Ken Dara's Market Report

Mill Valley, CA

Single-Family Homes

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



Mill Valley, CA

Mon May 17 2021
This week the median list price for Mill Valley, CA is $2,000,000 with the market action index hovering around 71. This is an increase over last month's market action index of 70. Inventory has held steady at or around 30. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Mill Valley, CA

Mon May 17 2021
This week the median list price for Mill Valley, CA is $2,000,000 with the market action index hovering around 71. This is an increase over last month's market action index of 70. Inventory has held steady at or around 30. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Mill Valley market.
Median List Price $2,000,000
Median Price of New Listings $2,050,000
Per Square Foot $935
Average Days on Market 47
Median Days on Market 18
Price Decreased 30%
Price Increased 0%
Relisted 7%
Inventory 30
Median Rent $5,750
Market Action 71
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
$4,499,000 3,364 0.25 - 0.5 acre 5 3 28 1 3 28
$2,845,000 3,372 0.25 - 0.5 acre 4 3 37 3 2 42
$1,722,500 2,105 8,000 - 10,000 sqft 4 2 59 2 3 7
$1,296,500 1,166 6,500 - 8,000 sqft 3 2 75 3 2 7