Ken Dara's Market Report

Mill Valley, CA

Single-Family Homes

Engel & Voelkers | 415-425-3626 | ken.dara@engelvoelkers.com



Mill Valley, CA

Sat Aug 13 2022
This week the median list price for Mill Valley, CA is $2,445,000 with the market action index hovering around 63. This is less than last month's market action index of 68. Inventory has held steady at or around 42. Click here to stay informed with the Mill Valley market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Mill Valley, CA

Sat Aug 13 2022
This week the median list price for Mill Valley, CA is $2,445,000 with the market action index hovering around 63. This is less than last month's market action index of 68. Inventory has held steady at or around 42. Click here to stay informed with the Mill Valley market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Mill Valley market.
Median List Price $2,445,000
Median Price of New Listings $1,950,000
Per Square Foot $1,065
Average Days on Market 40
Median Days on Market 39
Price Decreased 19%
Price Increased 5%
Relisted 2%
Inventory 42
Median Rent
Market Action 63
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$5,936,000 4,148 0.5 - 1 acre 5 4.5 27 1 0 56
$3,095,500 3,197 0.25 - 0.5 acre 4 3.3 46 1 2 42
$1,995,000 1,740 8,000 - 10,000 sqft 3 2.5 58 2 2 21
$1,575,000 1,305 4,500 - 6,500 sqft 3 2 67 3 1 21