Marin - January 2026.pdf

Marin County Real Estate

January 2026 Report

Photo by Heidi de Vries, used under the Creative Commons License

In 2025, Bay Area real estate markets started the year seeing strong buyer demand, but had the wind taken out of their sails by the political/economic uncertainty that soared in early spring. Then, in midlate summer, stock markets rebounded to hit new highs, and interest rates began a sustained decline, initiating a shift in the psychology of buyers and sellers that is still developing. Still, national consumer confidence readings showed a significant split between the outlooks of more and less affluent households, and that affected market segments in different ways. Generally speaking, more expensive markets, powered by increasing demand from affluent buyers seeing substantial increases in household wealth from stock market gains, performed better than more affordable markets, which tended to be more impacted by concerns regarding inflation, affordability and employment. Of course, Marin is a very affluent market. Most of the analyses in this report focus on annual statistics, which, of course, summarize a year of rapidly changing economic conditions. Overall, as measured by a range of standard indicators, the 2025 real estate market was similar to 2024, maybe slightly cooler. The median house sales price was essentially unchanged. As 2026 begins, interest rates are near multi-year lows and stock markets are at or close to all-time peaks. Early in the new year, it is common for buyers, re-energized to move forward with major life decisions, to jump back into the market faster than sellers list their homes for sale. This disparity of increasing demand versus a low supply of new listings usually runs through the spring, typically making these months the most heated selling season of the year. Last year, this was upended by the tariff shock. Barring new, unexpected economic alarms, we expect this spring to be much stronger. NOTE: This report includes an image link to our comprehensive review of city and town home values and market dynamics.

Report createdingood faithusing data fromsources deemedreliable but may containerrorsand subject to revision. Last period figures are preliminary estimates based on data available early in the following month. All numbers approximate and may change with late-reported activity.

Mortgage Interest Rates in 2025 – 2026 YTD 30-YearConformingFixed-RateLoans,WeeklyAverageReadings* 7.0

Per Freddie Mac (FHLMC), on January 8, 2026, the weekly average, 30-year, conforming-loaninterest rate was 6.16%, very close to its 2-year low.

Percentage InterestRate

6.8

6.6

6.4

6.2 Jan. 2025

Rates vary widely according to the property, price, borrower and lender.

*Freddie Mac (FHLMC), 30-Year Fixed Rate Mortgage Weekly Average: https://www.freddiemac.com/pmms. Data from sources deemed reliable. Different sources of mortgage data sometimes vary in their determinations of daily and weekly rates. Data from sources deemed reliable but may contain errors. All numbers approximate.

Jan-26

Dec-25

Dec-25

Nov-25

Nov-25

Oct-25

Oct-25

Sep-25

Sep-25

Aug-25

Aug-25

Jul-25

Jul-25

Jul-25

Jun-25

Jun-25

May-25

May-25

Apr-25

Apr-25

Mar-25

Mar-25

Feb-25

Feb-25

Jan-25

Jan-25

Jan-25

6.0

Financial Markets, 2025 – 2026 YTD Percentage Increases in S&P 500 & Nasdaq since 1/2/25

10/29/25 ▼

25%

Nasdaq Index: % Change since 01/25 20%

S&P 500 Index: % Change since 01/25 15% 10%

Updatedthrough 1/7/26 5%

-10%

Tariff shock ► -15% -20%

Large changes in stock markets can dramatically affect household wealth, consumer confidence and housing markets, especially more affluent markets.

-25% Data per MarketWatch.com. Data from source deemed reliable but may contain errors and subject to revision. Financial market values change constantly and all numbers to be considered approximate. Financial markets can be prone to significant volatility even on a short-term basis.

01-Jan-26

01-Dec-25

01-Nov-25

01-Oct-25

01-Sep-25

01-Aug-25

01-Jul-25

01-Jun-25

01-May-25

01-Apr-25

01-Mar-25

01-Feb-25

-5%

01-Jan-25

0%

Economic Policy Uncertainty Index*

By Month since January 2000 April 2025

450

The Economic Policy Uncertainty Index reading in November 2025 ticked up slightly. It has plummeted since April’s tariff shock, though remains elevated by long-term norms.

