Is Mill Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
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
How much do homes in Mill Valley, CA cost?
Median Sold Price
$2,075,000
$1,024/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Mill Valley have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Mill Valley was $2,075,000 in August 2023, down 1.2% from last year, and the median price per square foot was $1,024.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $676.5K | $747.5K | +10.5% |
| 2 Bedrooms | $1.3M | $1.3M | +3.8% |
| 3 Bedrooms | $2.1M | $1.7M | -16.8% |
| 4 Bedrooms | $3.3M | $2.7M | -16.5% |
| 5+ Bedrooms | $4.5M | $3.6M | -20.6% |
Summary: Mill Valley housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 16.8%, 4 bedroom homes decreased by 16.5%, and 5+ bedroom homes decreased by 20.6%.
Median Sold Price Compared To Nearby Cities
| Larkspur | $1.4M | $1.8M | +24.4% |
| Mill Valley | $2.1M | $2.0M | -1.2% |
| Southeast Marin | $2.1M | $2.1M | -3.9% |
| Bolinas | $2.7M | $2.5M | -9.9% |
| Corte Madera | $1.8M | $1.6M | -11.4% |
Housing Supply
How many homes are available in Mill Valley, CA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 65 | 57 | -12.3% |
Summary: The Mill Valley real estate market had 57 homes for sale in August 2023, a 12.3% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 14 | 17 | +21.4% |
| 3 Bedrooms | 22 | 13 | -40.9% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Mill Valley housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 21.4%, 3 bedroom homes decreased by 40.9%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 31 | 17 | -45.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mill Valley, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Mill Valley in August 2023, down by 45.2% month-over-month. Of the 17 sold homes, 35% were sold under asking, 18% were sold at asking, and 47% were sold over asking.
Days on Market
How long does it take to sell a home in Mill Valley, CA?
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 August 2023, 17 homes were sold in Mill Valley; 6% 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.