March 2025 Marin County Real Estate Market Report
The Marin County real estate market continued to shift to a more balanced market last month, reflecting seasonal trends and ongoing economic fluctuations. The median sold price held steady year-over-year at $1,460,000, while homes spent more time on the market, averaging 75 days—a significant increase from 56 days a year ago. Meanwhile, inventory rose considerably, up 37.5%, offering more options for buyers as we head into the traditionally busier spring market.
Interest Rates and Economic Factors
Mortgage rates remained elevated, influenced by persistent inflation. January’s inflation, at a 3% year-over-year increase according to CNBC, suggests continued upward pressure on borrowing costs and affordability challenges. Economists are monitoring inflation closely, cautioning that the recent period of disinflation may be ending, potentially affecting mortgage rates and purchasing power throughout 2025.
The stock market’s volatility, moving into correction territory, is causing some buyers to invest in real estate instead. One of my clients indicated that she feels safer with her savings in a home in Marin rather than in the market which has experienced dizzying extremes of late.
Looking Ahead: Spring Market Forecast
In early 2025, buyers could find increased negotiating power due to rising inventory and longer market times. Sellers should prepare for careful pricing and thoughtful presentation to stand out in a competitive environment. With broader economic factors like inflation and interest rate volatility playing critical roles, informed decision-making will be key.
Having said this, the market almost seems to be reacting on a house by house basis. Homes that have what buyers are looking for and are well priced for the market and well presented are selling quickly, sometimes with multiple offers. For example, fifteen newly listed homes in Mill Valley went pending within two weeks. Some within a couple of days.
Just Listed
378 Margarita Drive in San Rafael is available for $2,495,000. This is a beautiful gated home on two acres offering incredible privacy and amazing 270 degree views.
6 Bay Laurel Lane in San Rafael’s Lucas Valley Estates is an amazing, single-level gated estate that offers resort style living. With over 3700 sq ft of living space, 5 beds/3.5 baths, pool, level yard, this home offers resort-style living at home.
133 Spring Grove Avenue in San Rafael’s coveted West End neighborhood is a beautiful 3 BR/2BA home with two family rooms, a remodeled kitchen and a great outdoor entertaining space just off the main living area. Located in the flats of San Rafael’s West End Neighborhood, this special home offers walk-to-everything convenience in a wonderful neighborhood.
Coming Soon
I have a very exciting listing in Sonoma coming soon truly reminiscent of a boutique resort complete with a stunning 7 bed/7.5 bath mid-century modern home, 60+ ft saltwater pool, tennis court, geothermal soaking tubs, exquisitely landscaped grounds and much more!
.
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.
