Mill Valley Housing Market Report – March 2026

Here's a look at how the Mill Valley, CA real estate market performed in March 2026, based on actual sold data from the MLS.

Market Snapshot

Homes Sold: 25
Median Sale Price: $2,180,000
Average Sale Price: $2,488,680
Average Price Per Sq Ft: $1,033
Average Days on Market: 44
Sale-to-List Price Ratio: 102.5%

Month-Over-Month Trends

Compared to February, the median sale price in Mill Valley moved 13.2% up (from $1,925,000 to $2,180,000). The number of homes sold was 56.2% up compared to the prior month (16 vs. 25). Average days on market shifted 2.2% down (45 days to 44 days).

Year-Over-Year Comparison

Compared to March 2025, the median sale price is 4.4% up (from $2,087,500 to $2,180,000). Sales volume is 45.7% down year-over-year.

What This Means

Mill Valley's housing market is showing some interesting mixed signals this March. Sales volume jumped dramatically month-over-month, with 25 homes selling compared to just 16 in February—a 56% surge that likely reflects the typical spring buying season kicking into gear. That said, year-over-year comparisons tell a different story: sales are down nearly 46% from March 2025, suggesting the market remains more subdued than it was a year ago. The median price of $2.18 million is up 13% from February but only 4.4% annually, indicating steady but modest appreciation rather than the explosive growth we saw in previous cycles.

What's most telling is that homes are selling above asking price (at 102.5% of list) while spending roughly six weeks on the market. This seller-friendly dynamic suggests genuine buyer interest, but the large inventory gap is worth noting—58 active listings with a median ask of $1.83 million means there's significantly more supply than demand at current price points. For buyers, this could mean more negotiating power than we've seen in years. For sellers, it's a reminder that Mill Valley remains an attractive market, but pricing competitively matters more than it did during previous peaks.

Mill Valley Sales by Zip Code

Zip Code	Homes Sold	Median Price	Avg $/SqFt	Avg DOM
94941	25	$2,180,000	$1,033	44

Sales by Property Type

Property Type	Homes Sold	Median Price	Avg $/SqFt
SINGLE_FAMILY	18	$2,537,500	$1,147
CONDOS	3	$895,000	$730
MULTI_FAMILY	2	$1,250,000	$438
TOWNHOMES	2	$1,275,000	$812

Sales by Price Range

Price Range	Homes Sold
$500K - $749K	1
$750K+	24

Current Active Listings

As of this report, there are 58 active listings in Mill Valley with a median asking price of $1,832,500 and an average of 71 days on market.

Thinking About Selling Your Mill Valley Home?

If you're a homeowner in Mill Valley considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Mill Valley and throughout the Central Valley — get a no-obligation cash offer today.