Novato Housing Market Report – July 2026
Here's a look at how the Novato, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 65
- Median Sale Price: $1,195,000
- Average Sale Price: $1,217,365
- Average Price Per Sq Ft: $602
- Average Days on Market: 66
- Sale-to-List Price Ratio: 99.4%
Month-Over-Month Trends
Compared to June, the median sale price in Novato moved 6.2% up (from $1,125,000 to $1,195,000). The number of homes sold was 15.6% down compared to the prior month (77 vs. 65). Average days on market shifted 17.9% up (56 days to 66 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 25.8% up (from $950,000 to $1,195,000). Sales volume is 32.7% up year-over-year.
What This Means
Novato's housing market is showing resilience despite some seasonal headwinds in July. While sales volume dipped 15.6% from June, this pullback appears typical for summer months when buyer activity naturally softens. More tellingly, the median price climbed 6.2% month-over-month to $1,195,000, continuing a robust year-over-year trajectory of 25.8% growth since last July. Buyers are still paying 99.4% of asking prices, suggesting sustained demand even as inventory edges up to 206 active listings.
The extended days-on-market trend warrants attention, however. Homes are lingering about 10 days longer than they did a month ago, which could signal a subtle shift toward a more balanced market as supply gradually increases. While this isn't alarming, it does suggest the scorching seller's market of early 2026 is moderating. The 206 active listings represent breathing room compared to earlier months, though homes are still moving relatively quickly at 66 days average.
Overall, Novato remains a sellers' market with strong price momentum, but not the frenzy we saw earlier this year. Single-family homes continue to dominate the mix, and the $602 per square foot average reflects North Bay's premium positioning within the Bay Area.
Novato Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94945 | 24 | $1,042,500 | $581 | 60 |
| 94949 | 24 | $1,204,375 | $583 | 63 |
| 94947 | 17 | $1,267,500 | $660 | 80 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 49 | $1,300,000 | $679 |
| MOBILE | 6 | $283,500 | $187 |
| TOWNHOMES | 5 | $600,000 | $421 |
| CONDOS | 4 | $590,000 | $504 |
| MULTI_FAMILY | 1 | $1,350,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 1 |
| $100K - $199K | 1 |
| $200K - $299K | 1 |
| $300K - $399K | 3 |
| $400K - $499K | 2 |
| $500K - $749K | 8 |
| $750K+ | 49 |
Current Active Listings
As of this report, there are 206 active listings in Novato with a median asking price of $1,012,000 and an average of 60 days on market.
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