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Central Crossroads-Cheda Knolls (Crossroads/Cheda Knolls) Domingo Canyon Historic Novato (Old Town) Ignacio Indian Valley Lynwood Marin Highlands Midwest Miwook (Simmons) Northwest Novato Heights (The Hill) Pleasant Valley Rafael VIllage Southwest Sunset West Wild Horse Valley Woodland Heights

NOVATO, CA 94947

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 94947

Central · Crossroads-Cheda Knolls (Crossroads/Cheda Knolls) · Domingo Canyon · Historic Novato (Old Town) · Ignacio · Indian Valley · Lynwood · Marin Highlands · Midwest · Miwook (Simmons) · Northwest · Novato Heights (The Hill) · Pleasant Valley · Rafael VIllage · Southwest · Sunset · West · Wild Horse Valley · Woodland Heights

Market Analysis

Data as of February 2026. Source: Realtor.com.

The NOVATO, CA real estate market (94947) currently shows 36 active listings, with 14 pending sales. Homes are averaging 24 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 24 days on market compared to 25 days last year.

The median listing price has risen 29% year-over-year, from $928,250 to $1,197,500.

Whether you are buying or selling in NOVATO, CA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 25,183  ·  Density: 443.3/mi²  ·  Median household income: $121,338

Typical home value: $916,921  ·  Homeownership: 74.0%

Market Overview

Active Listings
36
⇧ 5.9% vs 34 last year
Pending
14
39% pending ratio
Median Price
$1,197,500
⇧ 29% vs $928,250 last year
Average Price
$1,246,089
⇧ 18.5% vs $1,051,980 last year
Days on Market
24
⇩ 4% vs 25 days last year

Price Per Square Foot

Median $/sqft
$558
⇧ 1.8% vs $548/sqft last year
Median Home Size
1,683 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 36 this year vs 34 last year
  • Days on market: 24 now vs 25 last year

Median & Average Pricing

Year over Year
  • Median: $1,197,500 (+29% YoY)
  • Average: $1,246,089 (+18.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.6 miles — 150 listings ($232,245,244 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
94947Novato, CA 949470.0 mi21$27,015,555$1,198,000$1,286,455
94945Novato, CA 949454.2 mi13$15,977,962$1,063,000$1,229,074
94933Forest Knolls, CA 949337.0 mi1$918,000$918,000$918,000
94963San Geronimo, CA 949637.2 mi1$995,000$995,000$995,000
94960San Anselmo, CA 949608.1 mi12$22,648,500$1,447,000$1,887,375
94954Petaluma, CA 9495410.2 mi33$67,265,913$895,000$2,038,361
94956Point Reyes Station, CA 9495610.7 mi4$6,150,000$1,492,500$1,537,500
94952Petaluma, CA 9495211.2 mi33$49,225,671$1,287,500$1,491,687
94924Bolinas, CA 9492412.0 mi5$11,085,000$1,995,000$2,217,000
94939Larkspur, CA 9493912.8 mi2$1,750,000$875,000$875,000
94940Marshall, CA 9494013.3 mi1$3,600,000$3,600,000$3,600,000
94925Corte Madera, CA 9492514.1 mi9$9,429,003$1,058,500$1,047,667
94931Cotati, CA 9493115.6 mi15$16,184,640$1,122,500$1,078,976

Frequently Asked Questions

How many homes are for sale in NOVATO, CA 94947?

As of February 2026, there are 36 active listings in NOVATO, CA (zip code 94947), compared to 34 the prior year.

What is the median home price in NOVATO, CA 94947?

The median listing price in NOVATO, CA 94947 is $1,197,500 as of February 2026, a 29% increase from $928,250 the prior year.

How long do homes stay on the market in NOVATO, CA?

Homes in NOVATO, CA 94947 spend an average of 24 days on the market before going under contract, compared to 25 days the prior year.

Is it a seller's or buyer's market in NOVATO, CA 94947?

Based on current inventory and days-on-market data as of February 2026, NOVATO, CA 94947 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 24 days on market compared to 25 days last year.

How much can I save on real estate commission in NOVATO, CA?

With SELL123.com's maximum 3% commission, sellers in NOVATO, CA 94947 save an estimated $23,950 compared to a typical 5% commission on the median listing price of $1,197,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.