Real Estate Report presented by Information Designs

March 2021 Report

Single Family Homes in Marin County, All Cities, All Neighborhoods Change >


Median Price
$1,822,500
+4.1%
Average Price
$2,295,910
+17.1%
No. Sold
32
-58.4%
Pending Properties
47
-13.0%
Active
68
-27.7%
Sale/List Price Ratio
97.3%
-4.8%
Days on Market
113
+68.4%
Days of Inventory
64
+93.4%

Market Barometer

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Market Commentary

Home Sales Prices Set New Highs, Again

The median sales price for single-family, re-sale homes set a new high of $1,822,500 last month. It was up 37.9%, year-over-year. The average sales price also set a new high of $2,295,910. It was up 37.1% from last March.

The sales price to list price ratio fell to 97.3% from 102.2%.

Sales of single-family, re-sale homes plummeted 69.8% year-over-year. There were 32 homes sold in March. The average since 1998 is 185.

As of April 5th, there were 47 single-family, re-sale homes pending. The average since January 2007 is 102.

Inventory was down 79.6% year-over-year. As of April 5th, there were 68 homes for sale. We average 632.

Days of inventory rose to sixty-four from thirty-three. 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 113 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 8.4%, year-over-year. The average price was up 30.8%.

Condo sales were down 74.4% year-over-year. There were ten condos sold last month.

Condos are selling in 103 days. The average is 83 days.

The sales price to list price ratio for condos was 98.4%.

Condo inventory was down 58.6% year-over-year. There are 41 condos for sale.

If you would like to know what’s going on in your neighborhood, visit my on-line report and 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.

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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