38237
Martin, Tennessee
Martin 38237 needs watching.
The 38237 ZIP code in Martin, Tennessee has a median sale price of $200K, down -3.8% year-over-year. Homes spend an average of 77 days on market, with 13% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 38237.
The Martin, TN 38237 market shows contractionary momentum with a median sale price of $200,000, down 3.8% year-over-year as of February 2026. Homes are averaging 77 days on market, indicating modest demand friction in this price segment. Only 13% of properties sold above asking price, suggesting buyers maintain negotiating leverage and sellers face limited competitive pressure. This combination of declining values and subdued buyer urgency signals a market recalibrating from previous pricing levels.
These conditions favor patient buyers with financing already secured, particularly first-time purchasers and value-oriented investors seeking discounted entry points. The 77-day marketing period provides adequate time for thorough due diligence without bidding war pressure. Sellers with immediate liquidity needs face headwinds, while those who can wait for seasonal demand shifts may capture better execution. Income-focused investors can underwrite with conservative assumptions given the 3.8% price decline creates margin of safety in valuations.
The PropIQ score of 55 signals caution, suggesting continued price pressure or stagnation over the next 6-12 months rather than imminent recovery. Key monitoring points include whether days-on-market extends beyond 90 days and if the below-list-price transaction rate exceeds 87%. The negative price trajectory requires confirmation of stabilization before deploying capital aggressively. Watch employment data and inventory levels as leading indicators for potential inflection points in this mid-tier Tennessee market.
What is the median home price in 38237 Martin?
The median sale price in 38237 is $200K, down -3.8% year-over-year as of 2026-02-28.
How long do homes stay on the market in Martin 38237?
Homes in 38237 Martin spend an average of 77 days on market before going under contract.
Is Martin 38237 a good place to invest in real estate?
Folio's PropIQ™ score for 38237 is 55/100 — a Caution signal. 13% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 38237?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 55 = Caution in 38237 Martin, Tennessee.