$10,000 Closing Credit*
$1,595,000
2,560 SqFt
4 Beds
•3 Full Baths
#324083224, Jennifer C Ferland, Listing Office: Compass
Is Southwest 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, Southwest Novato has remained a Seller's Market.
Key Takeaway
Southwest Novato is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southwest Novato, CA
How much do homes in Southwest Novato, CA cost?
Median Sold Price
$1,108,115
$593/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$91,885(-7.7%)
Key Takeaway
Homes in Southwest Novato have sold for 7.7% less than they did a year ago.
Summary: The median home sold price in Southwest Novato was $1,108,115 in September 2024, down 7.7% from last year, and the median price per square foot was $593.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $353.8K | $390K | +10.2% |
| 2 Bedrooms | $640K | $609K | -4.8% |
| 3 Bedrooms | $1.2M | $1.1M | -7.7% |
| 4 Bedrooms | $1.5M | $1.5M | -0.2% |
| 5+ Bedrooms | $1.7M | $2.0M | +20.3% |
Summary: Southwest Novato housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 20.3%.
Housing Supply in Southwest Novato, CA
How many homes are available in Southwest Novato, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 21 | 25 | +19.0% |
Summary: The Southwest Novato real estate market had 25 homes for sale in September 2024, a 19.0% 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 | 6 | 5 | -16.7% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Southwest 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 decreased by 16.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Novato, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Southwest Novato in September 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Southwest Novato, CA
We’re sorry, we don't have information for this market at the moment
Copyright © 2024 by Bay Area Real Estate Information Services, Inc. All rights reserved. 
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. 
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.