Marin County Real Estate Market Report
June 2022

June 2022 Marin County Real Estate Market Report graphic

Pictured: 26 Woodside Way in Ross (Just Listed!)

June 2022 Marin County Real Estate Market Report

May was another busy month in the Marin County real estate market with increased pricing and continued low inventories. The median home price was $2.6mm, up 18 % vs. the same month last year, while home inventories were down by 14%. However real estate agents are all talking about a subtle shift that they see occurring in the market and speculating on potential drivers of this change.

Subtle Shift in the Marin Real Estate Market

We are seeing a subtle shift in the market. While some homes are still going for way over asking price, there are more price reductions than what we were seeing three months ago. In talking to other agents, they are all noticing the shift, and attribute it to summer travel, rocky stock market performance, interest rate increases, layoffs and hiring freezes at the region’s big tech companies, and buyer fatigue.

Having said all of that, no one is predicting a significant correction in the Marin market but more of a leveling off – there’s just too much pent-up demand and too little inventory. In addition, the market is betting on the wealthier consumers to continue spending, with Target stock down 31% this year while Nordstrom has beat the market, up 8% year-to-date. Gas prices, inflation and higher interest rates are taking their toll on those at the entry and middle levels of the market.

What’s Happening in My World

I just launched 26 Woodside Way in Ross and hope you have a moment to check out the property website and video. It’s a stunning modern retreat in Ross, newly-constructed in 2019, situated on one of the most desirable streets in Ross. It is exclusively offered for $7,395,000.

Also coming soon is 21 Edgewood Way in San Rafael a great 3 bed/2 bath contemporary home with panoramic views on a quiet cul-de-sac in the highly-desirable Fairhills neighborhood.

I am also co-listing a completely remodeled, single-level mid-century modern home with a pool and views in San Rafael. More details next week on this property. 

How Can I Help?

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 2022 Sizzle Reel!

From the Golden Gate Sotheby’s Market Report…


The SF Bay Area housing market remained strong even as higher mortgage rates and price appreciation continued to erode purchasing power. The strengthening economy continued to fuel buyer demand despite elevated inflation and slower hiring trends, particularly in the tech industry. The regional unemployment rate fell to 3.3%, highlighting the persistent labor shortage. With employers competing for new hires as well as to retain existing staff, higher salaries and bonuses helped some households move into ownership. While rising interest rates and persistent inflation are risks to the broader economy, demand for housing in the SF Bay Area should remain elevated.


Throughout the region, sales in upper price tiers slowed while buyer activity held up in the less than $1.5 million range. Sales of homes priced between $2.5 million and $5 million fell by 8.5% in May and, on average, houses that did sell remained on the market for longer than last month. Sales trends were mixed depending upon the county. In San Francisco, sales of homes priced close to $1 million accelerated in May. In Contra Costa County, particularly the eastern portion, where homes remain relatively affordable, sales of homes priced less than $750,000 surged and accounted for nearly one-third of all transactions in this price range.


With fewer homes selling in the upper pricing tiers, it is not surprising that the median sales price decreased slightly from the previous month. In May, the median price dropped 1.7% to $1.46 million, still the second-highest median price on record. Though the median price fell month-over-month in seven out of the ten counties in the region, the median increased in Alameda and Napa counties. In Napa County, a drop off of activity in the entry level market drove a portion of the increase in the median price. Some of the potential buyers at lower price points have been priced out of the market by the rise in purchase mortgage rates. COMPETITION SLOWS With more homes available for sale as well as buyers facing diminished buying power as mortgage rates rise, competition slowed somewhat in May. Compared with normal market conditions, however, competition remains elevated and multiple bids were common. However, with some buyers unable to stretch finances any further, the share of homes sold at greater than the list price decraesed to 81% from 85%  where it had been the last two months.


The regional economy should continue to expand in the coming months, driving buyer demand from current SF Bay Area residents as well as households new to the area. However, with venture capital imposing more stringent controls on spending and a somewhat weaker IPO market, a surge in demand from cash flush tech workers should not be expected. The high home prices will continue to constrain some potential buyers, and competition may temper in the near term. Despite this, the large amount of pent-up demand should fuel higher home sales volume as well as price increases through much of the year.

Please click here to read the full report.

What My Clients Are Saying…

Just Sold!

501 Alameda de la Loma | Novato

Swimming pool with two chaise lounges

Beautifully Remodeled Contemporary Home Offering California Outdoor Living at Its Finest

Sold in One Week for $1,850,000 — $155k Over Ask

33350 Pine Mountain Road | Cloverdale

33350 Pine Mountain Road Cloverdale aerial view

Represented Buyers

Closed for $1,540,000 — $255,000 Below Asking

Just Listed

26 Woodside Way | Ross

26 Woodside Way Ross California living room

Breathtaking Modern Retreat in Ross
Newly-Constructed in 2019

Exclusively Offered for $7,395,000

Marin Real Estate Market Stats

marin real estate market trends chart may 2022

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 home prices chart June 2022

Marin Home Prices List Price vs. Sold

Marin real estate market report June 2022 days on market chart

Marin County Months of Inventory Based on Closed Sales

months of inventory chart marin real estate

Average Price Per Square Foot

Marin real estate market report June 2022 marin home price per square foot chart

Marin County Number of Homes on the Market

Number of homes for sale chart Marin county 2022

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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