$10,000 Closing Credit*
$1,350,000
1,167 SqFt
2 Beds
•2 Full Baths
Own Marin, Listing Office: Own Marin
Is Novato, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Novato has remained a Seller's Market.
Key Takeaway
Novato is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Novato, CA
How much do homes in Novato, CA cost?
Median Sold Price
$1,061,666
$583/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$29,166(+2.8%)
Key Takeaway
Homes in Novato have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Novato was $1,061,666 in September 2024, up 2.8% from last year, and the median price per square foot was $583.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | $385K | +6.9% |
| 2 Bedrooms | $609.9K | $565K | -7.4% |
| 3 Bedrooms | $960K | $977K | +1.8% |
| 4 Bedrooms | $1.2M | $1.3M | +7.2% |
| 5+ Bedrooms | $1.6M | $1.6M | 0.3% |
Summary: Novato housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
| Northwest Marin | $1.2M | $1.2M | +4.2% |
| Novato | $1.0M | $1.0M | +2.8% |
Housing Supply in Novato, CA
How many homes are available in Novato, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 135 | 153 | +13.3% |
Summary: The Novato real estate market had 153 homes for sale in September 2024, a 13.3% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 25 | +25.0% |
| 3 Bedrooms | 56 | 61 | +8.9% |
| 4 Bedrooms | 51 | 54 | +5.9% |
| 5+ Bedrooms | 7 | 12 | +71.4% |
Summary: The Novato housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 35 | 34 | -2.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Novato, you could pay more than the asking price. 41.2% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in Novato in September 2024, down by 2.9% month-over-month. Of the 34 sold homes, 38% were sold under asking, 21% were sold at asking, and 41% were sold over asking.
Days on Market for Novato, CA
How long does it take to sell a home in Novato, CA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 28 Days | 23 Days | -16.7% |
Summary: Homes in Novato had an average of 23 days on market in Sep 2024, down by 16.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Novato has remained consistent over time.
Summary: During September 2024, 34 homes were sold in Novato; 3% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Copyright © 2024 by Bay Area Real Estate Information Services, Inc. All rights reserved. 
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.