Garrett W. Burdick

Novato, CA

Single-Family Homes

Vanguard Properties



Novato, CA

Thu Sep 16 2021
This week the median list price for Novato, CA is $1,149,000 with the market action index hovering around 82. This is less than last month's market action index of 84. Inventory has increased to 39. Click here to stay informed with the Novato market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Novato, CA

Thu Sep 16 2021
This week the median list price for Novato, CA is $1,149,000 with the market action index hovering around 82. This is less than last month's market action index of 84. Inventory has increased to 39. Click here to stay informed with the Novato market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Novato market.
Median List Price $1,149,000
Median Price of New Listings $992,500
Per Square Foot $547
Average Days on Market 27
Median Days on Market 14
Price Decreased 18%
Price Increased 3%
Relisted 0%
Inventory 39
Median Rent $4,400
Market Action 82
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,695,000 2,757 0.5 - 1 acre 4 3 46 0 3 42
$1,264,500 2,258 0.25 - 0.5 acre 4 2 47 3 3 38
$1,004,500 1,961 8,000 - 10,000 sqft 4 2 56 3 2 7
$894,500 1,774 8,000 - 10,000 sqft 3 2 60 4 2 7