Garrett Burdick's Market Research
San Rafael, CA
Single-Family Homes
Coldwell Banker Realty | 415-602-2282 | garrett.burdick@cbrealty.com
San Rafael, CA
Wed May 08 2024
This week the median list price for San Rafael, CA is $1,595,000 with the market action index hovering around 69. This is an increase over last month's market action index of 68. Inventory has increased to 51.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.
Real-Time Market Profile
| Median List Price | $1,595,000 | |
| Median Price of New Listings | $1,346,000 | |
| Per Square Foot | $779 | |
| Average Days on Market | 31 | |
| Median Days on Market | 14 | |
| Price Decreased | 22% | |
| Price Increased | 2% | |
| Relisted | 2% | |
| Inventory | 51 | |
| Median Rent | ||
| Market Action | 69 | |
| Strong Seller's Market | ||
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. The Market Action Index is a good leading indicator for the durability of this trend.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $2,822,500 | 3,561 | 0.25 - 0.5 acre | 4 | 3.5 | 33 | 2 | 2 | 17 |
| $1,950,000 | 2,575 | 8,000 - 10,000 sqft | 4 | 3 | 59 | 3 | 1 | 14 |
| $1,450,000 | 1,876 | 6,500 - 8,000 sqft | 3 | 2 | 66 | 2 | 3 | 14 |
| $1,100,000 | 1,544 | 6,500 - 8,000 sqft | 3 | 2 | 69 | 5 | 2 | 7 |