Marin County Real Estate Market Report
July 2023

July 2023 Marin County Real Estate market report

Marin Real Estate Market Report

July 2023

In June we saw the market continue to cool versus the same time last year, but the market has picked up considerably compared to earlier in the year. The median home price in Marin County was $1.9 million, down 15% from June 2022, while the number of homes on the market was down 40% compared to the same time period. Well-priced and well-presented homes are still moving quickly, and in some cases they are still seeing multiple offers.

San Rafael has seen some impressive sales in the last month. 135 Forbes Avenue in the ultra-hot Forbes neighborhood listed for $1,880,000 and sold for $3,010,000 – a whopping $1,130,000 over the asking price. 

Another example of a home that performed well was 158 Alpine Street in San Rafael, which must have broken some records when it went for $411,000 over its asking price of $1,099,000. While the 2 BR/1BA home was relatively small at 1,099 square feet, it was completely re-done and looked like it was straight out of Instagram. It also helped that it was in San Rafael’s ot Sun Valley neighborhood, across the street from a playground and a quick walk to Andy’s Sun Valley Market.  The home was impeccably presented and the results speak for themselves.

What’s Happening in My World

I have been working with many buyers lately and I tend not to share their stories as I want to protect their privacy. I just launched 115 Oak Drive in San Rafael in partnership with Global Estates. This is an amazing 3 BR/2BA home plus a separate guest cottage located in a hidden coastal enclave. I also have a stunning Frank Lloyd Wright inspired home launching this month in the Bret Harte Heights area of San Rafael. This lovely mid-century modern home is on an acre and features a pool and panoramic views. After Labor Day, I also have a stunning Mill Valley home launching with panoramic views . Stay tuned – you won’t want to miss these spectacular homes!

How Can I Help?

While the market is shifting, there are many opportunities out there for smart buyers and sellers. Let me help pave the road to success for you!

These market reports are a great place to start, but let’s continue the conversation. I am always happy to discuss the market and the best way to approach buying or selling a home in Marin County or the greater Bay Area. Call or text me anytime at 415-847-5584

Check Out My Sizzle Reel!

From the Golden Gate Sotheby’s Bay Area Market Report…


The SF Bay Area housing market rebounded during the second quarter, with sales accelerating each month within the quarter and pricing recovering in most neighborhoods. The regional economy also continued to expand, with a net increase in employment and higher wages despite tech industry layoffs. In the first half of the year, roughly 100,000 jobs were created throughout the SF Bay Area and the unemployment rate remained in the low-3% range. The tight labor market continued to drive income growth, helping to improve housing affordability even as mortgage rates rise. While migration out of the region continues, job prospects attracted new residents to take their place and some households that left the SF Bay Area in recent years returned.

Median Home Prices San Francisco Bay Area 2023 vs 2022


Sales volume in the second quarter increased to roughly 10,700 homes sold, an increase of 57% from the first quarter, underscoring that buyer demand persists despite higher mortgage rates. While aggregate sales were lower than one year ago, part of this can be attributed to the lack of inventory constraining buyer options. The number of closed sales increased from the first quarter in every county in the SF Bay Area, led by Marin County where sales more than doubled. Though the smallest increases were in Napa and Solano counties, sales in these areas still increased by roughly one-third from the previous quarter.


Sales activity accelerated in all price categories during the second quarter. In recent months, higher priced sales increased much more than the broader market. The number of sales increased by roughly 85% for homes priced between $1.25 and $2.5 million. Sales of homes priced above $2.5 million more than doubled from the first quarter. In particular, total sales in the $2.5 million to $3.5 million range increased by nearly 115%. However, over the past year, sales in the lower-price tiers have recovered slightly better than higher-priced homes. Sales of homes priced less than $1 million were only roughly 15% lower than one year ago, while all other categories were more than 30% off the pace.


Despite economic headwinds, moderating inflation and still-strong labor market should continue to support accelerating sales activity. With limited inventory expected through the remainder of the year, pricing should stabilize. Buyer competition may increase further, with a growing share of homes sold above the list price through the summer buying season.

Please click here to read the full report.

What My Clients Are Saying…

Just Listed

115 Oak Drive | San Rafael

115 Oak Drive San Rafael California back garden and guest house

Sophisticated Gem Located in Hidden Coastal Enclave

Exclusively Offered for $2,350,000

Just Sold

1141 S. Eliseo Drive | Greenbrae

1141 South Eliseo Greenbrae Condo for sale living room

Newly Remodeled Waterfront, Top-Floor Condo in Coveted Greenbrae Location with Panoramic Views

Sold in 5 Days for $75,00 Over Asking

“What Thomas Henthorne brings to the table is truly priceless.

We have had the sheer pleasure of working with Thomas for two home sales. Most recently a waterfront condominium that had not been updated since it was built in 1976. He saw the potential and used his vision, attention to detail and magic to orchestrate a cost-effective renovation that turned out spectacularly. And this was accomplished expeditiously despite the post pandemic supply and workforce challenges. Thomas worked tirelessly for us, was always available to us, and always seemed to enjoy going above and beyond. We sold within days of listing well over asking price to a highly qualified buyer. Thomas makes dreams come true. He is a joy to work with.

With his endless productive and calm energy, and good spirit, Thomas makes it look easy. Like a Olympic Decathlon Gold medalist. Thomas listens and works with you as team. His tremendous knowledge of the market is spot on. It is amazing to witness his passion, pride and joy in his work. At the end we stood in awe at what was accomplished with a smile on our faces. If this sounds is too good to be true just read his other testimonials.” — Mia and Tom

Marin Real Estate Market Stats

Marin county home sales by city July 2023
Marin County real estate market trends July 2023

Marin County Real Estate Market Report Charts

(click any slide to enlarge & launch slideshow)

“For Sale” vs. Sold Home Prices vs. Median Home Prices

Marin County real estate market report July 2023 home prices chart

Marin Home Prices List Price vs. Sold

Marin County real estate market report July 2023 days on market chart

Marin County Months of Inventory Based on Closed Sales

July 2023 months of inventory chart

Average Price Per Square Foot

average price per square foot chart

Marin County Number of Homes on the Market

number of homes for sale in Marin chart

I hope you have found my Marin County Real Estate Market Report informative. Please feel free to add your comments, questions or suggestions in the comments section below. If I may be of any assistance in helping you attain your real estate goals, please call or text me at 415-847-5584 and I will be in touch right away.

Would you like to see this data for your town only?

I am also excited to announce that my website now has new real estate market reports by town with more coming soon. Please check these out:

Belvedere Real Estate Market Report

Corte Madera Real Estate Market Report

Fairfax Real Estate Market Report

Kentfield Real Estate Market Report

Larkspur Real Estate Market Report

Mill Valley Real Estate Market Report

Novato Real Estate Market Report

San Anselmo Real Estate Market Report

San Rafael Real Estate Market Report

Tiburon Real Estate Market Report

These are all accessible from the “Market Reports” menu item here on my website at any time.

Marin County Realtor Thomas Henthorne headshot

About the Author

Thomas Henthorne is consistently top-ranked, award-winning real estate agent in Marin, helping people buy and sell homes for almost a decade. He writes the #1 real estate blog in Marin County and is a frequent speaker on panels at industry gatherings.

He may be reached at 415-847-5584.

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