Martin County $5 Million+ Detached Home Market Report — July 2026

Martin County’s $5 million-plus detached-home market remained stable with mixed indicators through July 2026.

Sales activity increased when the most recent six months are compared with the prior seven-to-12-month period, while the absorption rate remained steady during the most recent six months. At the same time, active inventory increased, providing buyers with additional choices.

This is a particularly diverse segment of the Martin County real estate market. Properties above $5 million can include oceanfront residences, Intracoastal and riverfront homes, boating properties, and estates situated on substantial acreage. Because of these differences, countywide statistics provide useful market context but do not tell the entire story of an individual property.

Market at a Glance

During the current three-month period:

  • 19 settled sales

  • 6.33 sales per month absorption rate

  • 55 active listings

  • 8.68 months of housing supply

  • $6,900,000 median sale price

  • 102 median sales days on market

  • $7,900,000 median list price

Sales activity has increased when the most recent six months are compared with the prior seven-to-12-month period. Median sale and listing prices have remained generally stable overall.

The primary counterbalance is inventory. Active listings increased from 39 during the prior seven-to-12-month period to 55 during the current three months. Months of housing supply increased to 8.68 months, the highest of the three periods analyzed.

Appraiser’s Perspective

Thomas J. Dunphy III, State-Certified Residential Real Estate Appraiser RD8755

The market data indicates a stable market with mixed indicators.

The prior seven-to-12-month period recorded 29 settled sales, representing an absorption rate of 4.83 sales per month. The following four-to-six-month period recorded 19 sales, and another 19 sales occurred during the current three-month period. The absorption rate was 6.33 sales per month during both of the more recent periods.

Active inventory, however, increased from 39 listings during the prior seven-to-12-month period to 42 and then 55 during the current three months. Months of housing supply moved from 8.07 months to 6.63 months before increasing to 8.68 months.

Median sale prices were $6.9 million, $7.85 million and $6.9 million during the three respective periods. Given the substantial differences among properties within this market segment, the overall pricing data is best characterized as generally stable rather than indicating a clear directional price trend.

Marketing time also fluctuated. Median sales days on market moved from 144 days to 72 days and then to 102 days during the current three-month period. Based on the data analyzed, a marketing period of approximately three to six months is not unusual within this segment.

Most importantly, Martin County’s $5 million-plus detached-home category should not be viewed as one uniform market. Waterfront influence, ocean access, acreage, site characteristics, quality, condition, improvements and location can substantially affect how an individual property competes.

Tom the Realtor’s Perspective — For Buyers

Tom Dunphy Realtor
Fulton Grace Realty
Licensed Florida Real Estate Sales Associate

For a buyer, the first step is narrowing down exactly what you are looking for.

Do you want oceanfront? Direct boating access? Several acres? A five- or ten-acre estate? A particular community or section of Martin County?

There may be 55 active listings in the overall $5 million-plus market, but only a fraction of those homes may actually fit a particular buyer’s requirements.

Once we determine the property type and location, I would narrow the analysis to the homes that actually compete with the property you are considering. Recent sales, current listings, property characteristics and market conditions can then be analyzed to develop a competitive, market-supported offer.

The increase in inventory and months of housing supply provides buyers with additional choices. However, I would still remain vigilant. Median marketing time was 102 days during the current three months, but it was only 72 days during the preceding period.

If the right property becomes available, we want to understand its market position and be prepared to act.

Tom the Realtor’s Perspective — For Sellers

Tom Dunphy Realtor
Fulton Grace Realty
Licensed Florida Real Estate Sales Associate

At this price level, selling begins with understanding both the property and the owner’s objectives.

The first step is identifying the property's actual competitive market. An oceanfront residence, boating property and ten-acre estate may all sell above $5 million, but they are not necessarily competing for the same buyer.

Then there is another consideration that can become particularly important in this segment:

How much exposure does the seller actually want?

Some owners want broad market exposure. Others place considerable importance on privacy and discretion. An owner at this price level could be a business executive, public figure, individual with substantial wealth or even a billionaire who does not want their residence or personal circumstances broadly publicized.

The marketing strategy should reflect the seller’s wishes.

That means discussing how the property will be presented, who will have access, how inquiries and showings will be handled, and whether the seller prefers broad exposure or a more controlled marketing approach.

The objective is not simply maximum exposure.

It is the appropriate exposure for that particular property and seller.

Current conditions make market positioning important as well. Sales continue to occur, but buyers have additional inventory from which to choose. Pricing and marketing should therefore be developed around the property's actual competitive market rather than relying solely on the overall $5 million-plus countywide statistics.

One of Southeast Florida Real Estate’s Best-Kept Secrets

Martin County offers a combination that can be difficult to duplicate elsewhere in Southeast Florida.

Oceanfront and waterfront residences, boating access, substantial acreage and estate properties can all be found within the county, offering buyers a wide range of residential options while remaining connected to the Palm Beaches and the rest of Southeast Florida.

For buyers looking beyond the more densely developed markets farther south—and for owners considering selling within this specialized segment—Martin County is a market worth watching.

Follow Tom’s Market Updates at TomDunphySellsRealEstate.com for ongoing real estate market reports covering Martin County, St. Lucie County, Palm Beach County and communities throughout Southeast Florida.

Explore More Southeast Florida Real Estate Market Reports

Real estate conditions can vary substantially by county, city, property type, waterfront influence and price range.

Explore additional Tom’s Market Updates for detached homes, condominiums and specialized upper-tier market segments throughout Southeast Florida.

Whether you are researching Martin County, St. Lucie County, Palm Beach County or an individual community, looking at the market at the appropriate geographic and property-specific level can provide a clearer picture than countywide statistics alone.

Thinking About Buying or Selling?

Whether you're considering a Martin County waterfront residence, acreage property, estate or another $5 million-plus home, the analysis should begin with the specific market in which that property competes.

For buyers, that means identifying the right property and understanding its competitive market before developing an offer.

For sellers, it means establishing a market-supported strategy while also determining the level of marketing exposure and privacy that fits your individual objectives.

Tom Dunphy Realtor
Fulton Grace Realty
Licensed Florida Real Estate Sales Associate

Important Disclosures & Disclaimer

Appraisal Services: Market commentary identified as the Appraiser’s Perspective represents general market analysis by Thomas J. Dunphy III, State-Certified Residential Real Estate Appraiser RD8755. It is provided for informational purposes only and is not an appraisal, appraisal review, restricted appraisal report, broker price opinion, comparative market analysis or opinion of value for any specific property. An appraisal assignment requires property-specific research and analysis, identification of the intended use and intended user, and compliance with applicable appraisal standards and assignment requirements.

Real Estate Brokerage Services: Commentary identified as Tom the Realtor’s Perspective is provided in the capacity of a Florida licensed real estate sales associate with Fulton Grace Realty and is separate from appraisal services. Buyer and seller strategies discussed in this report are general in nature and may not apply to a particular property or transaction.

Market Data: Market statistics presented in this report are based on data from Martin County Realtors of the Treasure Coast MLS analyzed with an effective date of July 31, 2026. Market conditions and available inventory can change. Individual properties and individual market segments may perform differently from broader market statistics.

No Property-Specific Valuation: Nothing contained in this market report should be interpreted as an appraisal or as an opinion of the market value, listing price, offering price or anticipated sale price of any specific property.

Equal Housing Opportunity.