2024

Real Estate Market Results - Marin County

The Marin County real estate market showed mixed signals in 2024, with the median house sales price experiencing a modest increase year-over-year, though remaining below the peak levels seen during the 2022 pandemic boom. Notably, the luxury segment demonstrated remarkable strength, driven by robust stock market performance.

Market Overview Highlights

Home Price Trends

Median house prices in Marin County saw an uptick compared to 2023 levels, marking a partial recovery in the market. However, these figures still haven't reached the extraordinary heights achieved during the 2022 pandemic-driven boom. In contrast, the condominium market experienced a decline in median sales prices, indicating varying dynamics across different property types.

Market Activity and Volume

While both new listings and sales volumes showed improvement from 2023 levels, overall transaction activity remained significantly below historical averages. This continuing constraint in market activity suggests ongoing inventory challenges in the Marin County real estate landscape.

Luxury Market Performance

The high-end segment emerged as a particular bright spot in 2024, with luxury home sales significantly outperforming the broader market. This robust performance in the luxury sector correlates strongly with the positive momentum in stock markets, highlighting the interconnected nature of wealth markets.

Sales Dynamics

Two key metrics point to a slight moderation in market competition:
* A marginal decrease in overbidding frequency and intensity
* A modest increase in average days on market for listings

Market Implications

These trends suggest a market in transition, balancing between recovery and normalization. The strong performance in the luxury segment, coupled with overall price stability, indicates the continuing desirability of Marin County real estate, particularly among high-net-worth buyers.

Looking Forward

While inventory levels remain a concern, the market shows signs of healthy activity, particularly in specific segments. The divergence between luxury and general market performance may create opportunities for both buyers and sellers, depending on their market segment.

*Detailed statistics, charts, and neighborhood-specific analyses follow in the full report below.*

Full Report.