This market profile is a snapshot of what is happening in Novato. Home prices have climbed in recent weeks. The days-on-market and the listing inventory have been decreasing while the Novato Market Action Index has been flat, not providing a strong indication of conditions for the Novato real estate market.
Novato Real Estate Market Update
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There are currently 226 homes* for sale in Novato, California. There are 80 homes under contract. |
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| Median List Price | $671,950 |
| Highest Priced Home in Greenbrae (single family) | $2,995,000 1200 Cabro Ridge, Novato |
| Lowest Priced Home in Greenbrae (single family) | $354,900 2577 Topaz Drive, Novato |
| Asking Price per Square Foot | $333 |
| Average Days on Market | 163 |
| Percent of Properties with Price Decrease | 48% |
| Percent Relisted | 4% |
| Median House Size (sq ft) | 2,095 |
| Median Lot Size | 8,0001-10,000 Sq Feet. |
| Median Number of Bedrooms | 4.0 |
| Median Number of Bathrooms | 2.5 |
| Market Action Index | 15 – Cold! Buyer’s Market |
The Market Action Index answers the question: “How’s the Novato Real Estate Market?” By measuring the current rate of sale versus the amount of inventory. Index above 30 implies seller’s market conditions. Below 30, conditions favor the buyer.
Novato Real Estate Market Data effective as of March 30, 2009. Data provided by AltosResearch and Bay Area Real Estate Information Services, Inc. Are you a Marin real estate junkie? Sign up to receive very detailed real-time market reports in your email. Just register and let me know which neighborhoods you are interested in. Download a sample report.