Is San Rafael, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$1,317,555
$702/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in San Rafael have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in San Rafael was $1,317,555 in March 2024, down 1.3% from last year, and the median price per square foot was $702.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $427.5K | $395K | -7.6% |
| 2 Bedrooms | $835.2K | $589K | -29.5% |
| 3 Bedrooms | $1.3M | $1.2M | -6.7% |
| 4 Bedrooms | $1.7M | $1.6M | -4.5% |
| 5+ Bedrooms | $2.3M | $2.0M | -12.9% |
Summary: San Rafael housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.6%, 2 bedroom homes decreased by 29.5%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 12.9%.
Median Sold Price Compared To Nearby Cities
| Larkspur | $1.6M | $1.8M | +9.6% |
| San Anselmo | $1.5M | $1.6M | +8.5% |
| San Rafael | $1.3M | $1.3M | -1.3% |
Housing Supply in San Rafael, CA
How many homes are available in San Rafael, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 108 | 142 | +31.5% |
Summary: The San Rafael real estate market had 142 homes for sale in March 2024, a 31.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 21 | +23.5% |
| 2 Bedrooms | 36 | 40 | +11.1% |
| 3 Bedrooms | 31 | 44 | +41.9% |
| 4 Bedrooms | 18 | 30 | +66.7% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The San Rafael housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.5%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 41.9%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 35 | +59.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Rafael, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in San Rafael in March 2024, up by 59.1% month-over-month. Of the 35 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 117 Days | 6 Days | -94.9% |
Summary: Homes in San Rafael had an average of 6 days on market in Mar 2024, down by 94.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Rafael are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 35 homes were sold in San Rafael; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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