Marin County Real Estate Market Report
November 2023

Marin Real Estate Market report November 2023

Marin Real Estate Market Report

November 2023

The median sold home price declined 7% in October 2023 compared to the same month last year, while days on market increased 3% to 35 days. More sellers are sitting on the sidelines, with the number of homes for sale 7% compared to the same month last year.

My email in-box is filled with “price improvement!” emails, and the top of the market is taking some especially large reductions. However, homes that are priced for today’s market and not the market last year are selling quickly assuming the marketing is also top notch. 

As we enter this season of gratitude, I would like to thank you, my clients and friends, for all the support you have given my business over the years. It truly means the world to me and I think of that every single day. I hope you have a wonderful Thanksgiving.

Just Sold!

I just launched and sold 23 Maplewood Drive in San Rafael’s Glenwood neighborhood. It is a newly-remodeled 4 BR+office / 3 BA home with a gorgeous swimming pool in a flat, fenced backyard that opens up to the park behind the house. Truly a special home, it sold in the first week for $2,050,000, $53,000 over the asking price. 

Last month you may recall that I also launched 40 Rodeo Avenue in Sausalito, which sold in 5 days for $255,000 over the asking price.

I was also thrilled to help my clients purchase 108 McCoy Rd in San Rafael. After some negotiating, they were able to purchase the home for $50,000 under the asking price.  

I also just sold  115 Oak Drive in San Rafael in conjunction with Global Estates. It sold for $1,795,000. A lovely home and I offer my congratulations to the new owners!

How Can I Help?

While the market is shifting, there are many opportunities out there for smart buyers and sellers. Let me help pave the road to success for you!

These market reports are a great place to start, but let’s continue the conversation. I am always happy to discuss the market and the best way to approach buying or selling a home in Marin County or the greater Bay Area. Call or text me anytime at 415-847-5584.

Check Out My Sizzle Reel!

From the Golden Gate Sotheby’s Bay Area Market Report…


As the fourth quarter began, the SF Bay Area single family home market remained resilient. Though higher mortgage rates dampened some buyer demand, pricing stabilized across many neighborhoods in the region. Through early fall, the unemployment rate ticked up to the high-3% range as some workers impacted by previously announced layoffs became eligible to file unemployment insurance claims. Despite the increase, the labor market in the region remained tight and wages continued to increase. The combination of jobs and income growth should continue to support demand for homes throughout the region.
Homes selling at premium higher than last year chart


Sales volume rebounded from the September lull to approximately 3,300 homes. The number of homes sold in the SF Bay Area increased by 9% compared with last month. The recent improvement in inventory helped to drive a portion of the increased sales. The most substantial increases in homes sold occurred in Marin, Napa and San Francisco counties. Sales increased in all counties during October, though Alameda and San Mateo counties were virtually unchanged. Throughout the pricing spectrum, sales activity improved in the SF Bay Area. The number ofhomes sold for more than $3.5 million increasedby 6% in October while mid-priced home salesincreased by 7%. The largest increase in sales occurred in the lower price tiers as the number of sales of homes priced less than $1.2 million increased by approximately 11%. By county, theimprovement in sales was varied across the pricing spectrum. In San Francisco, sales of homes priced more than $3.5 million doubled from last month. Mid-priced home sales increased substantially in Napa and Sonoma counties.


SF Bay Area housing market conditions should hold steady through the remainder of the year. For-sale inventory is expected to remain stable even as homes may take longer to sell. Many potential buyers have acclimated to mortgage rates that may remain higher for longer, which may lead activity to accelerate in line with fluctuations in rates. The push by many employers for a return to office combined with increased traffic congestion continues to funnel a growing share of buyer demand to the inner SF Bay Area and neighborhoods with access to transit.

Please click here to read the full report.

What My Clients Are Saying…

Just Sold!

23 Maplewood Drive | San Rafael

23 Maplewood Drive in San Rafael, California

Beautifully Remodeled Glenwood Home with Sparkling Swimming Pool and Fenced Backyard

Sold in One Day for $1,995,000

40 Rodeo Avenue | Sausalito

40 Rodeo Avenue Sausalito entrance at twilight

Enchanting Mid-Century Modern Retreat with Breathtaking Panoramic Views

Sold in One Week for $255,000 Over Asking at $1,750,000

1273 Cambridge Street | Novato

1273 Cambridge Street Novato front exterior of home

Single-Level Charmer With Beautifully Remodeled Kitchen and Baths

Sold by Thomas for $918,000

Pending Sale

115 Oak Drive | San Rafael

115 Oak Drive San Rafael California back garden and guest house

Sophisticated Gem Located in Hidden Coastal Enclave

Sale Pending

Marin Real Estate Market Stats

Marin county real estate sales by town November 2023 chart
Marin county real estate market trends November 2023

Marin County Real Estate Market Report Charts

(click any slide to enlarge & launch slideshow)

“For Sale” vs. Sold Home Prices vs. Median Home Prices

marin county real estate market report november 2023 home prices chart

Marin Home Prices List Price vs. Sold

marin county real estate market report november 2023 days on market chart

Marin County Months of Inventory Based on Closed Sales

marin county real estate market report november 2023 months of inventory chart

Average Price Per Square Foot

average price per square foot marin homes sold chart

Marin County Number of Homes on the Market

marin county real estate market report november 2023 home inventory chart

I hope you have found my Marin County Real Estate Market Report informative. Please feel free to add your comments, questions or suggestions in the comments section below. If I may be of any assistance in helping you attain your real estate goals, please call or text me at 415-847-5584 and I will be in touch right away.

Would you like to see this data for your town only?

I am also excited to announce that my website now has new real estate market reports by town with more coming soon. Please check these out:

Belvedere Real Estate Market Report

Corte Madera Real Estate Market Report

Fairfax Real Estate Market Report

Kentfield Real Estate Market Report

Larkspur Real Estate Market Report

Mill Valley Real Estate Market Report

Novato Real Estate Market Report

San Anselmo Real Estate Market Report

San Rafael Real Estate Market Report

Tiburon Real Estate Market Report

These are all accessible from the “Market Reports” menu item here on my website at any time.

Marin County Realtor Thomas Henthorne headshot

About the Author

Thomas Henthorne is consistently top-ranked, award-winning real estate agent in Marin, helping people buy and sell homes for almost a decade. He writes the #1 real estate blog in Marin County and is a frequent speaker on panels at industry gatherings.

He may be reached at 415-847-5584.

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