Is Mill Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mill Valley has remained a Seller's Market.
Key Takeaway
Mill Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mill Valley, CA
How much do homes in Mill Valley, CA cost?
Median Sold Price
$2,050,000
$993/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mill Valley have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Mill Valley was $2,050,000 in May 2024, up 2.4% from last year, and the median price per square foot was $993.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $619K | $624K | +0.8% |
| 2 Bedrooms | $1.3M | $1.4M | +3.7% |
| 3 Bedrooms | $1.7M | $1.9M | +5.7% |
| 4 Bedrooms | $2.3M | $2.8M | +19.1% |
| 5+ Bedrooms | $3.6M | $3.3M | -8.3% |
Summary: Mill Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Larkspur | $1.6M | $1.8M | +8.3% |
| Mill Valley | $2.0M | $2.0M | +2.4% |
| Corte Madera | $1.7M | $1.7M | +1.0% |
| Bolinas | $2.6M | $2.5M | -1.7% |
| Southeast Marin | $2.0M | $2.0M | -2.0% |
Housing Supply in Mill Valley, CA
How many homes are available in Mill Valley, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 90 | 118 | +31.1% |
Summary: The Mill Valley real estate market had 118 homes for sale in May 2024, a 31.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 12 | 15 | +25.0% |
| 3 Bedrooms | 26 | 42 | +61.5% |
| 4 Bedrooms | 26 | 32 | +23.1% |
| 5+ Bedrooms | 23 | 25 | +8.7% |
Summary: The Mill Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 61.5%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 35 | +59.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mill Valley, you could pay more than the asking price. 62.9% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Mill Valley in May 2024, up by 59.1% month-over-month. Of the 35 sold homes, 34% were sold under asking, 3% were sold at asking, and 63% were sold over asking.
Days on Market for Mill Valley, CA
How long does it take to sell a home in Mill Valley, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 14 Days | -17.6% |
Summary: Homes in Mill Valley had an average of 14 days on market in May 2024, down by 17.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mill Valley are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 35 homes were sold in Mill Valley; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.