Novato Housing Market

Novato Market Snapshot

Novato is a balanced market and tilting gently toward buyers. A good environment for thoughtful decisions on both sides:

Based on 36 homes sold in March 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through March 2026

SalesWhat are homes selling for?
Median Sale Price
$1.23M
Up 12.0% from March 2025
Up $133K from March 2025
Homes Sold
36
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$7,570/mo
6.3% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$6,103
  • Property Tax$1,284
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
24 days
3 more days than in March 2025
Homes typically sell within a month
Sale-to-List Ratio
101.0%
Up from 100.6% in March 2025
Selling at or near asking price
% Sold Over Asking
44%
44% of homes sold above asking, some competition
Active Listings
86
Down 2.3% from March 2025
About 2.4 months of supply. Moderate selection available

Market Trends

See how prices, monthly costs, and mortgage rates have moved in Novato.

Median Sale Price
Up 12.0% year-over-year in Novato. Based on 36 sales in the most recent month.
Homes Sold
About the same sales volume as a year ago in Novato.
Total Monthly Payment
Estimated monthly cost is up 9% from a year ago in Novato, reflecting changes in both price and mortgage rates.

Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.

30-Year Fixed Mortgage Rate (National Avg.)
National average currently at 6.3%. Your actual rate depends on your credit, down payment, and loan type.
Melanie Tan
Melanie Tan
DRE #02250755
“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
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