The Novato, CA housing market is a balanced market, scoring 44 out of 100 on Pocket Agent Pro’s buyer-to-seller scale, with 171 homes for sale and 3.4 months of supply. Homes in Novato, CA sold for a median of $965,000, down 4.0% from the prior month, or $567 per square foot. The average sale price in Novato, CA was $1,048,000, close to the median. The typical home goes under contract in 49 days, sales close at 100.0% of asking price and 50.0% of homes sell above list. 45.0% of active Novato, CA listings have cut their price at least once, a rough gauge of seller flexibility. Figures cover the 30 days through 2026-10-09 and are based on 53 recorded sales and 171 active listings.
| Property | Bd/SqFt | Sold | Closed |
|---|---|---|---|
| 13 Sutro Ct, Novato | 4/2,308 | $1,585,000 | 2026-10-09 |
| 191 Marin Valley Dr, Novato | 2/1,152 | $370,000 | 2026-10-08 |
| 1259 Royal Oak Ter Apt C, Novato | 2/1,024 | $495,000 | 2026-10-07 |
| 584 Midway Blvd, Novato | 2/1,212 | $900,000 | 2026-10-06 |
| 162 Del Oro Lagoon, Novato | 4/2,626 | $2,500,000 | 2026-10-06 |
| 15 Ravine Way, Novato | 4/4,556 | $2,150,000 | 2026-10-05 |
| 19 Cherry Hill Ln, Novato | 3/1,612 | $860,000 | 2026-10-02 |
| 408 San Andreas Dr, Novato | 4/2,457 | $1,625,000 | 2026-10-02 |
Novato, CA is currently a balanced market, at 44 out of 100 on our buyer-to-seller scale, which blends months of supply, sale-to-list price, days on market and the share of listings with price cuts. There are 3.4 months of supply — under about 3 months typically favors sellers, over about 6 favors buyers.
The median home in Novato, CA sold for $965,000 over the last 30 days. That is down 4.0% from the month before.
The average sale price in Novato, CA was $1,048,000, close to the median. The median ($965,000) is the middle sale, so it better reflects a typical home; the average is the total of all prices divided by the number of sales.
Homes in Novato, CA take a median of 49 days on market to go under contract. Half sell faster than that and half take longer, so a listing sitting well past 49 days is worth a second look on price.
Homes in Novato, CA close at a median of 100.0% of their asking price, and 50.0% sell above list. That ratio is the quickest read on how much room there is to negotiate.
There are 171 homes actively for sale in Novato, CA, about 3.4 months of supply at the current sales pace.