Market Snapshot
- Median listing price
- $2.63M
- Median rent
- $3,595/mo
- Days on market
- 260 days
- Gross rental yield
- 1.64%
- STR vs LTR
- $6,977/mo STR · $3,595/mo LTR
The median listing price in Mill Valley, CA ZIP 94941 is $2,625,000 as of June 2026.
The median market rent in Mill Valley, CA ZIP 94941 is $3,595/month as of June 2026.
The median days on market in Mill Valley, CA ZIP 94941 is 260 days as of June 2026. The market is currently hot.
At a median list price of $2,625,000 and a median rent of $3,595/month, the gross rental yield in Mill Valley, CA ZIP 94941 is 1.64% as of June 2026.
In Mill Valley, CA ZIP 94941, median Airbnb revenue is $6,977/month compared to median long-term rent of $3,595/month as of June 2026.
Mill Valley, CA 94941 Real Estate Market Report
ZIP Code: 94941
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Mill Valley, CA are approximately 6.6%, reflecting a period of elevated borrowing costs compared to the lower rate environment seen earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- median sold price: 2,500,000 — The median sold price remains the primary indicator of realized market value in Mill Valley; with a marketTemperature described as hot and a price year-over-year trend of up, recent transaction values suggest continued upward momentum and pricing power for SFR and condo sellers. hot
- median days on market: 260 — The extended median days on market points to slower transaction velocity than typical for a hot market and may indicate greater pricing friction or careful buyer selection; this appears to moderate liquidity despite strong price trends and suggests sellers may face longer wait times to achieve contract terms. slower sales velocity
- median listing price: 2,625,000 vs. median sold price: 2,500,000 — The gap between listing and sold medians suggests persistent seller pricing above recent transaction levels, which may lead to longer time-to-contract for properties that do not align with buyer valuation; sellers should consider pricing strategies that reflect the representative recent sale level to improve conversion. pricing friction
- median market rent: 3,595 and median price per square foot: 1,079 — Rental rates and per-square-foot pricing support continued investor and local demand, but moderate interest rate pressure (noted as moderate, with current 30-year fixed mortgage rates around 6.6%) may temper buyer affordability and pace of transactions; market participants should factor financing costs into pricing and hold/sell timing. moderate interest rate pressure
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold at market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 0.9% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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