Chelsea E. Ialeggio's Report

Novato, CA

Single-Family Homes

ChelseaInMarin@gmail.com | ChelseaInMarin.com



Novato, CA

Wed Oct 23 2019
This week the median list price for Novato, CA is $1,075,000 with the market action index hovering around 46. This is an increase over last month's market action index of 44. Inventory has held steady at or around 73. 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 continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Novato, CA

Wed Oct 23 2019
This week the median list price for Novato, CA is $1,075,000 with the market action index hovering around 46. This is an increase over last month's market action index of 44. Inventory has held steady at or around 73. 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 continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Novato market.
Median List Price $1,075,000
Per Square Foot $471
Days on Market 86
Price Decreased 56%
Price Increased 0%
Relisted 16%
Inventory 73
Median House Rent $3,800
Most Expensive $2,675,000
Least Expensive $425,000
Market Action Index
Strong Seller's Market
46

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
$1,770,000 3,782 0.5 - 1 acre 4 4 32 2 2 144
$1,197,000 2,947 0.25 - 0.5 acre 4 3 33 0 3 99
$966,000 2,041 8,000 - 10,000 sqft 4 3 42 0 3 63
$729,000 1,428 8,000 - 10,000 sqft 3 2 63 5 4 36