Is San Rafael, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$1,322,166
$701/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in San Rafael have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in San Rafael was $1,322,166 in May 2024, down 3.7% from last year, and the median price per square foot was $701.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $410K | $400K | -2.4% |
| 2 Bedrooms | $790K | $582.5K | -26.3% |
| 3 Bedrooms | $1.3M | $1.2M | -5.4% |
| 4 Bedrooms | $1.7M | $1.6M | -4.6% |
| 5+ Bedrooms | $2.1M | $2.2M | +3.8% |
Summary: San Rafael housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes decreased by 26.3%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
| Larkspur | $1.6M | $1.8M | +8.3% |
| San Anselmo | $1.6M | $1.5M | -2.3% |
| San Rafael | $1.3M | $1.3M | -3.7% |
Housing Supply in San Rafael, CA
How many homes are available in San Rafael, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 182 | 216 | +18.7% |
Summary: The San Rafael real estate market had 216 homes for sale in May 2024, a 18.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 25 | 0.0% |
| 2 Bedrooms | 43 | 51 | +18.6% |
| 3 Bedrooms | 48 | 56 | +16.7% |
| 4 Bedrooms | 48 | 65 | +35.4% |
| 5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The San Rafael housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 35.4%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 48 | +6.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Rafael, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 48 homes were sold or pending in San Rafael in May 2024, up by 6.7% month-over-month. Of the 48 sold homes, 23% were sold under asking, 19% were sold at asking, and 58% were sold over asking.
Days on Market for San Rafael, CA
We’re sorry, we don't have information for this market at the moment
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