Larkspur, CA Real Estate Listings & Homes for Sale

In December 2024, the median home price in Larkspur experienced a significant 31.0% decline compared to the previous year, settling at $1.4 million. Despite this drop in prices, the market showed signs of increased activity. Homes in Larkspur sold faster on average, with properties spending 37 days on the market, a slight improvement from 42 days in December 2023. Additionally, the number of homes sold nearly doubled, rising to 13 sales this December compared to just 7 during the same period last year. These trends suggest a more dynamic market with increased buyer interest, possibly driven by the lower home prices.

Larkspur's real estate market is highly competitive, with homes typically selling in just 31 days. Many properties attract multiple offers, with some buyers even waiving contingencies to secure their purchase. On average, homes sell for about 1% above the list price and go under contract within 31 days. In contrast, highly sought-after "hot" homes can sell for as much as 7% above the list price and often go pending in as little as 12 days, reflecting the intense demand in this vibrant market.

In December 2024, Larkspur, CA, was firmly a seller's market, indicating that demand for homes exceeded the available supply. This imbalance puts sellers in a favorable position, often leading to competitive offers and quicker sales as buyers vie for limited inventory in this desirable area.