Novato Housing Market Report January 2025•Marin County, California

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Housing Prices in Novato, CA

How much do homes in Novato, CA cost?

Housing Market Conditions

Is Novato, CA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Novato is a Neutral Market

Difference Since January 2024

At the same time last year, Novato was a Seller's Market.

Insight

Novato is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$1,078,500$589/SqFt
+$78,500
+7.8%

Based on all homes sold in the last 12 months

Insight

Homes in Novato have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Novato was $1,078,500 in January 2025, up 7.8% from last year, and the median price per square foot was $589.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Novato
+7.8%
Northwest Marin
+1.1%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$354.4K$390K
+10.0%
2$625K$544K
-13.0%
3$955K$975K
+2.1%
4$1.2M$1.3M
+5.2%
5$1.5M$1.8M
+21.3%

Summary: Novato housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +10.0%. The home price for 2 bedroom homes decreased by -13.0%. The home price for 3 bedroom homes increased by +2.1%. The home price for 4 bedroom homes increased by +5.2%. The home price for 5 bedroom homes increased by +21.3%.

Housing supply in Novato, CA

How many homes are available in Novato, CA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
84Last MonthJan 2025
832 months agoDec 2024
+1.2 %
Change MoMDec – Jan

Summary: The Novato real estate market had 84 homes for sale in Jan 2025, a 1.2 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
14Last MonthJan 2025
352 months agoDec 2024
-60.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
122
0.0%
22015
-25.0%
33236
+12.5%
42221
-4.5%
5710
+42.9%

Summary: Novato housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -25.0%. The inventory for 3 bedroom homes increased by +12.5%. The inventory for 4 bedroom homes decreased by -4.5%. The inventory for 5 bedroom homes increased by +42.9%.

Asking Price vs. Sold Price

How much do homes in Novato, CA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price4 Homes

At Asking Price5 Homes

Under Asking Price4 Homes

Insight

If you're buying a home in Novato, expect to pay close to the asking price. 38.5% of homes here sold near the asking price last month.

Summary: A total of 14 homes were sold or pending in Novato in January 2025, down by 60.0% month-over-month. Of the 13 sold homes, 31% were sold under asking, 38% were sold at asking, and and 31% were sold over asking.

Days on Market for Novato, CA

How long does it take to sell a home in Novato, CA?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

Many homes in Novato are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 14 homes were sold in Novato; 7% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
47 DaysThis YearJan 2025
111 Days1 year agoJan 2024
-57.8 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Novato had an average listing age of 47 days in Jan 2025, down by 57.8% compared to the previous year.

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Newest Listings in Novato, CA

What homes are available in Novato, CA?

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Nearby markets

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Based on information from Bay Area Real Estate Information Services Inc., California Regional MLS, and San Francisco MLS for the period 02/01/2023 - 02/01/2025

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 8:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 8:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXListings 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.
© 2025 San Francisco Association of Realtors. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 8:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.