Marin County Real Estate Market Report
February 2026

February 2026 Marin county real estate market report graphic showing median sold price, number of homes for sale, days on market and months of supply metrics

26 Mooring Road in San Rafael: Just Listed!

February 2026 Marin Real Estate Market Report: 4 Key Takeaways

  • Prices Strengthened Year-Over-Year: Marin’s median sold price rose to $1,273,000, a +10.7% YoY increase, signaling that well-positioned homes are still commanding strong pricing as 2026 begins.
  • Demand Improved Heading Into Spring: Activity looks healthier than last year, with pending sales up +6.5% YoY (99 vs. 93) and closed sales up +3.8% YoY (82 vs. 79) — a solid early indicator as we move toward the spring market.
  • Inventory Remains Tight Enough To Support Pricing: Even with homes for sale slightly higher (255, +2.4% YoY), the market stayed relatively supply-constrained, with months of inventory at 3.1, down 3.2% YoY — a level that tends to preserve seller leverage for quality homes.
  • More Selective Negotiation Environment: Market pace was flat YoY at 75 days on market, but the sold-to-original list price metric softened by about 1.1% YoY, reinforcing the current reality: buyers will pay up for the right home, but they are less forgiving when pricing gets ahead of condition, layout, or location.

Here’s the Latest Update on the Marin County Real Estate Market

The new year is underway, and Marin’s market is already showing clear signs of momentum. Pricing strengthened year-over-year, pending sales rose, and inventory remained tight enough to keep well-positioned homes competitive. As we head toward spring, the story remains familiar: buyers are active, but selection is still the key constraint — and strategy matters more than ever.

January is often a “reset” month — new inventory begins to appear, serious buyers re-engage, and sellers start positioning for the spring market. This year, the numbers point to a market that is active and resilient, with demand showing up not only in closed sales, but also in the increase in pending activity — a leading indicator as we move further into 2026.

Key Year-Over-Year Metrics for Marin County (January 2026 vs. January 2025)

Here are the most important year-over-year changes from this month’s Marin charts (TrendGraphix / BAREIS MLS):

  • Median sold price: $1,273,000, up 10.7% YoY
  • Average sold price per square foot: $810, up 7.9% YoY
  • Average days on market: 75 days, flat YoY (0%)
  • Sold price vs. original list price (difference %): down 1.1% YoY (slightly less aggressive than last year)
  • Homes for sale: 255, up 2.4% YoY
  • Homes sold: 82, up 3.8% YoY
  • Homes pending: 99, up 6.5% YoY
  • Months of inventory (based on closed sales): 3.1 months, down 3.2% YoY

What This Means for Pricing Power

The headline is straightforward: pricing is up meaningfully year-over-year, and the market is rewarding quality. With the median sold price up 10.7% and sold price per square foot up 7.9%, buyers are still paying for the right home — especially when condition, location, and presentation are aligned.

At the same time, the sold-to-list dynamic softened slightly versus last year. That doesn’t mean the market is weak — it means buyers are more discerning and pricing strategy matters. In today’s environment, the homes that sell quickly and well tend to be the ones that feel “unmissable” on day one.

Supply and Demand Heading Into Spring

Inventory is only modestly higher than last year (255 homes for sale, +2.4% YoY), while pending sales rose 6.5% YoY, which is a strong signal as we move toward spring. Months of inventory remained tight at 3.1, slightly lower than last year on a year-over-year basis.

The practical takeaway: buyers want options, but the best homes still command attention — and sellers who plan, prepare, and price with precision are positioned to capture that demand.

Real Estate News Nationally

On the national stage, affordability and activity remain closely tied to rates and inventory:

  • The National Association of REALTORS® reported January 2026 existing-home sales were down 4.4% year-over-year, while the national median existing-home price rose 0.9% YoY to $396,800.
  • Freddie Mac’s weekly survey showed the 30-year fixed mortgage rate averaged 6.09% (Feb. 12, 2026), down from 6.87% one year earlier — a meaningful year-over-year improvement that can help support buyer activity as we move deeper into 2026.

Greater Bay Area Context

The broader Bay Area economy matters in Marin — particularly when confidence, compensation, and hiring trends influence buyer behavior. One encouraging signal: leasing activity tied to AI continues to show real-world momentum, which supports the “macro backdrop” for the region even as housing remains rate-sensitive.

Bay Area Real Estate News

Two notable signals in the Bay Area worth watching:

  • CBRE reported that AI-related tech companies leased 1.6 million square feet in 2025 and accounted for 55% of the tech industry’s net space growth in the Bay Area — a clear indicator of continued investment and expansion.
  • The San Francisco office market is seeing renewed interest from AI firms: the San Francisco Chronicle reported active lease pursuits by AI companies in Showplace Square, signaling demand returning to specific submarkets.

In My World

One of my treasured long-time clients closed on the sale of her Mill Valley property at 33 De Silva Island Drive. We agreed on a pocket listing strategy, and I was able to sell it quickly and for full price through my contacts in the Marin real estate market.

I also helped a buyer find their dream home in Half Moon Bay. They had been looking in Marin for quite some time, and then a home that was their ideal match came on the market an hour south of us, right on the coast. In both cases, I worked with the clients for many months, until conditions were right. If my clients are happy, I am happy.

I also just launched 26 Mooring Road in San Rafael — a turnkey waterfront retreat with private dock access and a shared guest cottage, 3 bedrooms, 2.5 bathrooms, and 2,523± square feet (buyer to verify), offered exclusively for $1,595,000.

And I just launched 31 Gold Hill Grade — a gated modern farmhouse estate built in 2019 with 5 bedrooms, 4.5 bathrooms, approximately 4,587 square feet (buyer to verify), and a 1.1+ acre lot, offered exclusively for $4,095,000.

