Is Canal Point, FL 33438 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Canal Point is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Canal Point housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Martin County, FL

Population	257
Average income	$66,672
Median rent	$1,431/month
Owner-occupied	53% of homes
Median year built	1957

Natural hazard riskHurricanes (very high), wildfire (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 33438; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 33438

Prefilled for 33438Can I win this house?Multiple-offer likelihood for a listing Prefilled for 33438Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Hobe Sound 33455Seller’s market $310 /sq ft Indiantown 34956Seller’s market $225 /sq ft Jensen Beach 34957Balanced $330 /sq ft Jupiter 33469Balanced $480 /sq ft Browse all markets →

Where Canal Point is

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Questions about Canal Point real estate

What are property taxes in Canal Point?

About 0.77% of a home’s value a year in Martin County, or roughly $3,080 on a $400,000 home.

Local agents

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More tools for 33438

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Martin County property taxes Martin County loan limits Closing costs in Florida Hottest ZIP codes in Florida

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology