$10,000 Closing Credit*
$1,050,000
2,130 SqFt
4 Beds
•2 Full Baths, 1 Partial
Kristen Palmer, John Brannan John Brannan, Listing Office: RE/MAX Gold
Is Central 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, Central Novato has remained a Seller's Market.
Key Takeaway
Central Novato is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central Novato, CA
How much do homes in Central Novato, CA cost?
Median Sold Price
$930,000
$531/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$30,000(+3.3%)
Key Takeaway
Homes in Central Novato have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Central Novato was $930,000 in September 2024, up 3.3% from last year, and the median price per square foot was $531.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $329K | -12.3% |
| 2 Bedrooms | $667K | $587.5K | -11.9% |
| 3 Bedrooms | $925K | $920K | -0.5% |
| 4 Bedrooms | $1.2M | $1.1M | -2.1% |
| 5+ Bedrooms | $1.3M | $1.4M | +9.9% |
Summary: Central Novato housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.3%, 2 bedroom homes decreased by 11.9%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 9.9%.
Housing Supply in Central Novato, CA
How many homes are available in Central Novato, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Central Novato real estate market had 27 homes for sale in September 2024, a 8.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Central 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 14.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Novato, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Central Novato in September 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Central Novato, CA
We’re sorry, we don't have information for this market at the moment
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