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Sarah Mitchell
Compass Real Estate · ZIP 94949
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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94949 ZIP Code Housing Market
$1.23Mmedian sale price
What is the 94949 housing market like right now?
The median home sale price in ZIP code 94949 is $1.23M, down 17.2% year-over-year. Homes sell in an average of 29 days with 41 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 94949 ZIP code a buyer's or seller's market?
ZIP code 94949 is currently a balanced market and homes selling in about 29 days. How we determine this →
What are the latest 94949 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $1.23M |
| Median list price | $1.28M |
| Year-over-year price change | -17.2% |
| Average days on market | 29 days |
| Active inventory | 41 listings |
| Sale-to-list price ratio | 99.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 94949 zip code, located in Novato, CA, is currently classified as a balanced market. The median sale price stands at $1.23M, representing a -17.2% change year over year. Homes in this area spend an average of 29 days on the market before going under contract. There are currently 41 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 94949 sits in the Novato, CA area, roughly 2.9 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 94949 specifically — drawn from Redfin transactions, U.S. Census data for its 17,787 residents, and Zillow value estimates.
Homes sold
53
Last 12 weeks
Days on market
29
Average pace
Active listings
41
Sale-to-list
99.7%
Below asking
Market trends
What is driving the 94949 housing market?
The 94949 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 99.7% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 94949 have declined -17.2% 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 94949 stands at $1.24M, which represents Zillow's estimate of the typical home value in the area. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 94949?
Population
17,787
Median income
$120,758/yr
Median age
47.5 years
Owner-occupied
63.1%
College grads
50.7%
Avg commute
26.45 min
What is it like living in 94949?
Zip code 94949 is home to approximately 17,787 residents. The median household income is $120,758 per year, which shapes the types of homes and amenities available in the area. With a median age of 47.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 63.1% 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 50.7% 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 26.45 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 94949.
Which public schools serve ZIP 94949?
4 schools tracked · 1,718 students
The largest public schools serving ZIP code 94949 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.
Hamilton TK-8
Grades K-8 · 522 students
San Jose Middle
Grades 6-8 · 516 students
Loma Verde Elementary
Grades K-5 · 414 students
Novato Charter
Grades K-8 · 266 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 94949
What is the median home price in 94949?
The current median sale price in 94949 is $1.23M, based on recent Redfin transaction data. Prices have changed -17.2% 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 94949 a buyer's or seller's market?
The 94949 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 94949?
Zip code 94949 has a population of approximately 17,787 residents. The median household income is $120,758 per year. About 63.1% 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 94949?
Properties Incorporated provides comprehensive data for 94949 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 94949 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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