400

Tariff shock ► Pandemic hits

The Economic Uncertainty Index is constructed from data analysis of 1) an index of search results from 10 large newspapers for terms related to economic and policy uncertainty, 2) reports by the Congressional Budget Office, and 3) the Federal Reserve Bank of Philadelphia's Survey of Professional Forecasters.*

350

300

250 Dec. 2025

Dotcom crash & 9/11

200

150 Subprime crash & great recession

100

2025

2025

2024

2023

2022

2021

2020

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

*Source: 'Measuring Economic Policy Uncertainty' by Scott Baker, Nicholas Bloom and Steven J. Davis, 3component index, www.PolicyUncertainty.com, https://www.policyuncertainty.com/us_monthly.html.

Data from sources deemed reliable, but numbers to be considered approximate and subject to revision.

2019

Updated through December 2025

50

Marin County Median Home Sales Price by Year Annual Median House Sales Prices, 1990 – Present 2022

Median prices are generalities, most useful to discern broad market trends. They can be affected by other factors besides changes in fair market value. The county contains cities, towns and neighborhoods of widely varying values.

The median house sales price in 2025 was essentially unchanged from 2024.

$1,800,000 $1,600,000 $1,400,000 $1,200,000

2007 $1,000,000

Mid-90’s recovery to dotcom boom

$778,290 2012 $810,880 2013 2014 $758,040 2015 $784,320 2016 $938,920 2017 $1,021,400 2018 $1,100,000 2019 $1,189,000 2020 $1,250,000 2021 $1,360,000 2022 $1,310,000 2023 $1,470,000 2024 $1,625,000 2025 $1,750,000

$976,720 2008 $965,080 2009 $1,037,540 2010 $962,190 2011

Market crash Collapse in loan standards & recession

*Per CA. Association of Realtors annual historical survey for existing single-family dwellings. Last year an estimate based on sales reported to NorCal MLS Alliance by early January. Data from sources deemed reliable but may contain errors and subject to revision. All numbers approximate and may change with late-reported sales. Various sources of data may calculate median sales prices slightly differently.

$600,000 $400,000

$200,000

$1,650,000 $1,700,000 $1,695,000

Recovery, high-tech & pandemic boom

1990 1991 1992 $356,800 1993 $348,040 1994 $338,000 1995 $333,420 1996 $347,230 1997 $344,600 1998 $364,840 1999 $380,930 2000 $431,810 2001 $518,770 2002 $643,250 2003 $673,510 2004 $715,010 2005 $738,880 2006 2007 $871,700

Early 90’s recession, after 80’s boom

$800,000

$0

Marin County Year-over-Year Appreciation Rates since 1990 Y-o-Y Percentage Change in Annual Median HOUSE Sales Price* 30%

2000

20%

24%

1990

Subprime bubble

20%

19%

20%

18%

15%

13%

Rebound from foreclosure prices ►

High-tech boom

10% 4%

5%

15%

12%

11%

2007 6%

Pandemic boom

5%

4%

8%

6%

4%

3%

Early 1990’s recession

9%

9% 8%8%

Foreclosure crisis

6%

5% 3%

3% 0%

-5%

-2% -3%-1%

Dotcom boom

-20%

Annual appreciation rates often varied widely between submarkets within the county. How this chart applies to any particular property is unknown without a specificcomparative market analysis.

-7%

-7%

-19%

*Sales reported to MLS: year-over-year median existing house sales price appreciation rates, per CA Association of Realtors or NorCal MLS Alliance. Percentage-change labels rounded to nearest full percentage point. All numbers approximate, may contain errors and subject to revision, and may change with late reported sales.

-5%

-6%

Interest rates jump ▲

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

-1%

-10% -15%

2007

2006

2005

2004

2003

2002

2001

2000

1999

1998

1997

-…

1996

1995

1994

1993

1992

1991

1990

0%

2025

25%

Annual Median House Sales Prices

Median sales price can be affected by factors besides changes in fair market value.

byBayAreaCounty+Sacramento,2012–2025* 2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025 2,000,000

Due to specific market conditions and economic factors – such as the pandemic boom, interest rate changes, stock markets, the AI boom – appreciation rates between counties vary year-to-year, but over the longer term, county home prices throughout the region tend to move roughly in parallel.

