Marin County’s median house price edges up to $1.64 million

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Marin County’s median house price edges up to $1.64 million
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The figure from the county assessor’s office marked a 7% year-over-year increase.

The median price of a house in Marin County floated to $1.64 million last month, a year-over-year increase of more than 7%, according to new data from the assessor’s office.

Ninety house sales were recorded in Marin last month, compared to 71 in January and 87 in February 2023, the assessor’s office reported. Offord estimated that the monthly mortgage payment for a $1.6 million home would be about $1,300 more now than the monthly payment for $2 million home in the spring of 2022. The estimate assumes a down payment of 20%.The U.S. weekly average for a 30-year fixed-rate mortgage was 6.79% as of Thursday, down from 6.87% the prior week, according to Freddie Mac, the federally chartered mortgage company. A year ago, the average was 6.32%.

In the Marin condominium and townhome market, the median price last month was $718,000 on 29 sales, according to the assessor’s office. The prior February, the median was $790,000 on 37 sales.

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