San Rafael Real Estate Market Update, October 2026 Data

San Rafael Real Estate Market 

The October 2026 real estate market report for San Rafael, California. The following are the key points: #1. The number of homes sold in October was 43, down from September’s 52. This is a 23% increase from October of last year. Additionally looking back 5 years this is the most October sales in those 5 years. #2. The median days on the market in October was 24. The days on the market have been bouncing around between 12 and 24 days these last 9 months. #3. The original list price to final sales price ratio was 100% in October down from 101% in September and 104% in August. #4. The median sold price per square foot in October was $754 down from September's $870. It’s lowest point since March’s $654. I usually do not write about the homes for sale or homes pending as I find that too much information often discourages people from engaging with the content. But it is worth noting that we are at the low point for homes for sale going back to January of 2025, while at the same time the number of under contract homes (52) is at the upper end of the high mark for homes under contract. Demand is outreaching supply. 

Of the 43 homes sold, 19 received multiple offers. Of those, 13 sold over asking, with the balance of 6 selling below their listed price. North San Rafael had 17 sales whereas South San Rafael had 26 sales. 

Notes:

1. The San Rafael real estate market continues to be a sellers' market, for single family homes. 

2. The amount of cash buyers or buyers with large down payments migrating to Marin, continues. These types of buyers are less affected by higher financing rates. 

3. Homes that are recently remodeled or were remodeled in a timeless fashion, staged with a higher end stager, and have curb appeal are fetching higher prices and selling more quickly. 

4. Condos and townhomes are taking longer to sell in general and selling for less. This is especially true for two bedroom one bath units or less. Larger units with a higher bed bath count can still do well - sell for more and sell more quickly. Associations with financial issues and/or exterior elevated deck and stair repairs needed, have a harder time securing buyer financing with the fewer financial choices and higher rates, which is a further drag on condo and townhome sales.  

Talk abouts:

• 130 Humboldt St. South San Rafael. 9 Offers received and sold for $200,000 over its list price. One of the more noteworthy points is that this is a smaller 2 bedroom 1 bath home on a 5,279 square foot lot. It sold for $1,098 a square foot. The home selling for this high a sell price and selling so quickly is a testament to the importance of curb appeal, newer finishes (remodeling), and staging. Wow! 

• 125 Miramar Ave. South San Rafael. 5 Offers received and sold for $205,000 over asking price. This property is on a street to street lot, with no garage, in a congested part of San Rafael, limited storage, odd parking arrangement, and has an impractical layout. But it was thoughtfully refreshed (lightly updated), staged well (higher-end staging) and had bay views. Another example of the importance of updates and staging. This could have been a hard sell, with all the objections mentioned, had they not taken steps to present the home in its best light. 

Some numbers for October of 2026

North San Rafael 94903: Median sold price $1,430,00 and the median price per square foot was $783

South San Rafael 94901: Median sold price $1,500,00 and the median price per square foot was $754

These numbers can change, as agents will report late sales or adjust information. These numbers were pulled on November 2, 2026.