Marin County is a picturesque region located just north of San Francisco. With its rolling hills, abundant wildlife, and dramatic coastline, Marin County is an outdoor lover's paradise. The county is home to over 200 miles of hiking and biking trails and several state and national parks. In addition, locals enjoy kayaking and stand-up paddleboarding in Tomales Bay, horseback riding on Mount Tamalpais, and picnicking in Muir Woods.
Alongside its natural beauty, Marin County is home to outstanding schools for growing families. All-in-all, Marin County has something to offer everyone, and the housing market will always be highly sought-after. If you’re interested in learning about Marin County real estate for sale, keep reading to learn about all that this area has to offer.
Recent housing trends in the San Francisco Bay Area
Marin County is part of California's San Francisco Bay Area real estate market. Before diving deeply into recent trends in the Marin County housing market, here are a few key points to note about the current state of the market for the San Francisco Bay Area. Despite the fact that homes in the Bay Area are selling for record prices, the Bay Area housing market has continued to slow from the competitive levels of the previous two years, providing favorable conditions for buyers who lost bids or waited out the fiercely competitive market.
Marin County property values rose to $95 billion in mid-2022, which is a 6.55% increase over the previous year. In addition, the median price of a Marin County single-family home surpassed $2 million as of April 2022. While the median price for the county had fallen slightly as of August 2022, the area overall boasts a robust housing market. This is especially true for luxury home prices in Marin County, which are skyrocketing due to high demand and low inventory.
Within Marin County as a whole, there is fierce competition for properties, as the inventory is quite limited, and no new homes are being built on pre-existing lots. The year-over-year appreciation rate for Marin County properties has been extremely high from 2020 to 2022, with Marin County home values per square foot also rising, despite a decrease in the third quarter.
A specific look at the cities
In Mill Valley, according to the monthly market report for August 2022, the median price of single-family homes was $2.03 million, with 31 active listings available. Homes here see a median of 23 days on the market.
In Larkspur, the median home price for single-family properties was $2.25 million as of August 2022. Similarly, Corte Madera single-family homes sold for a median price of $1.925 million.
In San Rafael, the median price for single-family homes was $1.5 million as of August 2022, and there were 47 active listings at that time as well. Homes here spend a median of 22 days on the market. Fairfax was priced similarly, with a median price of $1.477 million.
In Novato, as of August 2022, the median price of single-family properties was $1.22 million, and homes spend a median of 30 days on the market. There were also 50 active listings. San Anselmo properties were priced similarly as of August 2022, with a median price of $1.44 million and a median of 28 days on the market. However, there were only four active listings as of August.
A popular real estate scene
Excellent school options
There are also several exceptional private schools within the region. Marin Catholic High School in Kentfield is top-rated and provides an exceptional education with a student-teacher ratio of 14:1. Marin Academy is one of the highly-rated private high schools in San Rafael and focuses on getting students involved in problem-solving and creative thinking. San Domenico School in San Anselmo is another top private school for grades 3 through 9.
Phenomenal adventure spots
Marin County has no shortage of opportunities for outdoor recreation and exploration. From hiking the beautiful Muir Woods to biking at the state parks to enjoying all the open spaces, the nature-oriented lifestyle will always be a draw for real estate seekers looking for a fantastic place to live. With stunning views and great weather, Marin County is a paradise for nature lovers.
Buy or sell in Marin County
*Header photo courtesy of Shutterstock