$7,066 Closing Credit*
$595,000
933 SqFt
1 Bed
•2 Full Baths
Amy E Diller, Listing Office: Coldwell Banker Realty
Is San Rafael, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, San Rafael has remained a Seller's Market.
Key Takeaway
San Rafael is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Rafael, CA
How much do homes in San Rafael, CA cost?
Median Sold Price
$1,303,000
$704/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$13,250(-1.0%)
Key Takeaway
Homes in San Rafael have sold for 1% less than they did a year ago.
Summary: The median home sold price in San Rafael was $1,303,000 in October 2024, down 1% from last year, and the median price per square foot was $704.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $405K | $403K | -0.5% |
| 2 Bedrooms | $769K | $582.5K | -24.3% |
| 3 Bedrooms | $1.2M | $1.2M | -3.5% |
| 4 Bedrooms | $1.6M | $1.6M | +2.5% |
| 5+ Bedrooms | $2.0M | $2.3M | +16.6% |
Summary: San Rafael housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes decreased by 24.3%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 16.6%.
Median Sold Price Compared To Nearby Cities
| Larkspur | $1.8M | $1.8M | +3.8% |
| San Rafael | $1.3M | $1.3M | -1.0% |
| San Anselmo | $1.7M | $1.5M | -8.2% |
Housing Supply in San Rafael, CA
How many homes are available in San Rafael, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 207 | 230 | +11.1% |
Summary: The San Rafael real estate market had 230 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 28 | 33 | +17.9% |
| 2 Bedrooms | 44 | 56 | +27.3% |
| 3 Bedrooms | 70 | 75 | +7.1% |
| 4 Bedrooms | 47 | 45 | -4.3% |
| 5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The San Rafael housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 53 | +51.4% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Rafael, you could pay more than the asking price. 43.4% of homes here sold above asking price last month.
Summary: A total of 53 homes were sold or pending in San Rafael in October 2024, up by 51.4% month-over-month. Of the 53 sold homes, 32% were sold under asking, 25% were sold at asking, and 43% were sold over asking.
Days on Market for San Rafael, CA
How long does it take to sell a home in San Rafael, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 50 Days | +27.4% |
Summary: Homes in San Rafael had an average of 50 days on market in Oct 2024, up by 27.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in San Rafael are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 53 homes were sold in San Rafael; 6% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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