$10,000 Closing Credit*
$1,250,000
3,317 SqFt
5 Beds
•3 Full Baths
Jennifer Bowes, Listing Office: Compass
Is Central Novato, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$927,500
$530/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,500(+3.4%)
Key Takeaway
Homes in Central Novato have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Central Novato was $927,500 in November 2024, up 3.4% from last year, and the median price per square foot was $530.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $329K | +1.2% |
| 2 Bedrooms | $675K | $580K | -14.1% |
| 3 Bedrooms | $925K | $920K | -0.5% |
| 4 Bedrooms | $1.2M | $1.1M | -1.6% |
| 5+ Bedrooms | $1.4M | $1.5M | +11.9% |
Summary: Central Novato housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes decreased by 14.1%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 11.9%.
Housing Supply in Central Novato, CA
How many homes are available in Central Novato, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 18 | -35.7% |
Summary: The Central Novato real estate market had 18 homes for sale in November 2024, a 35.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 12 | 8 | -33.3% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Central Novato housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 6 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 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. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Central Novato in November 2024, down by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% 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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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.