What's happening: Mill Valley recorded 28 single-family home sales in April, more than double the 13 sales recorded in April 2025, according to data from the Marin County Assessor-Recorder-County Clerk. The median sale price rose to $2,827,500, up 23% from $2,300,000 a year earlier. In May, 60 homes sold in the Mill Valley market, up from 47 in May 2025, according to Redfin. The median days on market fell to 10, down from 12 a year ago.
Why it matters: The acceleration suggests the Mill Valley market absorbed last year's price levels and pushed higher. Homes are moving faster than a year ago, and the volume surge reflects broad mid-market strength: the median rose while the mean fell, from $3,763,154 in April 2025 to $3,504,464 in April 2026, pointing to activity across price points rather than a handful of trophy sales pulling the numbers up.
The context: The April numbers extend a trend that became visible in March, when Mill Valley's median detached home price reached $2,825,000 - nearly identical to April's figure, suggesting prices reset upward in March before volume followed. The winter market had been quieter: four sales in January at a median of $2,305,500 and seven in February at $2,235,000.
The countywide median for detached homes in April was $1,905,000. Mill Valley's median ran 49% above that figure. One factor may be pressure from across the bay. In April, Compass agent Bill Smith told the Marin IJ that Marin was beginning to feel spillover from a San Francisco market he described as "on fire," with buyers priced out of the city looking north. April and May data suggest that trend has continued.
Subscribe to read the rest
Become a paying subscriber of the daily edition to get access to this post.
UpgradeA subscription gets you:
- Everything shaping life in Mill Valley
- Five days a week, in your inbox at 6am