I have some other exciting listings coming up and am working with buyers who are attracted to the lifestyle that Marin has to offer.

Also – be sure to check out my new Living in San Rafael and San Rafael homes for sale guides. If you know someone who is thinking of moving to Marin, these resources will prove invaluable.

Looking Forward to 2026

As we move toward spring, the buyers who are engaged now tend to be the most motivated — and the sellers who plan ahead tend to be the ones who capitalize on that demand. With pricing up year-over-year, pending activity rising, and inventory still constrained, I expect 2026 to continue rewarding preparation, presentation, and smart positioning.

How Can I Help?

I’m always happy to talk about the Marin County real estate market. Call or text me at 415-847-5584 for a personalized report for your home and neighborhood, or to discuss the best strategy for making your dream home a reality.

Check out my newly-updated guides, Buying a home in Marin and Selling a Home in Marin. If this is all new to you, check out my newest guide for first time home buyers in Marin County.

Now Available!

Check Out My Sizzle Reel!

From the Golden Gate Sotheby’s Bay Area Market Report

STRONG DEMAND AND INVESTMENT

The housing market was again bifurcated by geography and price this last month, but also appeared to move closer to equilibrium. Notably, strong demand for homes near major job centers and tight inventory resulted in stronger pricing performance in the inner SF Bay Area. The SF Bay Area labor market improved slightly at the end of 2025, with employment gains in each of the final three months of the year. Meanwhile, the unemployment rate decreased to the mid-4% range, still nearly one percentage point less than the long-term average. The tight labor market supported year-over-year wage growth in 2025, and the average annual salary in the Bay Area surpassed $100,000. Other positives for the regional economy and housing market included the surge in artificial intelligence investment and the overall strong performance of the stock market during the past year, despite the recent volatility. These trends supported resilient sales activity and pricing.

The lack of available homes limited the potential for sales growth in inner SF Bay Area neighborhoods, but elsewhere in the SF Bay Area active listings and closed sales were stable compared with last year. Overall, the number of active listings was nearly unchanged from last year at nearly 4,600, while sales decreased marginally to more than 1,700. A large reason for the decrease in regional sales was a nearly 40% decrease in activity in San Francisco. However, this rapid decrease was mostly because so few homes were available for sale after the strong buying activity last year. Inventory in the East Bay also tightened as a result of stronger sales activity this month. Conversely, conditions softened in Santa Cruz County, as the number of homes available for sale increased while closed sales decreased. This was also the case in Santa Clara County, and while demand for homes in the Silicon Valley remained strong, the market moved closer to balance between buyers and sellers.

HIGHER PRICED HOME SALES INCREASED

Sales activity was also bifurcated by price, with the upper price segments continuing to outperform the rest of the market. The number of homes sold for more than $2.5 million increased by 4% year-over-year in January. The strongest segment was the $2.5 to $3.5 million category, with sales in this segment increasing by 9%, and nearly two-thirds of sales closing for over asking. However, fewer homes sold for more than $5 million, and those that did were on the market for approximately a week longer than last year. At the other end of the price spectrum, 12% fewer homes sold for $1.25 to $2.5 million and 5% fewer homes sold for less than $1.25 million. Buyers and sellers in these segments are more sensitive to mortgage rates and diminished affordability, as well as economic volatility more broadly.

EXPECTATIONS MOVE TO ALIGNMENT

The bifurcation in the market also extended into how long homes spent on the market, with well-priced homes in the inner SF Bay Area neighborhoods selling more quickly than homes in outer SF Bay Area counties. The number of days homes spent on the market increased further in January across the SF Bay Area to the longest amount of time since the previous peak in January 2020, but the range was large. Homes sold in January spent more than 80 days on the market in Napa and Sonoma Counties compared with less than 40 days in the inner SF Bay Area.

Similarly, the strong pace of sales and tight inventory resulted in most inner SF Bay Area homes selling for more than asking, while a potential disconnect between buyer and seller expectations resulted in the majority of homes in other areas selling for less than asking. In San Francisco, 70% of homes closed for more than the list price, while the opposite was true in Napa County, where 77% of homes sold for less than the list price. Across the SF Bay Area, the share of homes sold over asking decreased, while the share sold for less than the list price increased significantly. However, in a sign of the market moving closer to equilibrium, 10% of homes sold for the list price, which was the highest share since 2020 and highlighted that buyer and seller expectations may be getting closer to alignment.

The median sales price of single family homes in the SF Bay Area was unchanged from last year at $1.16 million in January, but performance varied significantly by county. The median sales price increased by 20.7% in Marin and increased by 14.2% in San Francisco. Price growth was also strong in San Mateo County, where the median sales price increased by 7.7%. The median sales price grew in Napa County as well, but this increase was likely the result of a much greater share of sales in the upper price segments. Meanwhile, the median sales price declined by more than 2% in Santa Clara and Sonoma counties.

MARKET SHIFTS TO EQUILIBRIUM

The SF Bay Area housing market showed signs of shifting closer to equilibrium. However, a low listing, low sale environment has also persisted, with the lack of inventory constraining sales activity despite strong demand. There were signs this month that the disconnect between buyers and sellers eased, but if mortgage rates remain at the current level and macroeconomic volatility persists, inventory could remain tight and sales volume relatively low compared with historical averages. This situation may make further movement towards equilibrium more challenging. However, stronger job growth in the SF Bay Area and the potential for accompanying wage gains could improve affordability slightly, which would bring potential buyers off of the sidelines and incentivize current owners to list homes for sale.

Please click here to read the full report.

What My Clients Are Saying…

Marin Real Estate Market Stats

Marin County home sales by city chart Feb 2026
Marin County real estate market trends chart February 2026

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.

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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