Southeast Novato, Novato Housing Market · 2026

Data through May 2026

Southeast Novato, Novato Market Snapshot

Southeast Novato leans toward buyers, though competition has been picking up recently. Here's where things stand:

Based on 20 homes sold in May 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through May 2026

SalesWhat are homes selling for?
Median Sale Price
$1.06M
Down 23.6% from May 2025
Down $329K from May 2025
Homes Sold
20
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$6,651/mo
6.49% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$5,362
  • Property Tax$1,106
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
38.5 days
22 more days than in May 2025
Buyers have time to decide
Sale-to-List Ratio
99.9%
Up from 99.3% in May 2025
Selling at or near asking price
% Sold Over Asking
30%
30% of homes sold above asking, some competition
Active Listings
24
Up 84.6% from May 2025
About 1.2 months of supply. Very low, limited options for buyers

Market Trends

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

Median Sale Price
Down 23.6% year-over-year in Southeast Novato. Based on 20 sales in the most recent month.
Homes Sold
11% more homes sold than a year ago in Southeast Novato.
Total Monthly Payment
Estimated monthly cost is down 25% 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 6.49%. 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 leans toward buyers, though competition has been picking up recently. Buyers still have leverage to negotiate, but the window may be narrowing.

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

At $1.06M, Southeast Novato, Novato's median sits about 43% below the Bay Area average of $1.85M. 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.

This is close to the Novato city-wide median of $1.02M.

By home type:

  • Single-family homes at $1.46M
  • Condos at $493K
  • Townhomes at $850K
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 $1.46M
  • Condos at $493K
  • Townhomes at $850K

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 0.1% below asking on average
  • 30% close above list price
  • 38.5 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 $1.06M with 20% down at 6.49%, your estimated total monthly cost is approximately $6,651:

  • $5,362 principal and interest
  • $1,106 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.”
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