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Black Canyon (Domincan) China Camp Civic Center Commercial Center (North San Rafael) East San Rafael (East) Los Ranchitos (Rafael Meadows) Lucas Valley Marinwood Mont Marin (San Rafael Park) Santa Venetia Smith Ranch Terra Linda West San Rafael (West)

SAN RAFAEL, CA 94903

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 94903

Black Canyon (Domincan) · China Camp · Civic Center · Commercial Center (North San Rafael) · East San Rafael (East) · Los Ranchitos (Rafael Meadows) · Lucas Valley · Marinwood · Mont Marin (San Rafael Park) · Santa Venetia · Smith Ranch · Terra Linda · West San Rafael (West)

Market Analysis

Data as of September 2026. Source: Realtor.com.

The SAN RAFAEL, CA real estate market (94903) currently shows 73 active listings, with 20 pending sales. Homes are averaging 46 days on the market before going under contract.

Inventory has tightened compared to last year, with 50 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 46 days on market compared to 42 days last year.

The median listing price has fallen 27.9% year-over-year, from $1,174,000 to $846,250.

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Market Context

Market Context

Population: 31,582  ·  Density: 613.2/mi²  ·  Median household income: $131,172

Typical home value: $1,104,290  ·  Homeownership: 64.8%

Market Overview

Active Listings
73
⇩ 40.7% vs 123 last year
Pending
20
27% pending ratio
Median Price
$846,250
⇩ 27.9% vs $1,174,000 last year
Average Price
$1,056,871
⇩ 15.7% vs $1,253,300 last year
Days on Market
46
⇧ 9.5% vs 42 days last year

Price Per Square Foot

Median $/sqft
$566
⇩ 16.5% vs $678/sqft last year
Median Home Size
1,366 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 73 this year vs 123 last year
  • Days on market: 46 now vs 42 last year

Median & Average Pricing

Year over Year
  • Median: $846,250 (-27.9% YoY)
  • Average: $1,056,871 (-15.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 14.1 miles — 334 listings ($380,663,236 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
94903San Rafael, CA 949030.0 mi60$53,624,460$736,500$893,741
94949Novato, CA 949493.0 mi29$35,208,523$1,124,000$1,214,087
94957Ross, CA 949574.3 mi1$3,342,500$3,342,500$3,342,500
94904Greenbrae, CA 949045.3 mi9$16,193,997$1,142,000$1,799,333
94963San Geronimo, CA 949636.2 mi1$949,000$949,000$949,000
94947Novato, CA 949477.0 mi36$44,859,204$1,197,500$1,246,089
94941Mill Valley, CA 949417.4 mi34$65,814,582$1,784,500$1,935,723
94946Nicasio, CA 949468.1 mi6$31,240,002$4,997,500$5,206,667
94938Lagunitas, CA 949389.7 mi2$1,757,166$871,750$878,583
94801Richmond, CA 9480110.6 mi55$29,461,025$502,000$535,655
94965Sausalito, CA 9496512.0 mi29$50,751,392$1,287,250$1,750,048
94804Richmond, CA 9480413.5 mi67$37,999,720$541,500$567,160
94956Point Reyes Station, CA 9495614.1 mi5$9,461,665$2,000,000$1,892,333

Frequently Asked Questions

How many homes are for sale in SAN RAFAEL, CA 94903?

As of September 2026, there are 73 active listings in SAN RAFAEL, CA (zip code 94903), compared to 123 the prior year.

What is the median home price in SAN RAFAEL, CA 94903?

The median listing price in SAN RAFAEL, CA 94903 is $846,250 as of September 2026, a 27.9% decrease from $1,174,000 the prior year.

How long do homes stay on the market in SAN RAFAEL, CA?

Homes in SAN RAFAEL, CA 94903 spend an average of 46 days on the market before going under contract, compared to 42 days the prior year.

Is it a seller's or buyer's market in SAN RAFAEL, CA 94903?

Based on current inventory and days-on-market data as of September 2026, SAN RAFAEL, CA 94903 is currently a Balanced Market. Inventory has tightened compared to last year, with 50 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 46 days on market compared to 42 days last year.

How much can I save on real estate commission in SAN RAFAEL, CA?

With SELL123.com's maximum 3% commission, sellers in SAN RAFAEL, CA 94903 save an estimated $16,925 compared to a typical 5% commission on the median listing price of $846,250. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.