Mill Valley, CA Real Estate & Homes for Sale

In June 2025, Mill Valley’s housing market showed mixed signals, with home prices down 11.8% year-over-year to a median of $2.1M, reflecting a market correction or shifting buyer preferences. Despite the price drop, homes are selling slightly faster, averaging 18 days on the market compared to 21 days last year, suggesting continued demand for well-priced properties. However, sales volume declined to 14 homes from 16 last year, indicating that while motivated buyers are acting quickly, overall activity has slowed, possibly due to limited inventory or more selective purchasing behavior.

Mill Valley is highly competitive, with homes selling quickly in just 15 days on average. Most properties receive multiple offers, often with waived contingencies, reflecting strong buyer demand and limited inventory. On average, homes sell for about 5% above list price, while hot homes can command up to 11% over asking and go pending in as little as 9 days, making it a challenging market for buyers but favorable for sellers.

Mill Valley, CA is a seller’s market in June 2025, meaning buyer demand significantly exceeds the available housing supply. This imbalance creates strong competition among buyers, often resulting in multiple offers and bidding wars, with many buyers willing to waive contingencies to secure a property. Homes are selling quickly and frequently above the asking price, giving sellers a clear advantage in negotiations and allowing well-priced properties to move off the market in a matter of days.