Mill Valley Housing Market · 2026

Data through Mar 2026

Mill Valley Market Snapshot

Mill Valley favors sellers and competition is intensifying. Here's the picture:

Based on 15 homes sold in March 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through March 2026

SalesWhat are homes selling for?
Median Sale Price
$2.42M
Up 33.8% from March 2025
Up $613K from March 2025
Homes Sold
15
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$15,010/mo
6.53% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$12,300
  • Property Tax$2,526
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
14 days
2 fewer days than in March 2025
Homes sell in a week or two
Sale-to-List Ratio
103.1%
Up from 102.4% in March 2025
Selling 3% above asking
% Sold Over Asking
60%
More than half of homes sold above their asking price
Active Listings
23
Up 15.0% from March 2025
About 1.5 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 33.8% year-over-year in Mill Valley. Based on 15 sales in the most recent month.
Homes Sold
6% fewer homes sold than a year ago in Mill Valley.
Total Monthly Payment
Estimated monthly cost is up 30% 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 6.53%. 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 favors sellers and competition is intensifying. Buyers should prepare strong offers and expect limited room to negotiate on well-priced listings.

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

At $2.42M, Mill Valley's median is close to the Bay Area average of $1.88M.

By home type:

  • Single-family homes at $2.54M
  • Condos at $710K
  • Townhomes at $1.27M
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 $2.54M
  • Condos at $710K
  • Townhomes at $1.27M

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 currently favors sellers:

  • Homes sell about 3% above asking on average
  • 60% close above list price
  • 14 days typical time to go pending
  • 17% of listings have had a price reduction

Buyer strategy: well-priced homes still move quickly, but there is modest room for strong offers. Come in pre-approved with a clear plan.

What will my total monthly cost be on a median-priced Mill Valley home?

At $2.42M with 20% down at 6.53%, your estimated total monthly cost is approximately $15,010:

  • $12,300 principal and interest
  • $2,526 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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