14,240 people live in Mill Valley, where the median age is 47.9 and the average individual income is $110,356. Data provided by the U.S. Census Bureau.
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Population Density Population Density This is the number of people per square mile in a neighborhood.
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This is the 2023 Marin Real Estate year end market report.
Mill Valley’s real estate market showed a notable change this past year with decreases of homes and condo sales, peaking in 2021.
In 2023 there was an overall decrease in total housing inventory for sale for residential homes and condos. New listings dropping by 24% compared to 2022, with only 291 new listings for 2023, compared to 383 the year before.
The average $/SqFt sold price also decreased as well, 1,030 $/SqFt in 2023, as opposed to 1,136 in 2022, a 9.3% drop from last year.
The market has demonstrated a level of softening during this unprecedented time of interest rate hikes, with a median sales price of $2,110,000, an 3.9% decrease from the previous year, and an average sales price of $2,300,000, down 6%.
Along with a decrease in overall sales, the Mill Valley’s real estate market is trying to recover from the interest rate hikes of 2023 and the FED pivot that started in March 2022, evidenced by an increase in median days on the market at 27 days, and increase of 22.7% from this point last year.
Mill Valley's real estate market is buoyed by a thriving job market of San Francisco, known as a financial center and for its booming tech sector. I believe the next generation of AI technology companies will be created in San Francisco. Helping to increase demand for housing will inevitably lead to Marin.
During the pandemic, many people relocated out of San Francisco, however I believe that trend has normalized. That the greatest impacts of the Mill Valley real estate market of this past year have been primarily based on accelerated interest rate hikes and economic predictions of what may or may not materialize.
Moving forward, I believe corporations will slowly do away with the work from home philosophy, making it a requirement for people to get back into the office, leading to greater interest in moving back to the city. Thus, creating a more traditional demand to accommodate growing families in Marin County.
Additionally, Marin's fantastic communities, rich cultural scene, outdoor lifestyle, our educational institutions, and family-friendly environment will always be in demand.
Marin’s real estate market in 2023 was marked by market forces that impacted everyone. However, our local Marin real estate market will always be a resilient combination of economic growth and higher quality of life. That does come with a price, but it’s worth it.
Almonte and Tamalpais Valley / Bay View Terrace / Blithedale Canyon, Middle Ridge / Boyle Park, Soctt Highland / Cascade Canyon, Lovell Avenue / Edgewood, Cypress / Homestead Valley, Mill Ave /Horse Hill /Kite Hill, Scott Valley / Panoramic / Shelter Ridge / Strawberry / Sycamore Park, Tamalpais Park
Mill Valley has 5,622 households, with an average household size of 2.52. Data provided by the U.S. Census Bureau. Here’s what the people living in Mill Valley do for work — and how long it takes them to get there. Data provided by the U.S. Census Bureau. 14,240 people call Mill Valley home. The population density is 2,977.68 and the largest age group is Data provided by the U.S. Census Bureau.
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Population Density Population Density This is the number of people per square mile in a neighborhood.
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I first strive to understand your unique situations, whether you are buying or selling. Through asking questions and attentively listening, I support and guide you in finding the best fit.
