Is San Rafael, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$1,312,200
$699/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in San Rafael have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in San Rafael was $1,312,200 in April 2024, down 1.9% from last year, and the median price per square foot was $699.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $417.5K | $395K | -5.4% |
| 2 Bedrooms | $817.5K | $584K | -28.6% |
| 3 Bedrooms | $1.3M | $1.2M | -7.0% |
| 4 Bedrooms | $1.7M | $1.6M | -3.0% |
| 5+ Bedrooms | $2.3M | $2.0M | -11.2% |
Summary: San Rafael housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 11.2%.
Median Sold Price Compared To Nearby Cities
| Larkspur | $1.6M | $1.8M | +10.8% |
| San Anselmo | $1.5M | $1.6M | +8.3% |
| San Rafael | $1.3M | $1.3M | -1.9% |
Housing Supply in San Rafael, CA
How many homes are available in San Rafael, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 145 | 184 | +26.9% |
Summary: The San Rafael real estate market had 184 homes for sale in April 2024, a 26.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 26 | +23.8% |
| 2 Bedrooms | 39 | 41 | +5.1% |
| 3 Bedrooms | 48 | 51 | +6.3% |
| 4 Bedrooms | 30 | 48 | +60.0% |
| 5+ Bedrooms | 7 | 18 | +157.1% |
Summary: The San Rafael housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.8%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 157.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 44 | +10.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Rafael, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in San Rafael in April 2024, up by 10.0% month-over-month. Of the 44 sold homes, 20% were sold under asking, 7% were sold at asking, and 73% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 13 Days | +62.5% |
Summary: Homes in San Rafael had an average of 13 days on market in Apr 2024, up by 62.5% 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 April 2024, 44 homes were sold in San Rafael; 2% 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.
Copyright © 2024 by Bay Area Real Estate Information Services, Inc. All rights reserved. 
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. 
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. 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. Properties may or may not be listed by the office/agent presenting the information.