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Featured local agent — Martinez Lake, AZ
Sarah Mitchell
Compass Real Estate · Martinez Lake, AZ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Martinez Lake, AZ Housing Market
The last median sale price Redfin published was $1.18M (through May 2026). With 1.0 months of supply and homes going under contract in about 46 days, Martinez Lake is a seller's market. At today's 6.66% 30-year fixed rate, 20% down on a $1.18M home is about $6,041/mo in principal and interest.
Key numbers for Martinez Lake, AZ
Median sale price
$1.18M
Last published period
Redfin, through March 2026
Days on market
46
Average pace
Redfin, through March 2026
Active listings
1
1.0 months of supply
Redfin, through March 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$81,500
Home costs 14.4x income
U.S. Census ACS, 2023
Sale-to-list ratio
95.2%
Selling below asking
Redfin, through March 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Martinez Lake a buyer's or seller's market?
Martinez Lake, AZ is a seller's market, based on 1.0 months of supply and homes selling in about 46 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Martinez Lake housing market data show?
Every row below is Redfin's final published month for Martinez Lake, AZ. Redfin, through March 2026
| Metric | Value |
|---|---|
| Median sale price | $1.18M |
| Median price per sq ft | $313/sq ft |
| Median days on market | 46 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 95.2% |
| Homes sold (that month) | 1 |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Martinez Lake is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Martinez Lake is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Martinez Lake home prices moved?
Across the 9 months we hold for Martinez Lake, AZ, the median sale price fell 17.5%, from $1.43M in May 2021 to $1.18M. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 95.2%. Watch those two together — they move before the median does.
Redfin, through March 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Martinez Lake?
Priced off the median sale price of $1.18M at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $235,000 | $940,000 | $6,041/mo |
| 5% | $58,750 | $1.12M | $7,173/mo |
Redfin, through March 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $6,041, that implies roughly $258,887 a year before you add taxes and insurance. The median household in Martinez Lake earns $81,500, about $177,387 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 14.4x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Martinez Lake in the next 12 months?
Tell us your timeline. We send the Martinez Lake market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Martinez Lake?
Zillow does not publish a rent index (ZORI) for Martinez Lake, AZ, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Martinez Lake?
Active listings in Martinez Lake, AZ went from 2 in May 2021 to 1 in March 2026, a -50.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings |
|---|---|
| May 2021 | 2 |
| December 2021 | 2 |
| March 2022 | 1 |
| October 2022 | 1 |
| June 2024 | 2 |
| November 2025 | 1 |
| March 2026 | 1 |
Redfin, through March 2026
How does Martinez Lake compare to Arizona and the U.S.?
Martinez Lake homes sell for $1.18M — 159% above the Arizona median of $453,800. Against the national median of $410,700, Martinez Lake runs 186% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Martinez Lake, AZ | $1.18M | not published | 46 days |
| Arizona statewide | $453,800 | +0.5% | 62 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through March 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Martinez Lake
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $1,133 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $1.18M home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Martinez Lake listing goes under contract in 46 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 95.2% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Martinez Lake varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Martinez Lake
There are currently 1 homes listed for sale in Martinez Lake, Arizona.
Active listings
1
Homes on market
Avg. days on market
46
Days until sale
How much do homes cost in Martinez Lake by property type?
How the Martinez Lake, AZ market breaks down across single-family homes, condos and townhouses. Redfin, through March 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.18M | $313/sq ft | 1 | 46 days |
Who lives in Martinez Lake?
American Community Survey estimates for Martinez Lake. U.S. Census ACS, 2023
Population
57
Households
38
Median income
$81,500/yr
Median age
60.9 years
Owner-occupied
100.0%
100.0% of occupied homes in Martinez Lake are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Martinez Lake, AZ?
Ordered by distance from Martinez Lake, not by size. Compare Martinez Lake side by side with any of them.
Martinez Lake housing market FAQ
Is Martinez Lake a buyer's or seller's market?
Martinez Lake, AZ is currently a seller's market. That read comes from 1.0 months of supply, homes going under contract in about 46 days, and sellers getting 95.2% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Martinez Lake?
The median sale price in the last month Redfin published was $1.18M, about $313 per square foot.
Is Martinez Lake cheaper than the rest of Arizona?
Martinez Lake's median sale price of $1.18M is 159% higher than the Arizona statewide median of $453,800, and 186% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Martinez Lake?
Homes in Martinez Lake, AZ spent a median of 46 days on market before going under contract, versus 62 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Martinez Lake?
At the current 30-year fixed rate of 6.66%, 20% down on a $1.18M home is about $6,041 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $258,887 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $81,500.
Are home prices rising in Martinez Lake?
We do not hold a complete 12-month value series for Martinez Lake, AZ yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Martinez Lake?
Martinez Lake ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Martinez Lake?
That depends on your timeline, not on a headline. What the data says today: Martinez Lake, AZ is a seller's market with 1.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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