Canal, San Rafael Housing Market · 2026

Data through Sep 2026

Data curated by Melanie Tan, 8 Blocks Real Estate · How this data works

Canal, San Rafael Market Snapshot

Canal leans toward buyers, though competition has been picking up recently. Here's where things stand:

Based on 9 homes sold in the 3 months ending September 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Enough to see the trend, but individual sales still move the median. Updated weekly.

Data through September 2026

SalesWhat are homes selling for?
Median Sale Price
$425K
▼ Down 35.6% from September 2025
Down $235K from September 2025
Homes Sold
9
Sold in the last 3 months. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$2,979/mo
7.4% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$2,353
  • Property Tax$443
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
53 days
▼ 3 fewer days than in September 2025
Buyers have time to decide
Sale-to-List Ratio
100.2%
▲ Up from 93.8% in September 2025
Selling at or near asking price
% Sold Over Asking
33%
33% of homes sold above asking, some competition
Active Listings
10
▼ Down 43.5% from September 2025
About 3.2 months of supply. Moderate selection available

Market Trends

See how prices, monthly costs, and mortgage rates have moved in Canal.

Median Sale Price
Down 35.6% year-over-year in Canal. Based on 9 sales in the last 3 months.
Homes Sold
About the same sales volume as a year ago in Canal.
Total Monthly Payment
Estimated monthly cost is down 30% from a year ago in Canal, reflecting changes in both price and mortgage rates.

Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.

30-Year Fixed Mortgage Rate (National Avg.)
National average currently at 7.4%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about Canal, San Rafael

Is now a good time to buy in Canal, San Rafael?

Canal, San Rafael leans toward buyers, though competition has been picking up recently. Buyers still have leverage to negotiate, but the window may be narrowing.

How do Canal, San Rafael home prices compare to the Bay Area average?

At $425K, Canal, San Rafael's median sits about 76% below the Bay Area average of $1.77M. Canal, San Rafael is among the most accessible parts of the Bay Area.

Within San Rafael, this area trades about 67% below the city-wide median of $1.30M.

By home type:

  • Condos at $405K
  • Single-family homes at $1.07M
  • Townhomes at $1.08M
What price range should I budget for in Canal, San Rafael?

Prices in Canal, San Rafael depend heavily on home type and specific neighborhood. Median sale prices by type:

  • Condos at $405K
  • Single-family homes at $1.07M
  • Townhomes at $1.08M

Individual listings vary widely based on location, size, and condition. The best calibration is to narrow to a few specific neighborhoods you are considering and look at recent sales there.

How competitive is Canal, San Rafael for buyers?

Canal, San Rafael currently leans toward buyers:

  • Homes sell about 0.2% above asking on average
  • 33% close above list price
  • 53 days typical time to go pending
  • 27% of listings have had a price reduction

Buyer strategy: a well-structured offer near or below list price has a good chance of success.

What will my total monthly cost be on a median-priced Canal, San Rafael home?

At $425K with 20% down at 7.4%, your estimated total monthly cost is approximately $2,979:

  • $2,353 principal and interest
  • $443 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.

No noise, just a quick weekly read on what's going on in your market.

Melanie Tan
Melanie Tan
DRE #02250755
“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
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