Is Northwest Marin, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Northwest Marin was a Seller's Market.
Key Takeaway
Northwest Marin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northwest Marin, CA
How much do homes in Northwest Marin, CA cost?
Median Sold Price
$1,250,000
$739/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Northwest Marin have sold for 7.4% less than they did a year ago.
Summary: The median home sold price in Northwest Marin was $1,250,000 in November 2023, down 7.4% from last year, and the median price per square foot was $739.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $860K | $430K | -50.0% |
| 2 Bedrooms | $1.1M | $875K | -21.2% |
| 3 Bedrooms | $1.3M | $1.2M | -6.5% |
| 4 Bedrooms | $1.9M | $1.6M | -16.0% |
| 5+ Bedrooms | $1.7M | $1.7M | -2.6% |
Summary: Northwest Marin housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 21.2%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes decreased by 2.6%.
Housing Supply in Northwest Marin, CA
How many homes are available in Northwest Marin, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 42 | 38 | -9.5% |
Summary: The Northwest Marin real estate market had 38 homes for sale in November 2023, a 9.5% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Northwest Marin housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest Marin, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Northwest Marin in November 2023, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
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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.