This market profile is a snapshot of what is happening in Mill Valley. Mill Valley home prices have seen a downward trend in prices again this week but listing inventory has been tightening and days-on-market has been decreasing, which are positive signs for the market. The Market Action Index has been essentially flat.
| Mill Valley Real Estate Market Update | |
| Median List Price | $1,297,000 |
| Asking Price per Square Foot | $640 |
| Average Days on Market | 100 |
| Percent of Properties with Price Decrease | 55% |
| Percent Relisted | 3% |
| Median House Size (sq ft) | 2,225 |
| Median Lot Size | 8,001-10,000 Sq. Feet |
| Median Number of Bedrooms | 3.0 |
| Median Number of Bathrooms | 2.5 |
| Market Action Index | 16 – Cold! Buyer’s Market |
The Market Action Index answers the question “How’s the Mill Valley Real Estate Market?” By measuring the current rate of sale versus the amount of inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.
Mill Valley Real Estate Market Data effective as of November 17, 2008. Data provided by AltosResearch. Are you a Marin real estate junkie? Sign up to receive very detailed real-time market reports in your email. Just register and let me know which neighborhoods you are interested in. Download a sample report.