New Listing
15
$349,000
302 Mariner Way
Novato, CA 94945
1 bd1 ba624 sqft$559/ft²
Condo623 sqft lot
Marie Borders · Marin's Finest
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Sarah Mitchell
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Compass Real Estate · Novato, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Novato, CA(512) 555-0184TX License #0512847
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Novato, CA Housing Market & Real Estate
Seller's market-6.0% YoY
Housing market overview · Updated monthly ·
$1.02Mmedian sale price
How is the Novato, CA housing market right now?
The median home sale price in Novato, CA is $1.02M, down 6.0% year-over-year. Homes sell in an average of 32 days with 110 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Novato a buyer's or seller's market?
Seller's market2.1 months of supply32 avg. days on market
Novato, CA is currently a seller's market, based on 2.1 months of supply and homes selling in about 32 days. How we determine this →
Homes sold
52
Last 12 weeks
Days on market
32
Average pace
Active listings
110
2.1 months supply
Sale-to-list
100.0%
Above asking
What does the Novato housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.02M |
| Median list price | $1.09M |
| Year-over-year price change | -6.0% |
| Average days on market | 32 days |
| Active inventory | 110 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $517/sq ft |
| Homes sold (latest month) | 52 |
| New listings (latest month) | 72 |
| Listings with a price cut | 30.9% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Novato by property type?
How the Novato, CA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.24M | $587/sq ft | 32 | 27 days |
| Condo / Co-op | $575,000 | $474/sq ft | 11 | 30 days |
| Townhouse | $740,000 | $498/sq ft | 6 | 53 days |
Source: Redfin · Updated monthly
The Novato housing market is currently classified as a seller's market with a median sale price of $1.02M. Prices have fallen 6.0% compared to last year, with homes spending an average of 32 days on market, indicating 2.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 9.8x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Novato
There are currently 110 homes listed for sale in Novato, California. The median listing price is $1.1M. Featured listings range from $349,000 to $3,650,000.
New Listing
51
$640,000
3 Aries Ln
Novato, CA 94947
2 bd2 ba1,056 sqft$606/ft²
Townhouse4,500 sqft lot
Faber Real Estate Team · Compass
View photos & details
New Listing
30
$659,000
202 Albion Ct
Novato, CA 94947
3 bd3 ba1,365 sqft$483/ft²
Townhouse1,542 sqft lot
Jeffrey Figone · The Source Real Estate Company, Inc.
View photos & details
New Listing
28
$719,000
186 Redhawk Rd
Novato, CA 94949
2 bd3 ba1,674 sqft$430/ft²
Townhouse1,677 sqft lot
Susan Coleman · Coldwell Banker Realty
View photos & details
New Listing
42
$765,000
74 Salvatore Dr
Novato, CA 94949
3 bd3 ba1,528 sqft$501/ft²
Townhouse4,299 sqft lot
Bowman Real Estate Group · Vanguard Properties
View photos & details
New Listing
49
$1,350,000
19 Shannon Ct
Novato, CA 94949
4 ba2,880 sqft$469/ft²
Multi-family9,252 sqft lot
Tamara Goldman · Compass
View photos & details
New Listing
54
$1,395,000
1427 Dawes St
Novato, CA 94947
4 bd3 ba2,034 sqft$686/ft²
House7,501 sqft lot
John Davis · Coldwell Banker Realty
View photos & details
New Listing
33
$1,399,000
8 Rowe Ranch Ct
Novato, CA 94949
3 bd3 ba1,894 sqft$739/ft²
House3,899 sqft lot
The Marks Realty Group · Compass
View photos & details
New Listing
46
$2,250,000
1676 Indian Valley Rd
Novato, CA 94947
3 bd5 ba3,572 sqft$630/ft²
House1.64 acres
Eric Schmitt · Coldwell Banker Realty
View photos & details
New Listing
99
$2,995,000
40 Miwok Dr
Novato, CA 94947
5 bd5 ba5,133 sqft$583/ft²
House14,998 sqft lot
Marla Moresi-Valdes · Sotheby's International Realty
View photos & details
New Listing
77
$3,650,000
172 Pacheco Ave
Novato, CA 94947
6 bd7 ba5,745 sqft$635/ft²
House1.61 acres
Colleen Cornell · Coldwell Banker Realty
View photos & details
New Listing
93
$3,650,000
36 Capilano Dr
Novato, CA 94949
5 bd5 ba3,349 sqft$1090/ft²
House43,120 sqft lot
Spiro Stratigos · Corcoran Icon Properties
View photos & details
Looking to buy in Novato?
Get connected with a local real estate expert — free, no obligation.
Active listings
110
Homes on market
Median list price
$1.1M
Avg. days on market
32
Days until sale
New this week
72
Newly listed
Price drops:30.9%of listings
Sale-to-list:100.0%
Who lives in Novato?
Population
52,689
Median income
$112,193/yr
Median age
47.8 years
Owner-occupied
65.5%
College grads
47.5%
Avg commute
27.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Novato?
Zillow home value
$1.09M
Zillow rent index
$3,839/mo
Price-to-rent ratio
23.8x
Price-to-income
9.8x
Source: Zillow Research
What is it like to live in Novato?
Novato is a community of approximately 53K residents with a median age of 47.8 years.The median household income is $112,193, which reflects a relatively affluent area with strong earning potential. 47.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 65.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Novato offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Novato?
16 schools tracked · 7,425 students
The largest public schools serving Novato, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Novato High
Grades 9-12 · 1,393 students
San Marin High
Grades 9-12 · 1,186 students
Sinaloa Middle
Grades 6-8 · 752 students
Hamilton TK-8
Grades K-8 · 522 students
San Jose Middle
Grades 6-8 · 516 students
Pleasant Valley Elementary
Grades K-5 · 458 students
San Ramon Elementary
Grades K-5 · 441 students
Loma Verde Elementary
Grades K-5 · 414 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Novato, CA?
Want a head-to-head view? Compare Novato side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Novato?
Is Novato a good real estate investment market?
For investors evaluating Novato, the price-to-rent ratio of 23.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 6.0% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Novato's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Novato's median home price.
Frequently asked questions
What is the average home price in Novato?
The median home sale price in Novato is $1.02M, down 6.0% from last year.
How long do homes stay on market in Novato?
Homes typically spend 32 days on market before going under contract.
What is the median income in Novato?
The median household income is $112,193 per year.
Is Novato a buyer's or seller's market?
With 2.1 months of supply, Novato is currently a seller's market.
How many homes are for sale in Novato?
There are currently 110 homes listed for sale in Novato, CA.
What is the Zillow home value estimate for Novato?
The Zillow Home Value Index (ZHVI) for Novato is $1.09M, representing the typical home value in the area.
What is the median condo price in Novato?
The median condo/co-op sale price in Novato, CA is $575,000, compared to $1.24M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Novato?
The median single-family home price in Novato, CA is $1.24M (about $587 per square foot).
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