1,750,000

1,500,000

Home values vary widely across submarkets within the county markets.

1,250,000

1,000,000

750,000

500,000

250,000

0

Sacto

Solano

Sonoma

Contra Monterey Costa

Napa

Alameda

Santa Cruz

Marin

San Francisco

*Sales reported to MLS, per the CA Association of Realtors, or NorCal MLS Alliance. Data from sources deemed reliable but may contain errors and subject to revision. All numbers approximate. Different data sources sometimes calculate median house sales prices using varying methodologies.

Santa Clara

San Mateo

Marin County: Median House $/Sq.Ft. Values Median House Values by Year since 2005*

2022

The median house $/sq.ft. value in 2025 was slightly down from 2024.

$900

Median values are generalities, most useful to discern broad market trends. They can be affected by other factors besides changes in fair market value. Values vary widely across submarkets within the county.

$800 $700 $600

2007

$500 Recovery, high-tech boom, pandemic boom

$400 $300

Market crash & recession

$200

*Per NorCal MLS Alliance Infosparks calculations, for sales reported to MLS. Median value is that value at which half the sales occurred for more and half for less. Data from sources deemed reliable but may contain errors and subject to revision. All numbers approximate and may change with late-reported sales.

2025$854

2024$868

2023$871

2022$930

2021$849

2020$736

2019$663

2018$682

2017$644

2016$608

2015$571

2014$521

2013$481

2012$400

2011$382

2010$417

2009$425

2008$500

2007$553

2006$524

2005$531

$100 $-

Marin County Median Condo Prices

The median condo sales price in 2025 was very slightly up from 2024.

AnnualMedianCondoSalesPricebyYearsince 2005 Median prices are generalities, most useful to discern broad market trends. They can be affected by other factors besides changes in fair market value. Values vary widely across the many communities in the county.

2022

$700,000 Pandemic market

2007

$600,000

$500,000

Subprime bubble

$400,000 Recovery & high-tech boom $300,000 Foreclosure crisis & recession

$200,000

Per sales reported to NorCal MLS Alliance by early January 2026. Median sales price is that price at which half the sales occurred for more and half for less. Data from sources deemed reliable but may contain errors and subject to revision. All numbers approximate and may change with late-reported sales.

2025$675,000

2024$665,000

2023$700,000

2022$750,000

2021$700,000

2020$699,000

2019$637,750

2018$669,500

2017$599,000

2016$590,000

2015$560,000

2014$495,000

2013$425,000

2012$324,500

2011$309,950

2010$353,000

2009$320,500

2008$400,000

2007$569,000

2006$548,250

2005$540,000

$100,000

$-

Marin County Market MedianHouseSalesPrices& High Sales, $5 Million+* Belvedere Stinson Beach Tiburon Ross Kentfield

Larkspur Mill Valley Sausalito Greenbrae

$5,800,000

High Price Sale: $15,000,000

$5,315,000

High Price Sale: $14,500,000

$3,600,000

High Price Sale: $13,217,000

$3,400,000

High Price Sale: $15,700,000

$2,900,000

High Price Sale: $13,000,000

$2,575,000

High Price Sale: $10,250,000

$2,293,500

High Price Sale: $11,500,000

$2,275,000

High Price Sale: $7,500,000

Bolinas

$2,200,000

Corte Madera

$1,825,000

San Anselmo Central San Rafael

$1,825,000 $1,807,500

Inverness

$1,467,500

Dillon Beach

$1,460,000

N. San Rafael Novato Fairfax San Geronimo Vly

High Price Sale: $5,625,000

12 months sales through mid-December 2025

Median house price in the Bay Area is approx. $1,300,000.

Median sales price is that price where half the homes sold for more and half for less. It is a very general statistic that typically disguises a huge range of prices in the underlying sales. It can be affected by a variety of factors, including location, median home size, lot size, quality of construction, amenities, views, parking and so on.

$1,250,000

This chart applies to HOUSE sales. The median condo sales price was $690,000, and the median townhouse price was $850,000. The majority of condo and townhouse sales were in San Rafael and Novato.

