Marin County’s single-family home market strengthened in Q3 2026, as quarter-end inventory fell 30.3% from a year earlier while completed sales climbed 19.4% to 553. With just 271 homes available at quarter’s end, buyers faced fewer choices and a more competitive market. Median selling time dropped 37.0%, from 27 days to 17, reinforcing the strength of demand relative to available supply.
Seller results reflected that increased competition. More than half of homes sold above asking, up from 37.4% in Q3 2025, while sellers received an average of 103.5% of list price, compared with 100.1% last year. The median sales price rose 6.7% to $1,760,000, supported by a similar 6.9% increase in median price per square foot to $886. Pending sales increased 6.0% to 494. Activity was particularly strong in San Rafael and Novato, where completed sales rose approximately 42% and 40%, respectively.
Condominiums also saw a substantial pickup in activity. Closed sales jumped 28.1% to 114, while pending sales increased 12.5% to 99. Inventory declined 10.0% to 90 units, and median selling time shortened by nine days to 45. Together, these figures show more transactions taking place against a smaller pool of available listings, although buyers continued to have more breathing room than in the single-family market.
Condominium pricing was more mixed. The median sales price increased 4.0% to $664,500, while median price per square foot slipped 1.9% to $567, suggesting that the mix of units sold may have contributed to the headline price gain. Sellers received an average of 99.4% of asking price, up from 97.8%, even as the share selling above asking eased from 24.7% to 21.1%. The improvement was primarily in transaction activity and sales closing nearer to asking price.
Recent economic reports provide positive context. California added 39,400 payroll jobs in August, and the Bureau of Economic Analysis’ September 30 release revised second-quarter U.S. economic growth upward to a 2.2% annualized pace. Financing costs remain a consideration, with Freddie Mac’s average 30-year fixed mortgage rate at 7.40% on October 8.
Marin enters the final quarter of 2026 with stronger sales across both property types. Limited single-family inventory continues to favor sellers, while condominiums offer a more accessible price point and greater room for negotiation. Well-prepared homes with pricing grounded in current comparable sales remain well positioned to capture active demand.
