Shelter Ridge, Mill Valley Housing Market · 2026

Data through Aug 2026

Data curated by Melanie Tan, 8 Blocks Real Estate · How this data works

Shelter Ridge, Mill Valley Market Snapshot

Shelter Ridge leans toward buyers, though competition has been picking up recently. Here's where things stand:

Based on 7 homes sold in the 3 months ending August 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Enough to see the trend, but individual sales still move the median. Updated weekly.

Data through August 2026

SalesWhat are homes selling for?
Median Sale Price
$1.30M
▲ Up 138.2% from August 2025
Up $753K from August 2025
Homes Sold
7
Sold in the last 3 months. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$8,643/mo
7.28% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$7,107
  • Property Tax$1,352
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
76 days
▲ 21 more days than in August 2025
Buyers have time to decide
Sale-to-List Ratio
100.9%
▲ Up from 94.1% in August 2025
Selling at or near asking price
% Sold Over Asking
28%
Only 28% sold above asking. Few bidding wars right now
Active Listings
6
▼ Down 19.4% from August 2025
About 2.7 months of supply. Moderate selection available

Market Trends

See how prices, monthly costs, and mortgage rates have moved in Shelter Ridge.

Median Sale Price
Up 138.2% year-over-year in Shelter Ridge. Based on 7 sales in the last 3 months.
Homes Sold
Total Monthly Payment
Estimated monthly cost is up 133% from a year ago in Shelter Ridge, reflecting changes in both price and mortgage rates.

Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.

30-Year Fixed Mortgage Rate (National Avg.)
National average currently at 7.28%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about Shelter Ridge, Mill Valley

Is now a good time to buy in Shelter Ridge, Mill Valley?

Shelter Ridge, Mill Valley leans toward buyers, though competition has been picking up recently. Buyers still have leverage to negotiate, but the window may be narrowing.

How do Shelter Ridge, Mill Valley home prices compare to the Bay Area average?

At $1.30M, Shelter Ridge, Mill Valley's median sits about 27% below the Bay Area average of $1.78M. That average is skewed high by ultra-premium peninsula enclaves like Atherton and Woodside, so a more useful frame is that Shelter Ridge, Mill Valley is one of the more accessible corners of the Bay Area.

Within Mill Valley, this area trades about 32% below the city-wide median of $1.90M.

How competitive is Shelter Ridge, Mill Valley for buyers?

Shelter Ridge, Mill Valley currently leans toward buyers:

  • Homes sell about 0.9% above asking on average
  • 28% close above list price
  • 76 days typical time to go pending
  • 31% of listings have had a price reduction

Buyer strategy: a well-structured offer near or below list price has a good chance of success.

What will my total monthly cost be on a median-priced Shelter Ridge, Mill Valley home?

At $1.30M with 20% down at 7.28%, your estimated total monthly cost is approximately $8,643:

  • $7,107 principal and interest
  • $1,352 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.

No noise, just a quick weekly read on what's going on in your market.

Melanie Tan
Melanie Tan
DRE #02250755
“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
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