$1,155,000 $1,055,000

Markets with lower sales volumes often see more fluctuation in their median sales prices.

$1,400,000 $1,380,000

High Price Sale: $6,850,000

High Price Sale: $5,100,000 *12 months sales reported to NorCal MLS Alliance by mid-December 2025. Data derived from sources deemed reliable but may contain errors and subject to revision. Not all sales are reported to MLS. All numbers approximate.

A view of a valley with trees and a city in the background Description automatically generated

Marin County Homes Market st Active&Coming-SoonListingson1of Month*

649

As is the normal seasonal trend, the number of listings for sale on January 1st fell to its annual low count. Inventory will now start to rapidly increase.

2/1/22

579 582

3/1/22 4/1/22 5/1/22 6/1/22 7/1/22 8/1/22 9/1/22 10/1/22

428 414

332

262 233 212 16196 3

215212226

310

500

413

405 382

354

342 1/1/2311/1/22 2/1/2312/1/22 3/1/23

312

356 352 3233 34 316

423 426

373

400

311

272

1941 99

11/1/23 12/1/23 4/1/23 1/1/24 5/1/23 5/1/24 2/1/24 10/1/23 9/1/23 8/1/23 6/1/23 3/1/24 7/1/23 4/1/24

3813 80 360

600

516 509 494

506 474

484

466 447

588

The quantity of active listings on a given day is affected by 1) the number of new listings coming on market, 2) how quickly buyers put them into contract, 3) the sustained heat of the market over time, and 4) sellers pulling homes off the market without selling.

* Active/Coming-Soon listings posted to NorCal MLS Alliance. Data from sources deemed reliable but may contain errors and subject to revision. Not all listings are posted to MLS. All numbers approximate. The number of active listings constantly changes.

278

201

300

186 200

100 Updated January 1, 2026 0

Marin County: Annual New-Listing Volume NumberofNewListingsComingonMarketbyYear,since 2018* 3382

3500 3,500

3098 2934

2832

The number of new listings in 2025 rose over 9% from 2024.

2,838

3,000

2,596 Pandemic market

2,500

2260

2,000 Interest rates soar 1,500

1,000

500

0

2018

2019

2020

2021

2022

2023

*Per Realtor.com Research, listings posted to site as entered into MLS. Data from sources deemed reliable but may contain errors and subject to revision. All numbers approximate and may change due to latereported activity. Not all listings are posted to MLS.

2024

2025

Monthly Sales Volume MarinCountyMarketDynamics & Seasonality

Sales in one month mostly reflect accepted offers in the previous month, i.e., they are a lagging indicator of market conditions. Sales volume typically hits it annual low in January, reflecting the holiday market slowdown in December and early January.

June 2021

May 2022

400 350

May 2024

June 2023

300

May 2025

Oct.

Oct.

January

Oct.

250

150

January

January

January

January

200

100 50

Sales of houses, condos, townhouses reported to NorCal MLS Alliance, per Infosparks. Data from sources deemed reliable but may contain errors and subject to revision. Last month estimated based on available information and may change with late reported sales. All numbers approximate.

Nov-25

Sep-25

Jul-25

May-25

Mar-25

Jan-25

Nov-24

Sep-24

Jul-24

May-24

Mar-24

Jan-24

Nov-23

Sep-23

Jul-23

May-23

Mar-23

Jan-23

Nov-22

Sep-22

Jul-22

May-22

Mar-22

Jan-22

Nov-21

Sep-21

Jul-21

May-21

Mar-21

Jan-21

Updated through December 2025

0

The number of sales in 2025 rose about 5% from 2024.

Marin County Annual Sales Volume Number of Home Sales by Year, since 2005*

4,000

Annual Sales

Sales volume is affected byboth buyerdemandand the number of listings availabletopurchase,whicharedeeply impacted by positiveand negative economicconditions.

