Is San Rafael, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Rafael is a seller's market

Buyer's
Market

Difference Since November 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

$1,317,625

$702/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$18,458(+1.4%)

Key Takeaway

Homes in San Rafael have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in San Rafael was $1,317,625 in November 2024, up 1.4% from last year, and the median price per square foot was $702.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $417.5K$399K
-4.4%
2 $759.5K$585K
-23.0%
3 $1.2M$1.2M
+1.4%
4 $1.6M$1.6M
+1.5%
5+ $2.0M$2.3M
+13.3%

Summary: San Rafael housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes decreased by 23%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 13.3%.

Median Sold Price Compared To Nearby Cities

Larkspur
+22.7%
San Rafael
+1.4%
San Anselmo
-8.4%

Housing Supply in San Rafael, CA

How many homes are available in San Rafael, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
218185-15.1%

Summary: The San Rafael real estate market had 185 homes for sale in November 2024, a 15.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 3333
0.0%
2 5144
-13.7%
3 7353
-27.4%
4 4437
-15.9%
5+ 1718
+5.9%

Summary: The San Rafael housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.7%, 3 bedroom homes decreased by 27.4%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes increased by 5.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5537-32.7%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in San Rafael, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in San Rafael in November 2024, down by 32.7% month-over-month. Of the 37 sold homes, 49% were sold under asking, 30% were sold at asking, and 22% 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

Nov 2023Nov 2024CHANGE
16 Days191 Days+1097.9%

Summary: Homes in San Rafael had an average of 191 days on market in Nov 2024, up by 1097.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in San Rafael are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 37 homes were sold in San Rafael; 0% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in San Rafael, CA

Nearby Markets to San Rafael, CA

What housing markets are near San Rafael, CA?