$5,730 Closing Credit*
$482,500
1,095 SqFt
2 Beds
•1 Full Bath
Sandy Mahoney, Listing Office: The Madison Company
Is Southwest Novato, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$1,200,000
$596/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+0.8%)
Key Takeaway
Homes in Southwest Novato have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Southwest Novato was $1,200,000 in October 2024, up 0.8% from last year, and the median price per square foot was $596.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $353.8K | $390K | +10.2% |
| 2 Bedrooms | $635K | $577K | -9.1% |
| 3 Bedrooms | $1.2M | $1.1M | -3.3% |
| 4 Bedrooms | $1.4M | $1.6M | +8.5% |
| 5+ Bedrooms | $1.7M | $2.4M | +40.3% |
Summary: Southwest Novato housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 40.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Loma Verde | $1.2M | $1.2M | +1.2% |
| Southwest Novato | $1.1M | $1.2M | +0.8% |
Housing Supply in Southwest Novato, CA
How many homes are available in Southwest Novato, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 31 | +19.2% |
Summary: The Southwest Novato real estate market had 31 homes for sale in October 2024, a 19.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Southwest Novato housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Novato, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Southwest Novato in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% 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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