Southeast Novato, Novato Housing Market · 2026

Data through Mar 2026

Southeast Novato, Novato Market Snapshot

Southeast Novato is shifting toward buyers. Here's where things stand:

Based on 10 homes sold in March 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Enough to see the trend, but individual sales still move the median. Updated weekly.

Data through March 2026

SalesWhat are homes selling for?
Median Sale Price
$1.08M
Down 22.2% from March 2025
Down $307K from March 2025
Homes Sold
10
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$6,771/mo
6.53% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$5,465
  • Property Tax$1,122
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
47 days
35 more days than in March 2025
Buyers have time to decide
Sale-to-List Ratio
99.5%
Down from 100.1% in March 2025
Selling 1% below asking
% Sold Over Asking
30%
30% of homes sold above asking, some competition
Active Listings
24
Up 166.7% 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 Southeast Novato.

Median Sale Price
Down 22.2% year-over-year in Southeast Novato. Based on 10 sales in the most recent month.
Homes Sold
9% fewer homes sold than a year ago in Southeast Novato.
Total Monthly Payment
Estimated monthly cost is down 23% from a year ago in Southeast 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 6.53%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about Southeast Novato, Novato

Is now a good time to buy in Southeast Novato, Novato?

Southeast Novato, Novato currently leans toward buyers. Homes are sitting longer and sellers are more open to negotiation. It is a good time to take your time, request contingencies, and consider offering below asking.

How do Southeast Novato, Novato home prices compare to the Bay Area average?

At $1.08M, Southeast Novato, Novato's median sits about 43% below the Bay Area average of $1.88M. That average is skewed high by ultra-premium peninsula enclaves like Atherton and Woodside, so a more useful frame is that Southeast Novato, Novato is one of the more accessible corners of the Bay Area.

Within Novato, this area trades about 13% below the city-wide median of $1.23M.

By home type:

  • Single-family homes at $1.50M
  • Condos at $535K
  • Townhomes at $835K
What price range should I budget for in Southeast Novato, Novato?

Prices in Southeast Novato, Novato depend heavily on home type and specific neighborhood. Median sale prices by type:

  • Single-family homes at $1.50M
  • Condos at $535K
  • Townhomes at $835K

Individual listings vary widely based on location, size, and condition. The best calibration is to narrow to a few specific neighborhoods you are considering and look at recent sales there.

How competitive is Southeast Novato, Novato for buyers?

Southeast Novato, Novato currently leans toward buyers:

  • Homes sell about 0.5% below asking on average
  • 30% close above list price
  • 47 days typical time to go pending

Buyer strategy: a well-structured offer near or below list price has a good chance of success.

What will my total monthly cost be on a median-priced Southeast Novato, Novato home?

At $1.08M with 20% down at 6.53%, your estimated total monthly cost is approximately $6,771:

  • $5,465 principal and interest
  • $1,122 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.

No noise, just a quick weekly read on what's going on in your market.

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.”
See all reviews on Zillow

Let's Chat!

I read every message and usually reply the same day.

What brings you here?