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Mill Valley, CA Housing Market Overview
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.
If you're thinking of buying in Mill Valley, reach out to Tracy today for personalized insights, private tours, and expert representation in Marin County’s most exclusive neighborhoods.
Mill Valley’s terrain creates block‑by‑block weather shifts. Flats like Sycamore Park and Tamalpais Park get more morning sun and lighter afternoon winds; canyons such as Blithedale and Cascade run cooler, damper, and foggier with longer deck‑drying times and moss/mold risk. Strawberry and Scott Valley tend to be sunnier but can be breezier. Sun exposure affects heating/cooling costs, window specs, solar viability, and how usable yards and redwood‑shaded patios are across seasons. Verify actual sun paths, shade from adjacent redwoods, and afternoon wind channels before you bid.
Large portions of Mill Valley sit in the Wildland–Urban Interface near Mount Tam. Homestead Valley, Almonte/Tam Junction, and hillside pockets demand defensible space, ember‑resistant vents, Class‑A roofs, and regular vegetation management. Insurability and premiums can vary widely; carriers may require mitigation inspections. PG&E Public Safety Power Shutoffs (PSPS) during red‑flag events are possible—backup power, battery storage, and hard‑wired internet redundancy matter. Review evacuation routes (e.g., Panoramic Hwy, Edgewood/Molino) and local Firewise efforts when comparing addresses.
Many homes are on steep, winding streets or “stair streets.” This impacts foundation type, retaining walls, drainage design, construction costs, and future remodel feasibility. Narrow roads and grade limits affect garage usability, driveway turn‑around clearance, and fire‑truck access; overnight street parking can be constrained. Slopes also drive geotech requirements and can influence appraisal comps versus the flats. Budget for site work (piers, tie‑backs, drainage) and confirm access/parking practicality for daily living and guests.
Properties near Richardson Bay, Bothin Marsh, lower Miller Ave, Sycamore Park, and parts of Almonte/Tam Junction can face tidal back‑up and heavy‑rain flooding. King tides, high groundwater, and creek overflows (e.g., Arroyo Corte Madera del Presidio) shape risk profiles even outside mapped FEMA zones. Look beyond the map: inspect historical high‑water marks, sub‑floor moisture, sump systems, flood vents, and yard grading. Factor flood insurance, elevation certificates, and potential future adaptation costs into your total ownership picture.
Mill Valley’s design review can be exacting, especially for additions on view corridors or near creeks and open space. Heritage redwoods and large native trees often require permits to trim/remove; root zones affect foundation work and hardscaping options. Many homes are older shingle or cottage styles—preserving exterior character, materials, and massing can be part of approvals. Expect story‑poles, neighbor noticing, and environmental considerations to influence timelines. Engage an architect and arborist early to align your plans with local standards.
Access to US‑101, the Mill Valley–Sausalito Path, and nearby ferries (Sausalito/Larkspur) shapes daily convenience for SF commuters. The trade‑off: the easiest freeway access (Alto/Strawberry/Tam Junction) can bring more traffic noise; deeper canyon serenity often means longer, slower drives. Weekend visitor surges to Muir Woods/Mt. Tam can clog Shoreline Hwy and Panoramic routes, affecting errand timing and guest parking. Test drive at peak hours, check bike/e‑bike connectivity, and confirm transit options for schools and work.
Whether you're curious about the current market trends, interested in exploring available properties, or need guidance on buying a home in Mill Valley, Tracy is here to help. With extensive local expertise and a passion for connecting clients to their ideal homes, Tracy can make your home-buying journey seamless and rewarding. Don’t wait—reach out today to learn more about Mill Valley’s unique market and discover the possibilities that await!
Discover the charm and beauty of Mill Valley with our comprehensive Neighborhood Guide! Whether you're considering a move or simply exploring, our guide offers in-depth insights into what makes Mill Valley one of California’s most desirable places to live. From local hotspots and scenic trails to school information and community highlights, start your journey here and get to know all that Mill Valley has to offer!
Your Partner in Luxury
Elevate your real estate journey with Tracy Curtis’s dynamic blend of Olympic discipline and Hollywood agent finesse. Guided by transparent communication, Tracy offers data-driven insights tailored to buyers, and strategic marketing solutions for sellers. Her extensive education from UCLA and USC underscores her expertise, and her commitment to excellence and authenticity sets her apart as a trusted partner who goes the extra mile to meet your unique needs. Whether you're buying or selling, Tracy's approach guarantees a seamless and successful process, making your real estate venture truly exceptional.