Christine Christiansen's Market Report

Novato, CA 94945

Single-Family Homes

Engel & Voelkers | www.christinechristiansen.com | christine.christiansen@evrealestate.com



Novato, CA 94945

Fri Mar 29 2024
This week the median list price for Novato, CA 94945 is $1,449,500 with the market action index hovering around 61. This is an increase over last month's market action index of 57. Inventory has decreased to 4. 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

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.

Novato, CA 94945

Fri Mar 29 2024
This week the median list price for Novato, CA 94945 is $1,449,500 with the market action index hovering around 61. This is an increase over last month's market action index of 57. Inventory has decreased to 4. 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

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

Never miss important changes in the Novato market.
Median List Price $1,449,500
Median Price of New Listings $1,549,000
Per Square Foot $579
Average Days on Market 30
Median Days on Market 7
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 4
Median Rent
Market Action 61
Strong Seller's Market

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
$1,675,000 3,317 0.5 - 1 acre 5 3 39 0 1 105
$1,549,000 2,642 0.5 - 1 acre 3 3 47 1 0 0
$1,350,000 2,357 6,500 - 8,000 sqft 4 3 50 0 0 7
$1,250,000 1,670 6,500 - 8,000 sqft 3 2 55 0 2 7