Mill Valley, CA Real Estate Market

Sellers in Mill Valley hold considerable leverage, with homes closing at a median sale price of $2,395,000 compared to a median list price of $1,995,000 and moving in just 11 days on average. The limited active inventory of 127 homes means your listing will face relatively little competition in a market running at the 90th percentile for competition.

Buyers should be prepared to move quickly and offer above list price, as the median sale price of $2,395,000 already exceeds the median list price of $1,995,000 by $400,000. With only 127 active listings and a median of 11 days on market, desirable properties are unlikely to wait for hesitant offers.

At a median price per square foot of $1,040.73 and a median rent of $3,789, investors should carefully model cash flow given the significant gap between acquisition costs and rental income in this zip code. The rental inventory of just 59 units points to tight rental supply, which may support occupancy rates, but a thorough return analysis is essential before committing at these price levels.

The current 30-year fixed mortgage rate of 6.37% and 15-year rate of 5.72% add a meaningful affordability layer to a market where the median sale price sits at $2,395,000. Buyers who qualify for the 15-year rate of 5.72% would pay considerably less in total interest over the life of the loan, though the higher monthly payments at this price point require strong financial preparation.