34997 — Martin County, Florida Market Snapshot
Housing market data for zip code 34997 in Martin County, Florida. Updated monthly with median prices, days on market, and more.
Market Sales Data
38 sales in 2026 (year to date)
Median Sale Price
$235,500
Days to Sell
162
Homes Sold
38
Inventory
72
Sale-to-List
94.5%
New Listings
31
Price/SqFt
$190
Pending Sales
42
Conforming Loan Available
Most homebuyers in 34997 can comfortably use conventional financing. The median home price of $235,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 162 days on average, 34997 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 34997 sells for 5.5% below asking price (94.5% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 34997 can comfortably use conventional financing. The median home price of $235,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 34997 are set at the county level.
2026 Loan Limits — Martin County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $603,750 |
| 2 Units | $1,066,250 | $772,900 |
| 3 Units | $1,288,800 | $934,250 |
| 4 Units | $1,601,750 | $1,161,050 |
Affordability Snapshot — Zip 34997
To purchase the median home at $235,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,954.
Monthly Payment
$1,954
Income Required
$83,757
Principal & Interest
$1,451/mo
Down Payment (5%)
$11,775
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 34997.
Estimated Monthly Payment
$1,607
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