$10,000 Closing Credit*
$1,225,000
2,300 SqFt
5 Beds
•2 Full Baths, 1 Partial
The Johnson Team, Listing Office: Coldwell Banker Realty
Is Southwest Novato, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$1,205,000
$611/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$76,515(+6.8%)
Key Takeaway
Homes in Southwest Novato have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Southwest Novato was $1,205,000 in December 2024, up 6.8% from last year, and the median price per square foot was $611.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $353.8K | $390K | +10.2% |
| 2 Bedrooms | $640K | $544K | -15.0% |
| 3 Bedrooms | $1.1M | $1.1M | +2.8% |
| 4 Bedrooms | $1.4M | $1.6M | +8.2% |
| 5+ Bedrooms | $2.1M | $2.4M | +15.5% |
Summary: Southwest Novato housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 15.5%.
Housing Supply in Southwest Novato, CA
How many homes are available in Southwest Novato, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Summary: The Southwest Novato real estate market had 19 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Southwest Novato housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 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. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Southwest Novato in December 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
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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.