower prices, similar speed. Martin County’s single-family median of $648,500 ran about $26,500 under Palm Beach County’s $675,000 in May 2026, and both counties sat at a tight 4.1 months of single-family supply (MIAMI REALTORS® + RWorld, May 2026). Homes went under contract in a median 43 days in Martin versus 40 in Palm Beach — close to the same pace.
The bigger contrast is scale and cost of ownership. Palm Beach County closed thousands of homes in May; Martin County closed 305 across every price point (MIAMI Realtors, May 2026), which is part of why Martin feels quieter and less crowded. If you’re weighing the two markets side by side, our deeper look at investing in Palm Beach County vs. Martin County walks through the trade-offs.
By the numbers: May 2026 single-family medians were $648,500 in Martin County (+6.40%) and $675,000 in Palm Beach County (+5.47%); both counties held 4.1 months of single-family supply (MIAMI REALTORS® + RWorld, May 2026).
Is Martin County a buyer’s or seller’s market in summer 2026?
Both, depending on what you’re buying. Single-family homes are firmly a seller’s market — 4.1 months of supply, active house listings down 24.9% year over year to 757, and sellers collecting 94% of original list price (MIAMI REALTORS® + RWorld, May 2026). A market under six months of supply favors sellers, and Martin’s houses are well under that line.
What one headline number won’t tell you: the condo side tells a different story. Condo supply sits at 6.5 months — squarely balanced — the condo median fell 5.66% to $250,000, and condos are closing at 90% of list after a median 78 days to contract (MIAMI Realtors, May 2026). So a buyer chasing a house faces competition and firm prices, while a buyer open to a condo has real negotiating room. Same county, two very different experiences.
By the numbers: Single-family supply was 4.1 months in May 2026 with houses at 94% of list and inventory down 24.9% (from 1,008 to 757 active listings). Condo supply was 6.5 months, with the median down 5.66% to $250,000 and inventory down 21.1% (MIAMI REALTORS® + RWorld, May 2026).
What should buyers do in Martin County this summer?
Come prepared to move. Single-family homes went under contract in a median 43 days and closed at 94% of list price in May 2026 (MIAMI REALTORS® + RWorld), so the well-priced houses don’t sit. With 40.2% of single-family purchases closing in cash, financed buyers are often competing against all-cash offers — strong pre-approval and clean terms matter as much as price.
Your negotiating room lives in two places: condos, where 6.5 months of supply and a softening median give you space to make an offer, and cooling pockets like Hobe Sound, where roughly 60% of listings have cut their asking price (Redfin, mid-2026). If a mortgage payment near 6.44% stretches the budget (Freddie Mac, May 2026), those are the corners of the market worth watching. Not sure what your target home should really cost? Talk with our team before you write an offer.
By the numbers: Cash accounted for 40.2% of Martin County single-family sales and 59% of condo sales in May 2026; single-family homes closed at 94% of original list, condos at 90%. The average 30-year fixed mortgage rate was 6.44% in May 2026 (MIAMI REALTORS® + RWorld; Freddie Mac, via the same May 2026 report).
What should sellers know before listing this summer?
If you’re selling a house, timing is on your side — but pricing still decides everything. Single-family inventory is down 24.9% year over year to 757 active listings, and homes are collecting 94% of original list price at a median 43 days to contract (MIAMI REALTORS® + RWorld, May 2026). Scarcity works in your favor, yet buyers are still holding the line near list, not far above it.
Condo sellers face a tougher room. With 6.5 months of supply, a median down 5.66%, and homes closing at 90% of list, aggressive pricing beats optimistic pricing every time (MIAMI Realtors, May 2026). The lesson for either seller: price to the recent, comparable sales in your own neighborhood, not to last year’s peak or a countywide average. A precise valuation is the difference between a fast contract and a stale listing — see what your home is worth to start.
By the numbers: Martin County single-family active listings fell 24.9% year over year to 757 in May 2026, with houses closing at 94% of original list price in a median 43 days to contract and 86 days to sale. Condos closed at 90% of list on 6.5 months of supply (MIAMI REALTORS® + RWorld, May 2026).