3559

3026

3040

3191

3078 2913

2800

2877

3,000

2777

2548 2363

Subprime bubble

3,500

3077 3017 2801

2563

3610

2113

Market recovery and high-tech boom 2211

2208

2284

2398

Pandemic market

2,500

2,000 Interest rates soar

Foreclosure crisis & great recession

1,500

1,000

500

*All attached and detached residential home sales reported to NorCal MLS Alliance per Infosparks calculations. Data from sources deemed reliable but may contain errors and subject to revision. All numbers approximate, with last year’s total estimated based on available data in early January and may change due to late-reported sales. Not all sales are reported to MLS.

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

0

Marin County: Annual Sales - $5,000,000+ Number of Luxury Home Sales by Year, since 2005* 2021 128

Sales: $5 Million+

Sales: $10 Million+ 120

113

Sales of higher-price homes are affected by buyer demand, the number of listings available to purchase, and appreciation trends – all of which are impacted by economic and demographic conditions.

As appreciation occurs over time, homes that would have sold for under $5 million, then sell for over that price threshold (and vice versa if prices fall).

99

99

100

85 79

80

Pandemic market

The number of $5 million+ home sales in 2025 was unchanged year over year, though $10 million+ sales rebounded.

60 Interest rates soar

17 10

5

5

20

6

5

*All attached and detached residential home sales reported to NorCal MLS Alliance per Infosparks calculations. Data from sources deemed reliable but may contain errors and subject to revision. All numbers approximate, with last year’s total estimated based on available data in early January and may change due to late-reported sales. Not all luxury home sales are reported to MLS.

2025

2024

2023

2021

2020

2019

0 2017

2016

2015

2014

17

6

3

2

40

22

2018

7

3

1 2012

2011

1

Market recovery& high-tech boom

18

17

2013

2

0 2009

2008

2007

3

2010

4

0 2006

2005

Great recession 16 13 12

14

1

46

38 23

18

48

46

43

2022

46

2007 37

Marin County Residential Market 2025 Home Sales by Price Segment* There were 17 reported sales of $10 million+.

$5,000,000 - $7,499,999

3%

$4,000,000 - $4,999,999

3%1%

$7,500,000 +

8%

25%

$3,000,000 - $3,999,999

Under $1,000,000

16%

Sales by Property Type* 79% • House 15% • Condo Townhouse 6% •

$2,000,000 – $2,999,999

$1,500,000 - $1,999,999

The great majority of sales under $1,000,000 were condos and townhouses.

$1,000,000 - $1,499,999

18%

*Sales reported to NorCal MLS Alliance by late December 2025. Not all sales are reported to MLS. Data from sources deemed reliable but may contain errors and subject to revision.

All numbers approximate and may change with late-reported sales.

26%

46% of home sales were in Novato & San Rafael, the county’s 2 largest markets.

Percentage of Listings Accepting Offers MarinCounty:AverageMonthlyAbsorptionRateby Year* 50% Absorption rate is the comparison of buyer demand vs. the supply of homes for sale: The higher the percentage, the more heated and competitive the market.

49% Peak of pandemic boom

40%

40%

36%

35%

30%

31%

30%

28% High economic volatility

20%

10%

| Interest rate changes impact the market

0%

2019

2020

2021

2022

2023

*Average of monthly readings within each year. Bareis MLS reported data for houses, condos and townhouses, per Broker Metrics. Last year may change with late reported activity. Data from sources deemed reliable but may contain errors and subject to revision. All numbers approximate.

2024

2025

Marin County – Speed of Sale MedianDaysonMarket,AnnualReadings by Year, since 2005* 87

90

85

This statistic is an indicator of the strength of buyer demand vs. the supply of homes for sale, measuring – for homes sold – the average time between a listing coming on market and offer acceptance.

77

65

Foreclosure crisis & great recession

49

70

The market typi call y sees substantial seasonal variations in this metric, which do not appear in this annual trend chart. Generally speaking, more expensive homes usually take substantially longer to sell than more affordable homes.

59 49

80

38 34

36

36 33

60 50 40

36 32

29

28 25

30

22

20

Market recovery & high-tech boom

27

20

16

10

Pandemic market

*Median cumulative days on market: All attached and detached residential home sales reported to NorCal MLS Alliance per Infosparks calculations. Data from sources deemed reliable but may contain errors and subject to revision. All numbers approximate and may change due to late-reported sales. Not all sales are reported to MLS.

