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Featured local agent — Mill Valley, CA
Sarah Mitchell
Compass Real Estate · Mill Valley, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mill Valley, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$3.23Mmedian sale price
How is the Mill Valley, CA housing market right now?
The median home sale price in Mill Valley, CA is $3.23M, up 5.8% year-over-year. Homes sell in an average of 9 days with 21 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Mill Valley a buyer's or seller's market?
Mill Valley, CA is currently a strong seller's market, based on 1.2 months of supply and homes selling in about 9 days. How we determine this →
Homes sold
18
Last 12 weeks
Days on market
9
Fast-moving
Active listings
21
1.2 months supply
Sale-to-list
113.9%
Above asking
What does the Mill Valley housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $3.23M |
| Median list price | $2.20M |
| Year-over-year price change | +5.8% |
| Average days on market | 9 days |
| Active inventory | 21 listings |
| Months of supply | 1.2 months |
| Sale-to-list price ratio | 113.9% |
| Median price per sq ft | $1,191/sq ft |
| Homes sold (latest month) | 18 |
| New listings (latest month) | 24 |
| Listings with a price cut | 38.1% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Mill Valley by property type?
How the Mill Valley, CA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $3.60M | $1,478/sq ft | 13 | 9 days |
| Condo / Co-op | $1.29M | $799/sq ft | 4 | 7 days |
| Townhouse | $1.27M | $812/sq ft | 2 | 14 days |
Source: Redfin · Updated monthly
The Mill Valley housing market is currently classified as a strong seller's market with a median sale price of $3.23M. Prices have risen 5.8% compared to last year, with homes spending an average of 9 days on market, indicating 1.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 10.4x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Mill Valley
There are currently 21 homes listed for sale in Mill Valley, California. The median listing price is $2.2M.
Active listings
21
Homes on market
Median list price
$2.2M
Avg. days on market
9
Days until sale
New this week
24
Newly listed
Who lives in Mill Valley?
Population
14,064
Median income
$208,466/yr
Median age
47.2 years
Owner-occupied
66.1%
College grads
77.1%
Avg commute
25.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Mill Valley?
Zillow home value
$2.17M
Zillow rent index
$4,546/mo
Price-to-rent ratio
39.8x
Price-to-income
10.4x
Source: Zillow Research
What is it like to live in Mill Valley?
Mill Valley is a community of approximately 14K residents with a median age of 47.2 years.The median household income is $208,466, which reflects a relatively affluent area with strong earning potential. 77.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 66.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Mill Valley offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Mill Valley?
7 schools tracked · 3,822 students
The largest public schools serving Mill Valley, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Tamalpais High
Grades 9-12 · 1,544 students
Mill Valley Middle
Grades 6-8 · 757 students
Edna Maguire Elementary
Grades K-5 · 428 students
Tamalpais Valley Elementary
Grades K-5 · 335 students
Park Elementary
Grades K-5 · 266 students
Old Mill Elementary
Grades K-5 · 251 students
Strawberry Point Elementary
Grades K-5 · 241 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Mill Valley, CA?
Want a head-to-head view? Compare Mill Valley side-by-side with any other U.S. city using our market-comparison tool.
Is Mill Valley a good real estate investment market?
For investors evaluating Mill Valley, the price-to-rent ratio of 39.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 5.8% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Mill Valley's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Mill Valley's median home price.
Frequently asked questions
What is the average home price in Mill Valley?
The median home sale price in Mill Valley is $3.23M, up 5.8% from last year.
How long do homes stay on market in Mill Valley?
Homes typically spend 9 days on market before going under contract.
What is the median income in Mill Valley?
The median household income is $208,466 per year.
Is Mill Valley a buyer's or seller's market?
With 1.2 months of supply, Mill Valley is currently a strong seller's market.
What is the Zillow home value estimate for Mill Valley?
The Zillow Home Value Index (ZHVI) for Mill Valley is $2.17M, representing the typical home value in the area.
What is the median condo price in Mill Valley?
The median condo/co-op sale price in Mill Valley, CA is $1.29M, compared to $3.60M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Mill Valley?
The median single-family home price in Mill Valley, CA is $3.60M (about $1,478 per square foot).
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