Market Intelligence · CA / Novato

Novato, CA 94945 Housing Market

The typical home value in Novato, CA 94945 is $1,063,156, up 0.9% over the past year as of September 2026. Homes are listed at a median price of $1,249,250 and spend a median of 30 days on the market.

Updated September 2026Median value$1063K

The median home value in Novato, CA 94945 is $1.06M as of September 2026, up 0.9% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Licensed pros in 94945.

Primary seat

Peter Joseph Schardt

Lic #01702383 CA

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Typical 94945 range

$978K to $1.15M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.9% over 12 months

Sep 2025$1.05M

Low $1.05MHigh $1.07M

Sep 2026$1.06M

The numbers

What is the 94945 housing market like?

As of September 2026

Typical home value

$1.06M

0.9%YoY

Median list price

$1.25M

6.6%MoM

Days on market

30.2%MoM

Homes for sale

30.0%MoM

Price cuts

9.8%

21.6%MoM

New listings

10.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

94945 housing market forecast 2027

+1.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 94945 to rise 1.4% by September 2027.

Over the 12 months through September 2026, typical home values in 94945 rose 0.9%, per the Zillow Home Value Index.

Will home prices drop in 94945?

Zillow's forecast does not call for a drop: it expects typical home values in 94945 to rise 1.4% by September 2027, after a 0.9% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 94945 home prices compare?

94945$1,063,156
Novato$1,063,156
California$692,765
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Novato: 3 ZIPs; California: 1,543 ZIPs; United States: 26,262 ZIPs).

Context

Home values in Novato, CA 94945 have held steady, rising 0.9% over the past year to a typical value of $1,063,156. As of September 2026, there are 39 homes for sale, with 18 new listings coming on the market. Homes are moving in a median of 30 days, which points to a market that is active but not frantic. Just 9.8% of listings have taken a price cut, so most sellers are holding their asking prices. For a seller, this is a stable market where pricing accurately from the start matters more than testing a high number.

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Down payment20% · $212,631

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Common questions

What people ask us.

How much is a home in 94945 worth?

The typical home value in Novato, CA 94945 is $1,063,156 as of September 2026, up 0.9% over the past year.

How fast are homes selling in 94945?

Homes in 94945 spend a median of 30 days on the market as of September 2026. There are 39 homes for sale, with 18 new listings added.

Are sellers in 94945 cutting prices?

As of September 2026, 9.8% of listings in 94945 have had a price cut. The median list price is $1,249,250.

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Nearby ZIP markets.

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