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

0

Marin County – Overbidding Asking Price PercentageofSalesOverListPrice,AnnualReadings,since 2005* Generally speaking, the stronger the demand as compared to the supply of homes for sale, the more buyers compete to win the sale by overbidding asking price. Expensive homes typically see less overbidding than more affordable homes.

62% 59%

51% 47%

46%

60%

50%

50%

47%

45%

44%

45%

44%

Subprime bubble

38%

42%

Pandemic market

39%

40%

33% 30%

Market recovery and high-tech boom

25% 22% 19% 16%

17%

19%

20%

Foreclosure crisis/ great recession

10%

*Sales over final list price: All attached and detached residential home sales reported to NorCal MLS Alliance per Infosparks calculations. Data from sources deemed reliable but may contain errors and subject to revision. All numbers approximate and may change due to late- reported sales. Not all sales are reported to MLS.

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

0%

Marin County: Overbidding & Underbidding SalesPricetoListPricePercentage,AnnualReadings,since 2005* 100% = an average sales price at the original asking price; 105% = an average sales price 5% above asking; 95% = an average sales price 5% below asking.

101% 100% 100%

▲ Over asking price ▼ Under asking price

100%

96%

100%

101%

100%

100% 99%

Market recovery and high-tech boom 96%

96%

93%

92%

93%

105% 105%

105%

100%

99%

Pandemic market

99%

100%

Percentages rounded 95%

92%

Foreclosure crisis & great recession

90%

*The ratio of sales price to the original list price: All attached and detached residential home sales reported to NorCal MLS Alliance per Infosparks calculations. Percentages rounded. Data from sources deemed reliable but may contain errors and subject to revision. All numbers approximate and may change due to late-reported sales. Not all sales are reported to MLS.

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

85%

Annual Number of Price Reductions MarinCountyMarketDynamics,byYearsince2017* 1674

1408 Interest rates rise

The number of price reductions is affected by changes in economic conditions, the strength of buyer demand, seller expectations, and the number of active listings on the market.

1538

1,600

High economic volatility

1,400

1178

1,200

1080 1006

956 High-tech boom

Pandemic hits

1018 1,000

Interest rates soar

800

642 600 Historic lows in interest rates 400

200

0

2017

2018

2019

2020

2021

2022

*PerRealtor.comResearch, listingsposted tosite. Data from sources deemed reliable but may contain errors and subject to revision. All numbers approximate.

2023

2024

2025

Bay Area Median House Values by County 2025 Sales By Bedroom/Bath Count*

More expensive Marin: Ross/Kentfield & South.

More affordable Marin: San Anselmo/San Rafael & North

4 Bedroom, 3 Bath Houses County

5+ Bedroom, 4+ Bath Houses, 3000+ sq.ft.

In alphabeticalorder

Median Sales Price

Median Square Footage

Median Dollar per Square Foot

Median Sales Price

Alameda County

$1,626,500

2195 sq.ft.

$739/sq.ft.

$2,750,000

Contra Costa More Expensive Marin County More Affordable Marin County

$1,075,000

2338 sq.ft.

$478/sq.ft.

$2,650,000

$2,850,000

2590 sq.ft.

$1118/sq.ft.

$4,850,000

$1,675,000

2430 sq.ft.

$664/sq.ft.

$2,600,000

Napa County

$1,110,000

2307 sq.ft.

$511/sq.ft.

$4,000,000

San Francisco

$2,200,000

2276 sq.ft.

$974/sq.ft.

$5,500,000

San Mateo County

$2,622,500

2310 sq.ft.

$1103/sq.ft.

$6,050,000

Santa Clara County

$2,210,000

2204 sq.ft.

$1023/sq.ft.

$4,620,000

Santa Cruz County

$1,550,000

2182 sq.ft.

$677/sq.ft.

$2,275,000

Solano County

$700,500

2216 sq.ft.

$317/sq.ft.

$966,000

Sonoma County

$920,000

2268 sq.ft.

$423/sq.ft.

