The San Rafael Real Estate Market Report, for June of 2025

The June 2025 real estate market report for San Rafael, California. The following are the key points: #1. The number of homes sold in June remained the same month over month and was up year over year by 7.9%. It should be noted that in March only 22 homes sold whereas in April we saw 43 homes sold and in May and June 41 homes sold each month. #2 The days on market increased by 88% to 32 days month over month and year over year by 68%. #3. The original list price to final sales price ratio hit 105% in February, dropped down to 101% in March and in April went up 102% carrying over in May to 102%, but for June dropped to 97%. #4. The median price per square foot at $806 is down 5.9% from its May number of $857, and up 6.2% year over year. 

Of the 41 sold homes, 16 received multiple offers (the same number as May), and of those 11 sold over asking (again the same number as May), and 5 sold under their list price. We have seen buyers being more tentative and selective. There are certainly deals to be made for buyers out there with 97 homes for sale in San Rafael (there were 108 homes for sale in May), but we are still seeing sellers leverage things they can control. For sellers; Think curb appeal, light refresh of the home, staging (high-end staging is better) and strategic pricing. For buyers; I would suggest going after homes with longer days on market and connecting with a local agent so you know about off market opportunities, as many sellers and their listing agents hold properties off market through Labor Day. 

The numbers are largely showing a slow down in the market, but for the number of homes under contract increasing by 19%. The slowdown is likely the seasonal summer lull. Homes are still selling at a good pace, for the most part, but for 14 of the 41 sold homes to sell under the list price in San Rafael, is uncommon even for the summer here. Nearby Novato saw 26 of its 49 sales close under their list price and Novato is often an outlier of how the rest of the Marin market will trend. The market between now and Labor Day I would expect to be in hibernation for the most part, as is typical in Marin. September will be the bellwether of the Marin market for Fall.

See the graphs below for reference;