38241
Martin, Tennessee
Martin 38241 needs watching.
The 38241 ZIP code in Martin, Tennessee has a median sale price of $288K, down N/A year-over-year. Homes spend an average of 76 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 27 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 38241.
The Martin, TN 38241 market shows pricing stagnation with a median sale price of $287,950 remaining flat year-over-year as of February 2026. Properties are averaging 75.5 days on market, indicating moderate absorption rates in this small college town market. Notably, zero homes have sold above asking price, signaling a complete absence of buyer competition and suggesting sellers hold minimal pricing power in current negotiations.
This environment strongly favors patient buyers willing to negotiate, as the complete lack of bidding wars creates leverage for price reductions and inspection-based concessions. Value-oriented investors seeking cash flow properties can exploit the 75.5-day DOM to submit below-ask offers without competitive pressure. Sellers face challenging conditions and should price aggressively from listing day, as properties lingering beyond the 75-day average risk further market deterioration.
The PropIQ intelligence score of 27/100 signals significant caution ahead, suggesting continued price weakness or potential declines rather than stabilization. With zero competitive tension and flat pricing already established, this market lacks the demand catalysts needed for recovery. Investors should monitor employment data from University of Tennessee Martin and regional manufacturing sectors, as deterioration in either could push this already-weak market into sustained depreciation territory.
What is the median home price in 38241 Martin?
The median sale price in 38241 is $288K, down N/A year-over-year as of 2026-02-28.
How long do homes stay on the market in Martin 38241?
Homes in 38241 Martin spend an average of 76 days on market before going under contract.
Is Martin 38241 a good place to invest in real estate?
Folio's PropIQ™ score for 38241 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 38241?
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 27 = Caution in 38241 Martin, Tennessee.