$2,055,000

Median Sq.Ft./ Median Lot Size 3869 sq.ft. .25 acre 3983 sq.ft. .37 acre

*Sales reported to NorCal MLS Alliance in 2025 through mid-December 2025. Counties contain submarkets of widely varying values. “Fixer-uppers” excluded. Median values fluctuate for reasons besides changes in fair market value. Data from sources deemed reliable but may contain errors and subject to revision. All numbers approximate, and data constantly changes as new sales occur. Not all sales are reported to MLS.

4330 sq.ft. .50 acre 3734 sq.ft. .36 acre 4456 sq.ft. .54 acre 4270 sq.ft. .07 acre 4545 sq.ft. .51 acre 3991 sq.ft. .31 acre 4122 sq.ft.

1.13 acres 3680 sq.ft. .21 acre 3964 sq.ft. .79 acre

Median Dollar per Square Foot $694/sq.ft. $642/sq.ft. $1089/sq.ft. $650/sq.ft.

$941/sq.ft. $1232/sq.ft. $1375/sq.ft. $1158/sq.ft. $616/sq.ft. $279/sq.ft. $513/sq.ft.

Bay Area Median House Values by County 2025 Sales By Bedroom/Bath Count*

More expensive Marin: Ross/Kentfield & South.

More affordable Marin: San Anselmo/San Rafael & North

2 Bedroom, 1-2 Bath Houses County

3 Bedroom, 2 Bath Houses

Median Sales Price

Median Square Footage

MedianDollar per Square Foot

Median Sales Price

Median Square Footage

Median Dollar per Square Foot

$785,000

1067 sq.ft.

$735/sq.ft.

$1,125,000

1428 sq.ft.

$784/sq.ft.

$575,000

1019 sq.ft.

$561/sq.ft.

$725,000

1444 sq.ft.

$528/sq.ft.

$1,480,500

1320 sq.ft.

$1197/sq.ft.

1,937,500

1686 sq.ft.

$1131/sq.ft.

$1,012,500

1169 sq.ft.

$892/sq.ft.

$1,258,000

1566 sq.ft.

$790/sq.ft.

San Francisco

$787,000

1060 sq.ft.

$775/sq.ft.

$820,000

1447 sq.ft.

$597/sq.ft.

San Mateo County

$1,318,000

1188 sq.ft.

$1083/sq.ft.

$1,587,000

1575 sq.ft.

$1005/sq.ft.

Santa Clara County

$1,380,000

1080 sq.ft.

$1292/sq.ft.

$1,700,000

1510 sq.ft.

$1153/sq.ft.

Santa Cruz County

$1,250,000

1058 sq.ft.

$1197/sq.ft.

$1,725,000

1383 sq.ft.

$1249/sq.ft.

Solano County

$855,000

1039 sq.ft.

$792/sq.ft.

$1,255,000

1600 sq.ft.

$758/sq.ft.

Sonoma County

$445,000

1216 sq.ft.

$350/sq.ft.

$549,000

1429 sq.ft.

$388/sq.ft.

$695,000

1203 sq.ft.

$577/sq.ft.

$799,000

1518 sq.ft.

$532/sq.ft.

In alphabeticalorder

Alameda County Contra Costa More Expensive Marin County More Affordable Marin County Napa County

*Sales reported to NorCal MLS Alliance in 2025 through mid-December 2025. Counties contain submarkets of widely varying values. “Fixer-uppers” excluded. Median values fluctuate for reasons besides changes in fair market value. Data from sources deemed reliable but may contain errors and subject to revision. Numbers approximate, and data constantly changes as new sales occur. Not all sales are reported to MLS.

Bay Area Median Condo & Townhouse Values 2025 Sales By Property Type & Bedroom/Bath Count* 2 Bedroom, 2 Bath Condos

County

More expensive Marin: Ross/Kentfield & South.

More affordable Marin: San Anselmo/San Rafael & North

3 Bedroom, 2-3 Bath Townhouses

In alphabeticalorder

Median Sales Price

Median Square Footage

Median Dollar per Square Foot

Median Sales Price

Median Square Footage

MedianDollar per Square Foot

Alameda County

$600,000

1078 sq.ft.

$558/sq.ft.

$887,000

1519 sq.ft.

$608/sq.ft.

Contra Costa More Expensive Marin County More Affordable Marin County

$549,500

1134 sq.ft.

