San Francisco Bay viewed toward Marin County, with waterfront buildings and wooded hills.

October 2024 Marin County & San Francisco Real Estate Market Reports

In September, the Federal Reserve lowered its benchmark rate for the first time since 2020, a positive development for the housing market, with analysts expecting further cuts by year-end. Inflation has reached its lowest point in 3.5 years, and consumer confidence has improved for the fourth consecutive month. While mortgage rates dropped in early October, a strong jobs report caused a temporary spike. Experts anticipate rates will continue to decline in Q4.

Though sales increased in September, buyer demand has not rebounded as strongly as expected, with many waiting for further rate drops. New listings surged in September, offering buyers the widest selection of homes since late 2023. October is a critical month for sellers, with price reductions common as they aim to close deals before the winter slowdown. 

Reach out to Marks Realty Group if you have any questions, we are here to help you.

 

Chart of San Francisco quarterly median house prices, 2012–2024, peaking at $2 million in Q2 2022.

Marin County quarterly median house prices, 2015–2024, showing a $2 million peak in Q2 2022.

Bar chart of San Francisco condo median sales prices by quarter, 2012–2024; Q3 2024 is $1,147,500.

Bar chart showing Marin County average home values per square foot by quarter, 2016–2024.

San Francisco home sales infographic comparing counts, median sizes, and prices by property type.

Marin County home sales infographic comparing six-month sales counts, median sizes, and prices by property type.

San Francisco residential market table comparing price segments and property types.

Marin County residential market chart comparing sales and inventory metrics by price range and property type.

Chart of San Francisco new listings, December 2019–September 2024, showing seasonal peaks and a September 2024 count near 800.

Marin County new-listing bar chart, December 2019–September 2024, highlighting September 2024’s 53% year-over-year increase.

San Francisco monthly active and coming-soon home listings, charted from February 2022 through October 2024.

Bar chart of Marin County home listings, showing 506 active and coming-soon listings on October 1, 2024.

CLICK HERE TO SEE THE FULL MARIN COUNTY REPORT

CLICK HERE TO SEE THE FULL SAN FRANCISCO REPORT

 

ABOUT THE AUTHOR


Marks Realty Group is more than just a top-producing real estate team in Marin County—we’re your trusted neighbors, friends, and advocates. Known for combining market expertise with a client-first approach, our team is dedicated to helping you buy or sell your home with discretion, respect, and care. We listen like friends and deliver results like seasoned professionals, guiding you through every step of the process and staying by your side long after the deal is done. With Marks Realty Group, you’re not just a client—you’re part of our community.

Work With Us

You can count on us to help you sell and help you buy, and be there for you every step of the way before and well after your deal is done. So, why us? Because working with us, you are more than a client in a transaction; you become a friend for life.