Garrett W. Burdick

Novato, CA

Single-Family Homes

Vanguard Properties



Novato, CA

Wed Jul 06 2022
This week the median list price for Novato, CA is $1,249,500 with the market action index hovering around 89. This is less than last month's market action index of 96. Inventory has increased to 42. 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 started cooling and prices have recently plateaued. Since 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

Wed Jul 06 2022
This week the median list price for Novato, CA is $1,249,500 with the market action index hovering around 89. This is less than last month's market action index of 96. Inventory has increased to 42. 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 started cooling and prices have recently plateaued. Since 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 $1,249,500
Median Price of New Listings $1,122,500
Per Square Foot $664
Average Days on Market 14
Median Days on Market 7
Price Decreased 24%
Price Increased 0%
Relisted 2%
Inventory 42
Median Rent
Market Action 89
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
$2,024,000 2,968 0.5 - 1 acre 4 3.3 34 3 3 10
$1,385,000 2,102 0.25 - 0.5 acre 4 2.5 50 2 1 14
$1,185,000 1,804 8,000 - 10,000 sqft 3 2 59 2 2 7
$950,000 1,306 6,500 - 8,000 sqft 3 2 64 5 2 7