$497/sq.ft.

$789,000

1555 sq.ft.

$524/sq.ft.

$975,000

1187 sq.ft.

$831/sq.ft.

$1,480,500

1595 sq.ft.

$891/sq.ft.

$550,000

1112 sq.ft.

$541/sq.ft.

$845,000

1598 sq.ft.

$506/sq.ft.

Napa County

$967,500

1052 sq.ft.

$929/sq.ft.

Too few sales

San Francisco

$1,258,000

1191 sq.ft.

$1051/sq.ft.

Too few sales

San Mateo County

$865,500

1185 sq.ft.

$742/sq.ft.

$1,485,000

1625 sq.ft.

$887/sq.ft.

Santa Clara County

$780,000

1140 sq.ft.

$694/sq.ft.

$1,334,000

1571 sq.ft.

$841/sq.ft.

Santa Cruz County

$772,500

1141 sq.ft.

$652/sq.ft.

$976,000

1531 sq.ft.

$635/sq.ft.

Solano County

$360,000

1036 sq.ft.

$340/sq.ft.

$500,000

1480 sq.ft.

$319/sq.ft.

Sonoma County

$417,000

1065 sq.ft.

$398/sq.ft.

$535,000

1324 sq.ft.

$386/sq.ft.

*Sales reported to NorCal MLS Alliance in 2025 through mid-December 2025. Counties contain submarkets of widely varying values. “Fixer-uppers” excluded. Median values fluctuate for reasons besides changes in fair market value. Data from sources deemed reliable but may contain errors and subject to revision. Numbers approximate, and data constantly changes as new sales occur. Not all sales are reported to MLS.

A satellite image of a bay AI-generated content may be incorrect.

Statistics are generalities, essentially summaries of widely disparate data generated by dozens, hundreds or thousands of unique, individual sales occurring within different time periods. They are best seen not as precise measurements, but as broad, comparative indicators, with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, especially in smaller, expensive market segments. Last period data should be considered estimates that may change with late-reported data.

Different analytics programs sometimes define statistics – such as “active listings,” “days on market,” and “months supply of inventory” – differently: what is most meaningful are not specific calculations but the trends they illustrate. Most listing and sales data derives from the local or regional multi-listing service (MLS) of the area specified in the analysis, but not all listings or sales are reported to MLS and these won’t be reflected in the data. “Homes” signifies real-property, single-household housing units: houses, condos, co-ops, townhouses, duets and TICs (but not mobile homes), as applicable to each market. City/town names refer specifically to the named cities and towns, unless otherwise delineated. Multi-county metro areas will be specified as such. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers to be considered approximate.

Many aspects of value cannot be adequately reflected in median and average statistics: curb appeal, age, condition, amenities, views, lot size, quality of outdoor space, “bonus” rooms, additional parking, quality of location within the neighborhood, and so on. How any of these statistics apply to any particular home is unknown without a specific comparative market analysis.

Median Sales Price is that price at which half the properties sold for more and half for less. It may be affected by seasonality, “unusual” events, or changes in inventory and buying trends, as well as by changes in fair market value. The median sales price for an area will often conceal an enormous variety of sales prices in the underlying individual sales.

Dollar per Square Foot is based upon the home’s interior living space and does not include garages, unfinished attics and basements, rooms built without permit, patios, decks or yards (though all those can add value to a home). These figures are usually derived from appraisals or tax records, but are sometimes unreliable (especially for older homes) or unreported altogether. The calculation can only be made on those home sales that reported square footage.

Photo use under the Creative Commons License: https://creativecommons.org/licenses/by-sa/2.0/ Compass is a real estate broker licensed by the State of California, DRE 01527235. Equal Housing Opportunity. This report has been prepared solely for information purposes. The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information. Compass disclaims any and all liability relating to this report, including without limitation any express or implied representations or warranties for statements contained in, and omissions from, the report. Nothing contained herein is intended to be or should be read as any regulatory, legal, tax, accounting or other advice and Compass does not provide such advice. All opinions are subject to change without notice. Compass makes no representation regarding the accuracy of any statements regarding any references to the laws, statutes or regulations of any state are those of the author(s). Past performance is no guarantee of future results.