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
View photos & details
Brokers — List your Company Here
Featured local agent — Novato, CA
Example placement
Sarah Mitchell
CNESRESABR
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
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Novato, CA Housing Market
Seller's market-0.2% YoY
Zillow, July 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, August 2026 · Refreshes weekly
The typical home in Novato, CA is worth $1.08M, held roughly flat 0.2% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $1.02M, -6.0% year over year (through May 2026). With 2.1 months of supply and homes going under contract in about 32 days, Novato is a seller's market. At today's 6.66% 30-year fixed rate, 20% down on a $1.08M home is about $5,542/mo in principal and interest.
Key numbers for Novato, CA
Typical home value
$1.08M
-0.2% in 12 months
Zillow, July 2026
Typical asking rent
$3,822/mo
Zillow Observed Rent Index
Zillow, July 2026
Median sale price
$1.02M
-6.0% year over year
Redfin, through May 2026
Days on market
32
Average pace
Redfin, through May 2026
Active listings
110
2.1 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$112,193
Home costs 9.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.0%
Selling above asking
Redfin, through May 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Novato a buyer's or seller's market?
Seller's market2.1 months of supply32 days on market100.0% of asking
Novato, CA is a seller's market, based on 2.1 months of supply and homes selling in about 32 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Novato housing market data show?
Every row below is Redfin's final published month for Novato, CA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $1.02M |
| Median list price | $1.09M |
| Year-over-year price change | -6.0% |
| Median price per sq ft | $517/sq ft |
| Median days on market | 32 days |
| Active inventory | 110 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 100.0% |
| Homes sold (that month) | 52 |
| New listings (that month) | 72 |
| Listings with a price cut | 30.9% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Novato is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Novato is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Novato home prices moved?
Over the last three years the median sale price in Novato, CA rose 8.9%, from $935,000 to $1.02M. The live Zillow value series has held roughly flat 0.2% in the last 12 months, which is the more current read now that Redfin's series has stopped. 30.9% of Novato listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.1 months while the sale-to-list ratio slips below its current 100.0%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
Get Novato market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Novato?
Priced off the typical home value of $1.08M at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $215,606 | $862,426 | $5,542/mo |
| 5% | $53,902 | $1.02M | $6,581/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $5,542, that implies roughly $237,522 a year before you add taxes and insurance. The median household in Novato earns $112,193, about $125,329 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 9.6x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Novato in the next 12 months?
Tell us your timeline. We send the Novato market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Novato?
Typical asking rent in Novato, CA is $3,822/mo, against a typical home value of $1.08M. That is a price-to-rent ratio of 23.5x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $5,542 a month — $1,721 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, July 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Novato?
Active listings in Novato, CA went from 97 in May 2025 to 110 in May 2026, a +13.4% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 101 | 51 |
| July 2025 | 92 | 34 |
| August 2025 | 100 | 54 |
| September 2025 | 107 | 54 |
| October 2025 | 109 | 53 |
| November 2025 | 83 | 22 |
| December 2025 | 40 | 13 |
| January 2026 | 65 | 52 |
| February 2026 | 67 | 45 |
| March 2026 | 90 | 62 |
| April 2026 | 100 | 64 |
| May 2026 | 110 | 72 |
Redfin, through May 2026
How does Novato compare to California and the U.S.?
Novato homes sell for $1.02M — 15% above the California median of $887,400. Against the national median of $410,700, Novato runs 148% higher. Year-over-year, Novato moved -6.0% against California's +3.4% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Novato, CA | $1.02M | -6.0% | 32 days |
| California statewide | $887,400 | +3.4% | 33 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Novato
What buyers should watch
- Months of supply, currently 2.1. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 30.9%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $1,039 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $1.08M home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Novato listing goes under contract in 32 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.0% of asking. Price at the number you want and let competition do the rest.
- In the last published month Novato added 72 new listings against 52 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -0.2% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Novato varies more than the citywide median suggests — check the ZIP pages below before you set a number.
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%
How much do homes cost in Novato by property type?
How the Novato, CA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| 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 |
Who lives in Novato?
American Community Survey estimates for Novato. U.S. Census ACS, 2023
Population
52,689
Households
20,431
Median income
$112,193/yr
Median age
47.8 years
Owner-occupied
65.5%
Median home value
$1.01M
Median gross rent
$2,422/mo
Mean commute
27.7 min
65.5% of occupied homes in Novato are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $1.01M against Zillow's $1.08M typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $2,422/mo, below Zillow's $3,822/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
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?
Ordered by distance from Novato, not by size. Compare Novato side by side with any of them.
Which ZIP codes are in Novato?
These are the ZIP codes we see on active Novato listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Novato housing market FAQ
Is Novato a buyer's or seller's market?
Novato, CA is currently a seller's market. That read comes from 2.1 months of supply, homes going under contract in about 32 days, and sellers getting 100.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Novato?
The typical home in Novato, CA is worth $1.08M (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $1.02M, about $517 per square foot.
Is Novato cheaper than the rest of California?
Novato's median sale price of $1.02M is 15% higher than the California statewide median of $887,400, and 148% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Novato?
Homes in Novato, CA spent a median of 32 days on market before going under contract, versus 33 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Novato?
At the current 30-year fixed rate of 6.66%, 20% down on a $1.08M home is about $5,542 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $237,522 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $112,193.
Are home prices rising in Novato?
The typical home value in Novato, CA held roughly flat 0.2% over the last 12 months, from $1.08M to $1.08M (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Novato?
Novato ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Novato?
That depends on your timeline, not on a headline. What the data says today: Novato, CA is a seller's market with 2.1 months of supply, the 30-year fixed rate is 6.66%, and the price-to-rent ratio of 23.5x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Novato, CA
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Novato
Nearby markets
Get the Novato market brief
Get the Novato, CA market brief
One email: what homes are actually clearing at around $1.08M, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.