Is Mill Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$994/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mill Valley have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Mill Valley was $2,050,000 in March 2024, down 2.4% from last year, and the median price per square foot was $994.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $663.2K | $619K | -6.7% |
| 2 Bedrooms | $1.3M | $1.4M | +11.6% |
| 3 Bedrooms | $1.9M | $1.8M | -8.5% |
| 4 Bedrooms | $2.7M | $2.9M | +6.6% |
| 5+ Bedrooms | $4.0M | $3.3M | -17.9% |
Summary: Mill Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 11.6%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 17.9%.
Median Sold Price Compared To Nearby Cities
| Larkspur | $1.6M | $1.8M | +9.6% |
| Corte Madera | $1.7M | $1.7M | 0% |
| Mill Valley | $2.1M | $2.0M | -2.4% |
| Southeast Marin | $2.1M | $2.0M | -5.3% |
Housing Supply in Mill Valley, CA
How many homes are available in Mill Valley, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 64 | +25.5% |
Summary: The Mill Valley real estate market had 64 homes for sale in March 2024, a 25.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 18 | 21 | +16.7% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 12 | 18 | +50.0% |
Summary: The Mill Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 23 | +130.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mill Valley, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Mill Valley in March 2024, up by 130.0% month-over-month. Of the 23 sold homes, 35% were sold under asking, 9% were sold at asking, and 57% were sold over asking.
Days on Market for Mill Valley, CA
We’re sorry, we don't have information for this market at the moment
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