San Rafael Real Estate Market Update, October Numbers Reported

San Rafael Real Estate Market 

The October 2025 real estate market report for San Rafael, California. The following are the key points: #1. The number of homes sold in October increased month over month by 6.1%, so from 33 homes sold in September to 35 in October, but year over year there was a decrease of 15%. #2 The median days on the market increased by a staggering 135% month over month, and increased by 38% year over year. We still saw 10 homes sell in less than 20 days. #3. The original list price to final sales price ratio hit 99% in October, it has been less than 100% for five months now, this is also true for Novato. #4. The median price per square foot is at $826 increasing 1.8% month over month. 

Of the 35 homes sold, 16 received multiple offers, and of those 11 sold over asking, 1 at its’ list price, and the remaining 4 sold under their list price. We continue to see buyers being more tentative and selective. There continues to be deals to be made for buyers out there with 110 homes for sale in San Rafael, down from 135 last month at this time. 15 of the 35 homes that sold in October sold under their listed price. For sellers; Think curb appeal, light refresh of the home, staging (high-end staging is better) and strategic pricing. For buyers; I would encourage writing lower offers, especially if you learn you are not competing, however, if the home shows well and is in a good location it can still sell for above the list price, so follow up with the listing agent on level of interest. The market has slowed and the typical seasonal slow down took effect earlier this year. 

There were three off market sales in San Rafael, with two of them selling over their list.

See graphs below for reference:

Numbers puled on November 6, 2025