Key Takeaways
- Lake Martin home sales jumped 27.1% from a year ago, with 61 closings in April.
- The average sales price rose 2.7% year over year to $943,662, indicating strong demand at the top end.
- A lower median price reflects more entry-level and new-construction sales, not falling home values.
- Inventory climbed to 491 listings, giving buyers the most choice in years.
- At 8.0 months of supply, the market is shifting toward a better balance between buyers and sellers.
A Busy Spring on the Water
The latest Lake Martin market report points to an active, healthy spring season. Buyers and sellers are both moving. Sales climbed sharply, more homes hit the market, and prices held strong at the high end. If you follow Lake Martin real estate, the April numbers are worth a closer look. The data comes from the Alabama Center for Real Estate (ACRE). It tells a more nuanced story than any single headline can.
Sales Are Up, and Up a Lot
April closed with 61 residential sales across the Lake Martin area. That figure includes existing single-family homes, condos, and new construction. Sales rose 17.3% from March and a full 27.1% from April of last year. This is a strong showing for the local market. It signals real buyer confidence heading into the busy summer stretch. Year-to-date sales sit at 152 homes, just behind last year’s pace. The spring surge has quickly narrowed that early gap.
The Median Price Story Is Not What It Seems
Here is where many readers get the wrong idea. The median sales price came in at $417,500 in April. That is down 27.5% from a year ago. On the surface, that looks like a sharp drop in value. The reality is very different.
A median simply marks the midpoint of all sales. It moves when the mix of homes sold changes. This April, more affordable homes and new-construction properties changed hands. That pulled the midpoint down. It does not mean waterfront values fell. The high end of the market actually stayed firm.
Average Price Tells the Truer Story
The average sales price rose to $943,662 in April. That is up 2.7% from one year ago and 3.9% from March. The average sits near a record high for the area. When the average climbs while the median dips, it points to a busy bottom and a strong top. In plain terms, more lower-priced homes sold, yet premium properties still commanded premium prices. Lake Martin waterfront homes for sale continue to attract serious, well-qualified buyers.
More Homes to Choose From
Inventory is the big shift this spring. The Lake Martin area had 491 homes listed for sale in April. That is up 3.8% from March and 10.3% from a year ago. It also sits nearly 60% above the five-year average. Buyers who felt boxed out in recent years now have far more options. Whether you want Lake Martin lakefront property for sale or a condo, the selection has widened.
A Market Moving Toward Balance
The inventory-to-sales ratio now stands at 8.0 months of supply. A balanced market usually lasts for around six months. At 8.0 months, conditions tilt modestly toward buyers. ACRE notes that sellers still hold elevated bargaining power at this level. The takeaway is encouraging for both sides. Buyers gain negotiating room, while sellers continue to find motivated, ready purchasers.
What This Means If You Are Buying
More inventory and a softer median create real opportunity. You have more homes to compare and more room to negotiate. Well-priced listings still move, so preparation matters. Get pre-approved before you tour, and know your must-haves. A local agent can help you read each micro-market around the lake. Pricing varies widely from one slough to the next.
What This Means If You Are Selling
Sellers remain in a favorable position despite more competition. Strong sales volume shows that buyers are active and serious. Homes priced to the current market are still selling well. The key is accurate pricing and sharp presentation. Days on market averaged 124 in April, longer than last spring. That makes professional marketing and smart staging more important than ever.
Working With Local Experts
Numbers only tell part of the Lake Martin story. Every cove and community moves at its own pace. A knowledgeable Lake Martin realtor turns this data into a plan that fits your goals. The right guidance helps buyers act with confidence and sellers price with precision. That local insight is what separates a good move from a great one.
Let’s Talk About Your Next Move
Understanding the numbers is the first step. Putting them to work is where the Vibe Realty Team comes in. Whether you are buying, selling, or just exploring, we are here to help. Reach out to us at Lake Martin Vibe Realty, 8221 Highway 50 S, Dadeville, AL 36853. Call 833.562.8423 to connect with our team. Let’s find your place on Lake Martin together.
Frequently Asked Questions
No. The median sales price fell 27.5% year over year, but that reflects the mix of homes sold. More affordable and new-construction homes closed in April, which pulled the midpoint lower. The average sales price actually rose 2.7% to $943,662. Waterfront and high-end values remained strong throughout the month.
A total of 61 residential homes were sold across the Lake Martin area in April 2026. That count includes existing single-family homes, condos, and new construction. Sales rose 17.3% from March and 27.1% from April 2025. The jump signals strong buyer demand heading into the summer season.
Conditions have grown more buyer-friendly this spring. Inventory rose to 491 listings, the most in years, and supply reached 8.0 months. That gives buyers more choice and more room to negotiate. Well-priced homes still sell quickly, so working with a local agent helps you act fast when the right property appears.
Months of supply measures how long it would take to sell all current listings. A balanced market sits near six months, so 8.0 leans slightly toward buyers. Even so, ACRE reports that sellers still hold elevated bargaining power. Accurate pricing and strong marketing remain the keys to a successful sale.
The median marks the midpoint of all sales, while the average reflects total dollar volume. A few high-value waterfront sales lift the average well above the median. In April, the average reached $943,662, compared with a median of $417,500. That wide gap indicates a busy entry-level market alongside a strong luxury segment.
