This market profile is a snapshot of what is happening in San Rafael. The San Rafael real estate market is definitely area specific right now. Home prices in the 94901 area of San Rafael are down again this week with an increasing inventory of listings while home prices in the 94903 zip code continues to be on an up trend with inventory going down.
| San Rafael Real Estate Market Update | ||
| Area- Zip Code |
94901 |
94903 |
| Median List Price | $899,000 | $797,000 |
| Asking Price per Square Foot | $473 | $407 |
| Average Days on Market | 109 | 144 |
| Percent of Properties with Price Decrease | 51% | 54% |
| Percent Relisted | 5% | 9% |
| Median House Size (sq ft) | 2,196 | 1,888 |
| Median Lot Size | 0.25-0.50 acre | 0.25-0.50 acre |
| Median Number of Bedrooms | 4.0 | 4.0 |
| Median Number of Bathrooms | 2.5 | 2.0 |
| Market Action Index | 14- Cold! Buyer’s Market | 15- Cold! Buyer’s Market |
The Market Action Index answers the question “How’s the San Rafael Real Estate Market?” By measuring the current rate of sale versus the amount of inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.
San Rafael Real Estate Market Data effective as of November 17, 2008. Data provided by AltosResearch. Are you a Marin real estate junkie? Sign up to receive very detailed real-time market reports in your email. Just register and let me know which neighborhoods you are interested in. Download a sample report.