Frequently asked questions
What is the median home price in Martin County right now?
As of May 2026 — the latest released month — the single-family median sale price was $648,500, up 6.4% year over year, while the condo median was $250,000, down 5.66% (MIAMI REALTORS® + RWorld / BeachesMLS). Houses and condos are moving in opposite directions, so the right number depends on what you’re buying.
Is Martin County a buyer’s or seller’s market?
It’s split. Single-family homes are a seller’s market at 4.1 months of supply, while condos are balanced at 6.5 months (MIAMI REALTORS® + RWorld, May 2026). Anything under six months of supply generally favors sellers, so house sellers hold the advantage and condo buyers have more room to negotiate.
How long does it take to sell a home in Martin County?
In May 2026, single-family homes went under contract in a median 43 days and reached closing in a median 86 days, selling at 94% of original list price (MIAMI REALTORS® + RWorld). Condos took longer — a median 78 days to contract and 110 to close, at 90% of list.
Is Martin County cheaper than Palm Beach County?
Yes, at least on price. Martin’s single-family median of $648,500 sat about $26,500 below Palm Beach County’s $675,000 in May 2026 (MIAMI REALTORS® + RWorld). Property-tax rates between the two counties are similar, so the bigger differences are price, pace, and available land.
Are home prices rising or falling in Stuart, Palm City, and Hobe Sound?
They’re mixed. In mid-2026, Palm City’s median ran near $723,500 and the city of Stuart was up 8.3% year over year, while Hobe Sound was down about 10% and Jensen Beach down 10.7% (Redfin, retrieved July 2026). Small-town medians move sharply on a handful of sales, so the county trend is the steadier read.
Will Martin County home prices keep rising in 2026?
Single-family supply is tight — 4.1 months, with active house listings down 24.9% year over year (MIAMI REALTORS® + RWorld, May 2026) — and scarcity tends to support prices. Condos are the exception, softening on 6.5 months of supply. No one can promise a direction, but the single-family fundamentals still favor sellers this summer.
Sources
- MIAMI REALTORS® + RWorld / BeachesMLS — “Martin County Total Home Sales Increase for Second Consecutive Month” (May 2026 statistics) — https://www.miamirealtors.com/2026/06/16/martin-county-total-home-sales-increase-for-second-consecutive-month/ (retrieved 2026-07-15)
- MIAMI REALTORS® + RWorld / BeachesMLS — “Palm Beach County Total Home Sales Climb for Ninth Consecutive Month” (May 2026 statistics) — https://www.miamirealtors.com/2026/06/16/palm-beach-county-total-home-sales-climb-for-ninth-consecutive-month/ (retrieved 2026-07-15)
- Redfin — “Stuart, FL Housing Market” — https://www.redfin.com/city/17631/FL/Stuart/housing-market (retrieved 2026-07-15)
- Redfin — “Palm City, FL Housing Market” — https://www.redfin.com/city/24789/FL/Palm-City/housing-market (retrieved 2026-07-15)
- Redfin — “Hobe Sound, FL Housing Market” — https://www.redfin.com/city/23132/FL/Hobe-Sound/housing-market (retrieved 2026-07-15)
- Redfin — “Jensen Beach, FL Housing Market” — https://www.redfin.com/city/23397/FL/Jensen-Beach/housing-market (retrieved 2026-07-15)
Cibie Cahur is the founder and lead agent of The Cahur Group at Keller Williams Realty, serving Palm Beach and Martin County, Florida. A Top 1% Keller Williams agent from 2017 to 2024, she leads an eight-agent team — including Martin County specialist Krista Gaudio — and works with buyers and sellers in English, Spanish, and French. Reach the team at 561-401-5758.
Thinking about buying or selling in Stuart, Palm City, or Hobe Sound this summer? The Cahur Group tracks the Martin County market street by street and helps buyers and sellers price with confidence. Contact The Cahur Group or find out what your home is worth — call or text 561-401-5758.