This market profile is a snapshot of what is happening in Novato. Home prices trended down slightly this week but have generally been moving up . The number of Novato homes for sale has trended down. The days on market and the Novato market action index remain flat at this point in time, which doesn’t indicate a strong pull for the market in either direction.
Novato Real Estate Market Update
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There are currently 245 homes* for sale in Novato, California. There are 109 homes under contract. (*single family) |
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| Median List Price | $750,000 |
| Highest Priced Home in Novato (single family) | $239,900 1674 Center Road, Novato |
| Lowest Priced Home in Novato (single family) | $4,200,000 1191 Simmons Lane, Novato |
| Asking Price per Square Foot | $318 |
| Average Days on Market | 152 |
| Percent of Properties with Price Decrease | 34% |
| Percent Relisted | 2% |
| Median House Size (sq ft) | 2,281 |
| Median Lot Size | 0.25-0.50 acre |
| Median Number of Bedrooms | 4.0 |
| Median Number of Bathrooms | 2.5 |
| Market Action Index | 17- 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 August 25, 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.