Mill Valley, CA Real Estate Market

With homes sitting on the market for a median of just 11 days and a competition score of 90, conditions are favorable for sellers listing in Mill Valley right now. The median asking price of $2,395,000 for single-family homes positions this market firmly in luxury territory, giving well-priced listings strong visibility among motivated buyers.

Buyers should be prepared to move quickly in this market, as the median days on market is only 11 days across 127 active listings. Asking prices range from $599,000 for 1-bedroom homes up to $2,995,000 for 5-bedroom properties, so clarifying your budget and bedroom needs early will help narrow your search efficiently.

The rental market in Mill Valley offers 59 rental units in inventory, with a median rent of $3,789 per month, though single-family asking prices starting at $599,000 for 1-bedroom homes suggest compressed gross yield potential. Investors eyeing larger units should note that 3-bedroom rentals are asking $7,500 per month, which may offer a more favorable income profile relative to the $1,895,000 asking price for 3-bedroom homes.

The current 30-year fixed mortgage rate of 6.37% and 15-year fixed rate of 5.72% meaningfully affect monthly carrying costs on Mill Valley's high asking prices. On a $2,395,000 home with a conventional down payment, buyers should model their financing carefully at these rate levels before committing to a price range.