South Larkspur, Larkspur Housing Market · 2026

Data through Mar 2026

South Larkspur, Larkspur Market Snapshot

South Larkspur is still one of the most competitive markets in the Bay Area, but competition is starting to ease. Here's the picture:

Based on 7 homes sold in March 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Enough to see the trend, but individual sales still move the median. Updated weekly.

Data through March 2026

SalesWhat are homes selling for?
Median Sale Price
$2.50M
Up 25.0% from March 2025
Up $500K from March 2025
Homes Sold
7
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$15,468/mo
6.53% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$12,681
  • Property Tax$2,604
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
11 days
2 fewer days than in March 2025
Homes sell in a week or two
Sale-to-List Ratio
106.8%
Down from 109.6% in March 2025
Selling 7% above asking
% Sold Over Asking
57%
More than half of homes sold above their asking price
Active Listings
10
Up 100.0% from March 2025
About 1.4 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in South Larkspur.

Median Sale Price
Up 25.0% year-over-year in South Larkspur. Based on 7 sales in the most recent month.
Homes Sold
36% fewer homes sold than a year ago in South Larkspur.
Total Monthly Payment
Estimated monthly cost is up 22% from a year ago in South Larkspur, reflecting changes in both price and mortgage rates.

Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.

30-Year Fixed Mortgage Rate (National Avg.)
National average currently at 6.53%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about South Larkspur, Larkspur

Is now a good time to buy in South Larkspur, Larkspur?

South Larkspur, Larkspur is still a highly competitive market, but conditions are starting to ease. Buyers should move quickly on well-priced homes and expect to offer above asking, though the most intense bidding wars may be tapering.

How do South Larkspur, Larkspur home prices compare to the Bay Area average?

At $2.50M, South Larkspur, Larkspur's median sits about 33% above the Bay Area average of $1.88M. South Larkspur, Larkspur is on the higher end of the regional market.

This is close to the Larkspur city-wide median of $2.62M.

By home type:

  • Single-family homes at $2.62M
  • Condos at $619K
What price range should I budget for in South Larkspur, Larkspur?

Prices in South Larkspur, Larkspur depend heavily on home type and specific neighborhood. Median sale prices by type:

  • Single-family homes at $2.62M
  • Condos at $619K

Individual listings vary widely based on location, size, and condition. The best calibration is to narrow to a few specific neighborhoods you are considering and look at recent sales there.

How competitive is South Larkspur, Larkspur for buyers?

South Larkspur, Larkspur is one of the Bay Area's more competitive markets:

  • Homes sell about 7% above asking on average
  • 57% close above list price
  • 11 days typical time to go pending

Buyer strategy: budget 5 to 10% above ask on well-priced listings, with financing pre-approved and offers ready to move quickly.

What will my total monthly cost be on a median-priced South Larkspur, Larkspur home?

At $2.50M with 20% down at 6.53%, your estimated total monthly cost is approximately $15,468:

  • $12,681 principal and interest
  • $2,604 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.

No noise, just a quick weekly read on what's going on in your market.

Melanie Tan
Melanie Tan
DRE #02250755
“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
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