Is Novato, CA 94948 a buyer’s or seller’s market?
Novato is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Novato housing market right now
In the three months ending August 31, 2026, 100% of homes in Novato, CA 94948 sold above their list price and the typical home went under contract in 9 days. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (72 days then) and the median sale price rose 2% to $1,099,524. Overall, Novato is more competitive than a year ago, so tougher for buyers.
Run the numbers for 94948
Where Novato is
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Questions about Novato real estate
How fast do homes sell in Novato?
The typical home went under contract in 9 days in the latest three months.
Do homes in Novato sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 102.9% of the list price.
What is the median home price in Novato?
The median sale price was $1,099,524 in the three months ending August 31, 2026, about $718 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology