38255
Martin, Tennessee
Martin 38255 is stable.
The 38255 ZIP code in Martin, Tennessee has a median sale price of $163K, down -22.6% year-over-year. Homes spend an average of 119 days on market, with 50% of homes selling above list price.
Folio's PropIQ™ score of 66 signals Caution conditions. This market is holding steady. Monitor inventory shifts before committing.
The Martin, TN 38255 market has contracted sharply, with median sale prices falling 22.6% year-over-year to $162,500. Properties are moving slowly at an average 118.5 days on market, nearly four months of inventory time. However, 50% of homes still close above asking price, suggesting selective strength in specific property segments despite the overall price decline. This split performance indicates a bifurcated market where desirable listings command premium pricing while others languish.
This environment strongly favors cash buyers and value investors who can absorb the 118-day holding period and exploit the 22.6% price correction for entry positioning. The 50% above-list close rate means sellers with well-priced, quality inventory maintain negotiating leverage, but those outside the desirable segment face extended marketing periods. Buyers willing to wait through the 118.5-day cycle gain significant negotiating advantage on properties that don't fall within the premium half.
The PropIQ score of 66 signals caution, reflecting uncertainty around whether the 22.6% decline has bottomed or continues deepening. Monitor monthly sales velocity and the percentage closing above list—if that 50% figure declines below 40%, further price compression is likely. The 118.5-day absorption rate suggests oversupply relative to demand, making spring inventory levels the critical variable for Q2 price direction.
What is the median home price in 38255 Martin?
The median sale price in 38255 is $163K, down -22.6% year-over-year as of 2026-02-28.
How long do homes stay on the market in Martin 38255?
Homes in 38255 Martin spend an average of 119 days on market before going under contract.
Is Martin 38255 a good place to invest in real estate?
Folio's PropIQ™ score for 38255 is 66/100 — a Caution signal. 50% of homes sold above asking.
What does a PropIQ™ score of 66 mean for 38255?
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 66 = Caution in 38255 Martin, Tennessee.