Martinez Real Estate Insights – December 2024

Market Trends, Buyer & Seller Scores, and Actionable Opportunities

Welcome to the Martinez Real Estate Insights – December 2024 report. This update is designed to help real estate professionals and their clients stay ahead with actionable data and key trends.

Martinez’s housing market remains competitive, with steady price appreciation and consistent demand. While sellers continue to benefit from multiple offers, buyers have opportunities to negotiate thanks to stable days on market.

This month’s report includes:

  • Current market trends and their implications.

  • Proprietary Buyer and Seller Scores to guide decision-making.

  • 3 actionable takeaways for your marketing and client conversations.

Market Overview

The Martinez market in December 2024 highlights consistent demand, modest price appreciation, and balanced selling conditions. Sellers maintain leverage, while buyers have opportunities for negotiation on homes with longer days on market.


Key Market Metrics:

  • Median Sale Price: $833,000 (+4.3% YoY)

  • Average Home Value: $786,291 (+2.3% YoY)

  • Median Price Per Square Foot: $518 (+7.9% YoY)

  • Days on Market: 18 days (unchanged YoY)

  • Homes Sold: 32 homes (down from 37 YoY)

  • Sale-to-List Price Ratio: 101.2% (+0.2 points YoY)

These figures indicate a healthy, competitive market where sellers are still receiving strong offers and buyers can capitalize on moderate price fluctuations.

Current Market Trends

1. Steady Price Appreciation

  • Redfin data reports a 4.3% increase in the median sale price, climbing to $833,000.

  • Zillow highlights a 2.3% rise in the average home value to $786,291.

  • The significant 7.9% growth in price per square foot reflects strong demand for well-located and upgraded homes.

2. Consistent Days on Market

  • Homes are selling in 18 days, a figure that has remained stable compared to last year.

  • Realtor.com data shows slight variability with homes averaging 29 days in October 2024.

This consistency highlights steady buyer demand, balanced with slightly longer transaction timelines for specific properties.

3. Decreased Sales Volume

  • 32 homes sold in October 2024, down from 37 a year ago.

  • The reduction may be linked to limited inventory or seasonal market softening rather than diminished demand.

Buyer and Seller Scores

Seller Score: 70

The current market conditions favor sellers due to rising prices, multiple offers, and consistent demand.

Advantages for Sellers:

  • Higher Offers: Homes sell for an average of 1.2% above list price.

  • Competitive Terms: Sellers can negotiate fewer contingencies and faster closings.

  • Demand Stability: Martinez remains attractive for Bay Area buyers seeking affordability and value.

Buyer Score: 55

While buyers face competition, stable days on market and reduced sales volume create room for negotiation.

Advantages for Buyers:

  • Negotiation Leverage: Longer-listed homes offer opportunities to negotiate price and contingencies.

  • Moderate Inventory: New listings provide options, even in a tight market.

  • Financing Opportunities: Current mortgage rates remain favorable, supporting purchasing power.

3 Top Takeaways

1. Sellers Continue to Hold the Advantage

With a Seller Score of 70, sellers enjoy steady price appreciation and competitive offers that favor their terms.

2. Buyers Can Find Value in Specific Listings

A Buyer Score of 55 reflects opportunities for value-driven buyers to negotiate on homes lingering on the market.

3. Inventory Challenges Tighten Competition

Lower sales volume suggests inventory remains limited, intensifying competition and sustaining seller leverage.

Future Projections

Price Outlook

Home prices in Martinez are expected to grow modestly through early 2025, driven by:

  • Strong buyer demand.

  • Limited new inventory.

  • Stable regional economic growth.

Inventory Expectations

Inventory levels are anticipated to remain tight. If new listings do not increase significantly, competition among buyers will intensify further, benefiting sellers.

Interest Rates Impact

Current mortgage rates support affordability; however, any increases in 2025 could slow buyer demand slightly, affecting price growth.

Score Predictions

  • Seller Score: May increase to 75+ if inventory decreases further.

  • Buyer Score: Could improve to 58–60 if additional listings enter the market.

Utilizing This Content

Here are 3 key messages real estate professionals can use for marketing and client outreach:

1. “Sellers: Competitive Bids Are Driving Stronger Returns!”

With homes selling above list price and steady demand, now’s the ideal time to list and secure top value for your property.

2. “Buyers: Strategic Moves Win in Martinez!”

Homes staying on the market longer offer buyers room to negotiate terms and secure properties before competition heats up further.

3. “Martinez Market Snapshot: Price Growth Continues.”

Rising prices and stable demand highlight opportunities for buyers and sellers alike. Let’s connect to discuss your next move in this competitive market.

The Martinez real estate market in December 2024 remains a dynamic environment with opportunities for both buyers and sellers. Rising home values, consistent days on market, and competitive offers favor sellers, while buyers can still find value by acting strategically.

By understanding these trends and leveraging expert insights, real estate professionals can guide their clients toward confident and informed decisions.

For tailored strategies or market-specific advice, connect with Realty One Elite—your trusted resource for Martinez real estate.

Contact us today to get started!


Additional Resources:

Martinez, CA

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Martinez, CA 〰️