Marin County Median Home Price Hits $1.9M

Marin County Median Home Price Hits $1.9M

  • Marks Realty Group

According to the Marin Independent Journal.com, Marin County's real estate market is heating up again. In May 2025, the median sale price for a single-family home climbed to $1.9 million, marking the highest level in over a year. This represents a 3.7% increase compared to the same time last year, according to data from the county assessor’s office.

While much of the Bay Area saw home prices soften—the region-wide median dipped to $1.4 million, down 3.8% year-over-year—Marin stood out with both rising values and increasing sales activity. Marin closed 222 single-family home sales in May, up from 207 the year prior, reflecting a 7% year-over-year increase in transactions.

High-End Areas Continue to Lead

Some of Marin’s most prestigious communities posted especially strong numbers in May:

  • Belvedere: $7.55 million

  • Tiburon: $3.55 million

  • Ross: $3.4 million

  • Mill Valley: $3.3 million

  • Larkspur: $2.7 million

  • Sausalito: $2.56 million

  • San Anselmo: $2.17 million

  • Corte Madera: $1.75 million

  • San Rafael: $1.45 million

  • Fairfax: $1.44 million

  • Novato: $1.19 million

Unincorporated areas of the county came in at a median of $2.1 million, highlighting the continued strength of Marin's broader market.

Inventory Expands, Competition Cools

Bay Area inventory is up significantly, with nearly three months of unsold supply available as of May—a 53% increase year-over-year. This expanded selection gives buyers more options and softens the competitive pressure that has defined the market in recent years.

Some industry analysts suggest that buyer activity slowed in April amid volatility in the stock market and global economic developments, which caused some would-be buyers to pause major financial decisions.

Mortgage Rates Hold Steady (But Still Elevated)

As of late June, average mortgage rates hovered at 6.77%, slightly lower than the week before but still high by historical standards. The Federal Reserve has left rates unchanged for now, monitoring economic signals before making further moves. Rates remain a key factor in buyer decision-making, particularly among move-up buyers and those relying on financing.

Marin Home Values: A 12-Month Snapshot

Month Median Sale Price
May 2025 $1.9M
April 2025 $1.82M
March 2025 $1.78M
Feb. 2025 $1.7M
Jan. 2025 $1.47M
Dec. 2024 $1.47M
Nov. 2024 $1.63M
Oct. 2024 $1.7M
Sept. 2024 $1.76M
Aug. 2024 $1.5M
July 2024 $1.6M
June 2024 $1.76M
May 2024 $1.84M

What This Means for You

Whether you're thinking about selling or just keeping an eye on the market, Marin continues to prove its value as one of the Bay Area’s most resilient and desirable real estate markets. With inventory on the rise and mortgage rates holding steady, this summer may present opportunities for both buyers and sellers to make a move with greater clarity.

Source: Marin Independent Journal.com

 

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