Marin County Real Estate Market Report
April 2025
April 2025 Marin County Real Estate Market Report
In March, we saw the Marin real estate market gain momentum as inventory increased and days on market dropped. The median sold price rose to $1,488,000—up 4.4% year-over-year and 3.7% from the prior month. Homes sold more quickly, averaging just 36 days on the market compared to 47 in March 2024 and 55 in February, signaling strong buyer activity. The number of homes for sale climbed 31.2% year-over-year, while the number of homes sold increased by 17.6%. It is proving to be the busiest spring in several years.
Some quick stats:
- Median Sold Price: $1,488,000 (up 4.4% YoY, 3.7% MoM)
- Average Days on Market: 36 days (down from 47 YoY, down from 55 in February)
- Average Price per Sq. Ft.: $869 (up 5.2% YoY, 7.7% MoM)
- Months of Inventory: 2.4 (up from 1.8 YoY, down from 3.3 in February)
- Homes Sold: 167 (up 17.6% YoY, up 60.6% MoM)
- Homes for Sale: 395 (up 31.2% YoY, up 15.8% MoM)
The market is moving quickly as we head into peak spring season. Increased buyer activity, paired with more listings and improved price-per-square-foot metrics, indicate growing confidence on both sides of the transaction.
I am busier than I have been in the last two years – the market is really taking off. Just remember, I am never too busy for YOU!
Why Buyers Are Turning to Real Estate
With recent stock market volatility dominating financial headlines, I’m hearing more from buyers who feel their money is safer in real estate. Many are looking to move out of equities and into tangible assets with steady performance. Marin’s track record of long-term stability—especially in prime neighborhoods—continues to attract those seeking refuge from market swings. This sentiment is contributing to increased buyer activity, even as interest rates remain elevated.
Interest Rate Context
Mortgage rates remained relatively flat in March, though they remain elevated year-over-year. Buyers are adapting, especially in Marin where cash purchases and large down payments continue to buffer the impact of higher borrowing costs. Fed policy, inflation reports, and employment data will continue to shape the rate environment into Q2.
Looking Ahead
With inventory up 31.2% compared to March of last year and pending sales rising 77.6% month-over-month, I anticipate continued momentum into April and May. Price appreciation may moderate depending on inventory levels and rate trends, but I expect demand to remain strong for well-prepared and well-priced listings.
Just Listed
I’m proud to present two exceptional new offerings:
- 125 Belvedere Avenue, Belvedere
A world-class Mediterranean estate on the western shore of Belvedere Island, offering sweeping views of San Francisco, the Golden Gate Bridge and the Bay Bridge. This breathtaking property features a private beach, a funicular, and a private dock with deep-water access. Offered exclusively for $22,000,000.
- 1245 Sobre Vista Drive, Sonoma
Privately set behind custom-designed gates in the historic Sobre Vista Estates, this 2.26-acre mid-century modern estate offers clean lines, soaring ceilings, and resort-style amenities including a pool, gym, and guest suites opening to private terraces. Offered exclusively for $10,950,000. - Coming Soon in San Anselmo
Stay tuned for a stunning new listing blending European architectural charm with modern updates and lush garden surroundings.
Improved Pricing on a Tremendous Value in San Rafael
One of my featured listings has recently undergone a price improvement:
- 378 Margarita Drive, San Rafael – Now Offered at $2,395,000
This extraordinary view property offers privacy, serenity, and panoramic vistas from nearly every room. Set on a hillside in San Rafael’s coveted Country Club neighborhood, the home includes expansive decks, soaring ceilings, and a flexible multi-level layout perfect for entertaining or relaxation. With its new pricing, this home represents exceptional value for one of Marin’s most beautiful and private locations.
Just Sold
I’m also celebrating the successful sales of two exceptional properties:

- 133 Spring Grove Avenue, San Rafael – Sold for $1,695,000
A beautifully updated 4-bedroom, 2.5-bath home in the heart of the Forbes neighborhood. This turnkey residence featured a chef’s kitchen, open floor plan, and a backyard designed for entertaining—just blocks from downtown San Rafael.

6 Bay Laurel Lane, San Rafael – Sold for $3,120,400
A luxurious single-level estate in Lucas Valley offering 5 bedrooms, 3.5 bathrooms, and a resort-style backyard with pool, level lawn, and outdoor kitchen. Meticulously remodeled, it combined high-end finishes with exceptional privacy and tranquility.
How Can I Help?
Marin County continues to showcase its resilience and desirability, even amidst shifting market dynamics. Whether you’re buying, selling, or just staying informed, my expertise ensures you’re equipped to navigate Marin’s unique real estate landscape. 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.
If you have any questions about the market or are considering your next real estate move, please don’t hesitate to reach out. Together, let’s make your real estate goals a reality. Call or text me anytime at 415-847-5584.
Check Out My Sizzle Reel!
From the Golden Gate Sotheby’s Bay Area Market Report…
Jump in Active Inventory Helps Market Move Forward
Sales activity increased and more homes came onto the market during the first quarter as positive momentum continued to build in the SF Bay Area. Jobs numbers were mixed in early 2025 after the region added 1,700 jobs in 2024. While some technology firms trimmed payrolls, employers in the outer SF Bay Area continued hiring strongly. The unemployment rate remained stable at under 4.5%, lower than the long-term average, while wages grew by over 3.5% year-over-year.
Stock market gains had previously bolstered buyer activity, but recent volatility, tariffs, and broader economic uncertainty could be headwinds as spring unfolds.

Inventory rose notably:
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6,700 homes were on the market at quarter-end—up nearly 3,000 from last year.
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East Bay counties like Alameda and Contra Costa saw the biggest gains.
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Santa Clara County had over 1,200 homes on the market—up 55% YoY.
The region is approaching normal inventory levels after years of constrained supply.

Home Sales Increase at Higher Price Points
The SF Bay Area recorded nearly 7,400 home sales in Q1 2025, a 2.4% YoY increase. But growth was uneven:
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Sales under $1.25M declined slightly (rate-sensitive buyers).
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Sales in the $1.25M–$3.5M range grew 6%.
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$3.5M+ sales jumped 13% YoY.
Stock market gains in late 2024, proximity to transit and jobs, and more confidence in high-end sectors helped boost upper-tier sales—especially in Marin and San Francisco counties, which outpaced the regional average.
Well-Located Homes See High Demand and Multiple Offers
Nearly 60% of homes sold over asking price—a year-over-year increase.
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Over 70% of homes in San Francisco, Alameda, and Santa Clara sold above asking.
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San Francisco stood out with 78% of homes closing over list, and an average 20% premium.
Homes in the $1.25M+ range sold quickly, often within three weeks. San Francisco homes sold faster than last year—under four weeks on average.
Prices Move Higher
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Bay Area median sales price: $1.3M (up 4% YoY).
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Santa Clara County led price growth at 10%, followed by Napa at 8%.
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Marin’s median price was stable at $1.7M.
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San Francisco saw a slight decrease, attributed to a shift in composition of sales.
Looking Ahead
The Bay Area housing market ended Q1 on a strong note. However, volatility in early 2025—including a stock market correction and policy uncertainty—could temper demand. Still, the region remains resilient, with deep housing demand.
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Buyers will benefit from more inventory than recent spring seasons.
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Stable mortgage rates and a wider selection may encourage hesitant buyers.
What My Clients Are Saying…
Now Available!
Marin Real Estate Market Stats
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 Home Prices List Price vs. Sold
Marin County Months of Inventory Based on Closed Sales
Average Price Per Square Foot
Marin County Number of Homes on the Market
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.
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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