Mill Valley Housing Market Report – May 2026
Here's a look at how the Mill Valley, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 43
- Median Sale Price: $2,810,000
- Average Sale Price: $2,946,535
- Average Price Per Sq Ft: $1,145
- Average Days on Market: 33
- Sale-to-List Price Ratio: 111.5%
Month-Over-Month Trends
Compared to April, the median sale price in Mill Valley moved 19.6% up (from $2,350,000 to $2,810,000). The number of homes sold was 24.6% down compared to the prior month (57 vs. 43). Average days on market shifted 10.8% down (37 days to 33 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 8.7% up (from $2,585,500 to $2,810,000). Sales volume is 8.5% down year-over-year.
What This Means
Mill Valley's May market tells a story of strong buyer demand meeting constrained supply, though with some important caveats. The median sale price jumped nearly 20 percent month-over-month to $2.81 million, and homes are selling above asking at a 111.5 percent ratio—clear signs that qualified buyers are competing fiercely for available inventory. The 33-day average time on market is brisk for a luxury community, and prices have climbed 8.7 percent year-over-year, suggesting sustained appreciation in this desirable Marin County enclave.
However, the month-over-month decline in sales volume warrants context. Prior data collection issues mean April's 57 sales figure may not be reliable, so we shouldn't read the drop to 43 homes as a market slowdown. What's more telling is the 71 active listings sitting at an average of 77 days on market—well above the sold homes' 33 days. This inventory gap suggests that while premium properties move quickly, there's a tier of overpriced or slower-moving homes struggling to attract buyers.
For sellers, the momentum is real: strong pricing power and fast moves for well-positioned homes. For buyers, competition remains intense but patience may reveal opportunities in the growing contingent of listings lingering longer than the market average.
Mill Valley Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94941 | 43 | $2,810,000 | $1,145 | 33 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 33 | $3,250,000 | $1,248 |
| CONDOS | 5 | $1,184,000 | $849 |
| MULTI_FAMILY | 5 | $2,590,000 | $669 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $500K - $749K | 1 |
| $750K+ | 42 |
Current Active Listings
As of this report, there are 71 active listings in Mill Valley with a median asking price of $1,700,000 and an average of 77 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 Marin County — get a no-obligation cash offer today.