Mill Valley Housing Market · 2026

Data through May 2026

Mill Valley Market Snapshot

Mill Valley is one of the most competitive markets in the Bay Area, and it's still heating up. Here's what you need to know:

Based on 18 homes sold in May 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through May 2026

SalesWhat are homes selling for?
Median Sale Price
$3.23M
Up 5.8% from May 2025
Up $177K from May 2025
Homes Sold
18
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$19,848/mo
6.49% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$16,303
  • Property Tax$3,362
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
9 days
3 fewer days than in May 2025
Homes sell in a week or two
Sale-to-List Ratio
113.9%
Up from 108.5% in May 2025
Selling 14% above asking
% Sold Over Asking
94%
94% of homes sold above their asking price
Active Listings
21
Down 52.3% from May 2025
About 1.2 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in Mill Valley.

Median Sale Price
Up 5.8% year-over-year in Mill Valley. Based on 18 sales in the most recent month.
Homes Sold
20% more homes sold than a year ago in Mill Valley.
Total Monthly Payment
Estimated monthly cost is up 3% from a year ago in Mill Valley, 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 6.49%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about Mill Valley

Is now a good time to buy in Mill Valley?

Mill Valley is one of the most competitive markets in the Bay Area. Buyers should expect to offer above asking price, be prepared to waive contingencies, and act fast. Coming in with strong financing and a clear strategy is essential.

How do Mill Valley home prices compare to the Bay Area average?

At $3.23M, Mill Valley's median sits about 74% above the Bay Area average of $1.85M. Mill Valley is on the higher end of the regional market.

By home type:

  • Single-family homes at $3.60M
  • Condos at $1.29M
What price range should I budget for in Mill Valley?

Prices in Mill Valley depend heavily on home type and specific neighborhood. Median sale prices by type:

  • Single-family homes at $3.60M
  • Condos at $1.29M

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 Mill Valley for buyers?

Mill Valley is one of the Bay Area's more competitive markets:

  • Homes sell about 14% above asking on average
  • 94% close above list price
  • 9 days typical time to go pending
  • 38% of listings have had a price reduction

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 Mill Valley home?

At $3.23M with 20% down at 6.49%, your estimated total monthly cost is approximately $19,848:

  • $16,303 principal and interest
  • $3,362 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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