October 2020 Report
Single Family Homes in Marin County, All Cities, All Neighborhoods Change >
Average Price$1,748,350
-3.7%
Pending Properties275
+20.1%
Sale/List Price Ratio103.1%
-1.2%
Trends at a Glance
| Trends At a Glance |
Oct 2020 |
Previous Month |
Year-over-Year |
| Median Price |
$1,407,500 (-11.3%) |
$1,587,500 |
$1,350,500 (+4.2%) |
| Average Price |
$1,748,350 (-3.7%) |
$1,816,040 |
$1,670,190 (+4.7%) |
| No. of Sales |
226 (+0.9%) |
224 |
210 (+7.6%) |
| Pending |
275 (+20.1%) |
229 |
89 (+209.0%) |
| Active |
335 (-5.6%) |
355 |
397 (-15.6%) |
| Sale vs. List Price |
103.1% (-1.2%) |
104.4% |
100.9% (+2.2%) |
| Days on Market |
35 (-3.4%) |
37 |
55 (-35.4%) |
| Days of Inventory |
44 (-3.2%) |
46 |
57 (-21.6%) |
Market Commentary
The median sales price of single-family, re-sale homes in Marin County rose 3.6% year-over-year.
The average sales price rose 4.9% year-over-year.
The sales price to list price ratio fell to 103.1% from 104.4%.
Sales of single-family, re-sale homes were up 15.3% year-over-year. Year-to-date, home sales are down 2.2%.
As of November 5th, there were 275 single-family, re-sale homes pending. The average since January 2007 is 97.
Inventory was down 11.1% year-over-year. As of November 5th, there were 335 homes for sale. We average 632.
Days of inventory fell to forty-four from forty-six. The National Association of REALTORS® considers a balanced market to be 180 days. In Marin County, we have averaged 112 days since 2007.
Days of Inventory is an estimate of the amount of time it would take to sell all the current listings if no new listings became available. It is calculated by taking the number of homes for sale and dividing by the number of homes sold in a given time frame. We use last month’s sold number.
Homes sold in an average of 35 days from coming onto the market to when they go under contract. The average since January 2009 is 76 days.
The median price for condos rose 16.6%, year-over-year. The average price was down 4.9%.
Condo sales were down 12.8% year-over-year. There were forty-one condos sold last month.
Condos are selling in 61 days. The average is 83 days.
The sales price to list price ratio for condos was 99.8%.
Condo inventory was up 6.7% year-over-year. There are 111 condos for sale.
If you would like to know what’s going on in your neighborhood, click on Recent Sales & Listings. That will tell you what is for sale, what has sold and what is pending in a radius around your home.