Christine Christiansen's Market Report
Novato, CA 94945
Single-Family Homes
Engel & Voelkers | www.christinechristiansen.com | christine.christiansen@evrealestate.com
Novato, CA 94945
Fri Apr 19 2024
This week the median list price for Novato, CA 94945 is $1,295,000 with the market action index hovering around 61. This is about the same as last month's market action index of 61. Inventory has increased to 13.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Real-Time Market Profile
| Median List Price | $1,295,000 | |
| Median Price of New Listings | $1,195,000 | |
| Per Square Foot | $649 | |
| Average Days on Market | 17 | |
| Median Days on Market | 7 | |
| Price Decreased | 8% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 13 | |
| Median Rent | ||
| Market Action | 61 | |
| Strong Seller's Market | ||
Click for more charts
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 |
|---|---|---|---|---|---|---|---|---|
| $1,819,000 | 3,275 | 0.25 - 0.5 acre | 4 | 3.5 | 32 | 1 | 0 | 7 |
| $1,595,000 | 2,642 | 0.5 - 1 acre | 4 | 3 | 45 | 1 | 0 | 21 |
| $1,250,000 | 1,848 | 6,500 - 8,000 sqft | 3 | 2.5 | 56 | 0 | 1 | 7 |
| $863,500 | 1,134 | 6,500 - 8,000 sqft | 3 | 2 | 63 | 3 | 0 | 0 |