Chelsea E. Ialeggio's Report

Novato, CA

Single-Family Homes

ChelseaInMarin@gmail.com | ChelseaInMarin.com



Novato, CA

Wed May 27 2020
This week the median list price for Novato, CA is $1,195,000 with the market action index hovering around 48. This is less than last month's market action index of 50. Inventory has held steady at or around 65. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 May 27 2020
This week the median list price for Novato, CA is $1,195,000 with the market action index hovering around 48. This is less than last month's market action index of 50. Inventory has held steady at or around 65. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $1,195,000
Per Square Foot $476
Days on Market 70
Price Decreased 29%
Price Increased 2%
Relisted 5%
Inventory 65
Median Rent $4,295
Most Expensive $3,125,000
Least Expensive $599,000
Market Action 48
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
$1,737,500 3,502 0.5 - 1 acre 4 3 35 4 2 94
$1,399,500 3,444 0.25 - 0.5 acre 4 3 32 2 1 82
$1,100,000 2,372 8,000 - 10,000 sqft 4 3 33 5 3 48
$840,000 1,494 8,000 - 10,000 sqft 3 2 58 2 4 53