$9,987 Closing Credit*
$841,008
1,410 SqFt
3 Beds
•3 Full Baths
Kristi Molinelli, Listing Office: Landsea Real Estate CA
Is 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, 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
$1,080,000
$584/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$91,047(+9.2%)
Key Takeaway
Homes in Novato have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Novato was $1,080,000 in November 2024, up 9.2% from last year, and the median price per square foot was $584.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $354.4K | $390K | +10.0% |
| 2 Bedrooms | $609.9K | $544K | -10.8% |
| 3 Bedrooms | $950K | $972.4K | +2.4% |
| 4 Bedrooms | $1.2M | $1.3M | +8.3% |
| 5+ Bedrooms | $1.6M | $1.7M | +2.0% |
Summary: Novato housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
| Novato | $988.9K | $1.0M | +9.2% |
| Northwest Marin | $1.2M | $1.2M | +1.1% |
Housing Supply in Novato, CA
How many homes are available in Novato, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 157 | 126 | -19.7% |
Summary: The Novato real estate market had 126 homes for sale in November 2024, a 19.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 30 | 26 | -13.3% |
| 3 Bedrooms | 61 | 47 | -23.0% |
| 4 Bedrooms | 50 | 42 | -16.0% |
| 5+ Bedrooms | 15 | 10 | -33.3% |
Summary: The 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 13.3%, 3 bedroom homes decreased by 23%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 42 | -19.2% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Novato, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in Novato in November 2024, down by 19.2% month-over-month. Of the 42 sold homes, 45% were sold under asking, 29% were sold at asking, and 26% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 59 Days | +50.9% |
Summary: Homes in Novato had an average of 59 days on market in Nov 2024, up by 50.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Novato has remained consistent over time.
Summary: During November 2024, 42 homes were sold in Novato; 5% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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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. 
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