Tiburon & Belvedere Real Estate & Homes for Sale

In September 2024, home prices in Tiburon saw a significant year-over-year decline, dropping 35.2% to a median price of $2.3 million. This decrease may reflect broader market adjustments or shifts in buyer demand, especially within luxury or high-value markets like Tiburon. Homes are now taking longer to sell, averaging 65 days on the market compared to 53 days last year, indicating a potential cooling in buyer urgency or increased inventory. Despite these price reductions and longer listing times, the volume of homes sold remained stable with 7 sales, mirroring last year's activity. Interestingly, the median sale price per square foot increased to $1,300, a 22.5% rise from last year, suggesting that while total prices dropped, the market for premium or well-located properties remains competitive. This mix of price reductions, stable sales volume, and rising price per square foot reflects a nuanced market, potentially attractive to selective buyers looking for high-value properties.

Tiburon remains a moderately competitive market, where homes typically sell within 37.5 days. While the average home sells for around 1% below the list price and takes about 38 days to go pending, some properties attract heightened interest, receiving multiple offers and moving much faster. These "hot" homes can sell for up to 4% above the list price and go pending in approximately 12 days. This suggests that while the market as a whole is stable, there’s a subset of properties—likely those in desirable locations or with premium features—that command stronger buyer interest, leading to quicker sales and above-list prices. This dynamic indicates that Tiburon remains attractive to buyers, especially for homes that meet specific high-demand criteria.

Nationally, about 3% of homebuyers are looking to move to Tiburon from other metro areas, reflecting its appeal as a desirable relocation destination. Honolulu tops the list of external metros with the highest interest in Tiburon, suggesting that buyers from this market may be drawn to the area's coastal lifestyle, scenic beauty, and upscale community feel. New York and Pensacola follow closely, highlighting Tiburon's cross-country allure. This diverse interest from buyers in both large urban centers and smaller cities underscores Tiburon's unique appeal, attracting those seeking a high-quality living environment with proximity to the San Francisco Bay Area.