Mill Valley Housing Market Report – July 2026
Here's a look at how the Mill Valley, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 30
- Median Sale Price: $1,715,000
- Average Sale Price: $2,404,167
- Average Price Per Sq Ft: $1,106
- Average Days on Market: 57
- Sale-to-List Price Ratio: 105.6%
Month-Over-Month Trends
Compared to June, the median sale price in Mill Valley moved 29.7% down (from $2,440,000 to $1,715,000). The number of homes sold was 38.8% down compared to the prior month (49 vs. 30). Average days on market shifted 46.2% up (39 days to 57 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 25.4% down (from $2,300,000 to $1,715,000). Sales volume is 3.2% down year-over-year.
What This Means
Mill Valley's housing market is showing clear signs of cooling as we head into late summer. July brought just 30 sales, down nearly 39% from June, though some of this drop likely reflects normal seasonal patterns as families settle into summer routines rather than house hunting. More telling is the median price decline of nearly 30% month-over-month to $1.715 million, suggesting sellers are adjusting expectations in response to reduced buyer interest. Homes are also lingering longer on the market, with average days on market jumping from 39 to 57 days, indicating less urgency among buyers.
The year-over-year comparison paints a similar picture. Median prices have dropped 25.4% compared to July 2025, signaling a meaningful softening in valuations across the market. However, the sale-to-list price ratio of 105.6% shows that homes are still commanding premiums over asking—a reminder that Mill Valley remains a desirable community despite the pullback. With 76 active listings on the market, inventory levels are climbing, which typically favors buyers.
At $1.106 per square foot, pricing remains elevated, but the trend is downward. Buyers with patience may find more negotiating power than they've had in recent years as the market transitions from seller-favorable to more balanced conditions.
Mill Valley Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94941 | 30 | $1,715,000 | $1,106 | 57 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 23 | $1,975,000 | $1,176 |
| CONDOS | 4 | $1,043,500 | $848 |
| CONDO | 2 | $1,500,000 | $892 |
| TOWNHOMES | 1 | $1,505,000 | $958 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $500K - $749K | 1 |
| $750K+ | 29 |
Current Active Listings
As of this report, there are 76 active listings in Mill Valley with a median asking price of $1,690,000 and an average of 74 days on market.
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