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Sarah Mitchell
Compass Real Estate · ZIP 94947
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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94947 ZIP Code Housing Market
$1.10Mmedian sale price
What is the 94947 housing market like right now?
The median home sale price in ZIP code 94947 is $1.10M, down 0.9% year-over-year. Homes sell in an average of 30 days with 56 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 94947 ZIP code a buyer's or seller's market?
ZIP code 94947 is currently a balanced market and homes selling in about 30 days. How we determine this →
What are the latest 94947 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $1.10M |
| Median list price | $1.06M |
| Year-over-year price change | -0.9% |
| Average days on market | 30 days |
| Active inventory | 56 listings |
| Sale-to-list price ratio | 100.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 94947 zip code, located in Novato, CA, is currently classified as a balanced market. The median sale price stands at $1.10M, representing a -0.9% change year over year. Homes in this area spend an average of 30 days on the market before going under contract. There are currently 56 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 94947 sits in the Novato, CA area, roughly 4.4 miles from downtown Novato. Because home prices are set street by street, this ZIP can move differently from Novato's citywide averages. The figures below reflect 94947 specifically — drawn from Redfin transactions, U.S. Census data for its 24,100 residents, and Zillow value estimates.
Homes sold
48
Last 12 weeks
Days on market
30
Average pace
Active listings
56
Sale-to-list
100.2%
Above asking
Market trends
What is driving the 94947 housing market?
The 94947 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 100.2% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 94947 have declined -0.9% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 94947 stands at $1.04M, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $3,700 per month. This gives a price-to-rent ratio of approximately 23.3, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 94947?
Population
24,100
Median income
$128,766/yr
Median age
47.6 years
Owner-occupied
70.5%
College grads
47.1%
Avg commute
28.8 min
What is it like living in 94947?
Zip code 94947 is home to approximately 24,100 residents. The median household income is $128,766 per year, which shapes the types of homes and amenities available in the area. With a median age of 47.6 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 70.5% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 47.1% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 28.8 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 94947.
Which public schools serve ZIP 94947?
9 schools tracked · 3,718 students
The largest public schools serving ZIP code 94947 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
Sinaloa Middle
Grades 6-8 · 752 students
Pleasant Valley Elementary
Grades K-5 · 458 students
Lu Sutton Elementary
Grades K-5 · 349 students
Rancho Elementary
Grades K-5 · 349 students
Lynwood Elementary
Grades K-5 · 259 students
Marin Oaks High
Grades 9-12 · 88 students
Nova Education Center
Grades K-12 · 70 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 94947
What is the median home price in 94947?
The current median sale price in 94947 is $1.10M, based on recent Redfin transaction data. Prices have changed -0.9% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 94947 a buyer's or seller's market?
The 94947 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 94947?
Zip code 94947 has a population of approximately 24,100 residents. The median household income is $128,766 per year. About 70.5% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 94947?
Properties Incorporated provides comprehensive data for 94947 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 94947 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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