As of January 2025, the Marin County real estate market exhibits nuanced trends in both sales and rentals, reflecting a dynamic interplay of economic factors and housing demand.
As of January 26, 2025, detailed statistics on the number of single-family residences, condos, and townhouses sold in Marin County for December 2024 are not fully available. However, based on available data:
Overall Sales: In December 2024, Marin County experienced a 9.7% decrease in homes sold compared to the previous year.Thomas Henthorne
Median Home Prices: The median home price in Marin County was $1.3 million in December 2024, reflecting a 3.7% decrease from the previous year.redfin.com
For more detailed and specific statistics, such as the exact number of single-family residences, condos, and townhouses sold, it’s recommended to consult local real estate market reports or contact a Marin County real estate professional.Home Sales Market:
Median Home Prices: Data from December 2024 indicates variability in reported median home prices. According to Rocket Homes, the median sold price was $1,478,132, marking a 6.3% increase from the previous year. In contrast, Redfin reported a median sale price of $1.3 million for the same period, representing a 3.7% decrease year-over-year. These discrepancies highlight the importance of consulting multiple sources when evaluating market trends.Rocket – Help Everyone Homeredfin.com
Price Per Square Foot: The median price per square foot was reported at $795 by Rocket Homes, while Redfin noted $713, a 2.6% decline from the previous year. This variation underscores the diverse nature of Marin County’s housing market.Rocket – Help Everyone Homeredfin.com
Days on Market and Sales Volume: Homes in Marin County averaged 52 days on the market in December 2024, a slight increase from 47 days the previous year. The number of homes sold rose to 161, up from 139 in December 2023, indicating sustained buyer interest despite longer selling periods.redfin.com
Rental Market: Average Rents: In the second quarter of 2024, the average apartment rent in Marin County was $2,878 per month, reflecting a 2.4% increase from the same period in 2023. This upward trend is anticipated to continue, with forecasts suggesting average rents could reach $3,346 by 2028, representing a 21% increase over five years.marinapartments.com
Rental Vacancy Rates: As of 2019, the rental vacancy rate in Marin County was notably low at 1.75%, indicating a tight rental market. While more recent data is limited, the low vacancy rate suggests sustained demand for rental properties in the area.Department of Numbers
Market Dynamics: Interest Rates and Investment Activity: A decline in interest rates for properties with five or more units to below 6% in 2024, down from the high 7% range in 2023, has spurred increased investment activity in Marin County’s apartment market. Investors are capitalizing on favorable financing conditions and projected rent growth, contributing to a competitive market landscape.Marin Apartment Investments
Luxury Market Movements: The acquisition of a $9.1 million home in Kentfield by California Governor Gavin Newsom’s family in November 2024 underscores the ongoing demand for luxury properties in Marin County. This transaction highlights the area’s appeal to high-net-worth individuals and its reputation for high-value real estate.New York Post
Conclusion:Marin County’s real estate market in early 2025 is characterized by modest fluctuations in home prices, a robust rental market with rising rents, and active investment driven by favorable interest rates. The luxury segment remains vibrant, attracting high-profile buyers. Prospective buyers, sellers, and investors should consider these trends and consult multiple sources to make informed decisions in this dynamic market.
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