Market Intelligence · CA / Novato

Novato, CA 94947 Housing Market

The typical home in Novato's 94947 ZIP code is worth $1,012,808, up 3.0% over the past year as of September 2026. The median list price is $885,000, and homes spend a median of 53 days on the market.

Updated September 2026Median value$1013K

The median home value in Novato, CA 94947 is $1.01M as of September 2026, up 3.0% 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 94947.

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Peter Joseph Schardt

Lic #01702383 CA

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Typical 94947 range

$932K to $1.09M

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

+3.0% over 12 months

Sep 2025$983K

Low $983KHigh $1.01M

Sep 2026$1.01M

The numbers

What is the 94947 housing market like?

As of September 2026

Typical home value

$1.01M

3.0%YoY

Median list price

$885K

3.8%MoM

Days on market

1.9%MoM

Homes for sale

2.3%MoM

Price cuts

24.0%

80.1%MoM

New listings

30.0%MoM

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

The outlook

94947 housing market forecast 2027

+1.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 94947 to rise 1.7% by September 2027.

Over the 12 months through September 2026, typical home values in 94947 rose 3.0%, per the Zillow Home Value Index.

Will home prices drop in 94947?

Zillow's forecast does not call for a drop: it expects typical home values in 94947 to rise 1.7% by September 2027, after a 3.0% 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 94947 home prices compare?

94947$1,012,808
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

As of September 2026, Novato's 94947 ZIP had 43 homes for sale, with 26 new listings coming to market during the period. The median list price sits at $885,000, while the typical home value is $1,012,808, up 3.0% over the past year. Homes take a median of 53 days to sell, and 24.0% of active listings have taken a price cut. That cut share suggests some sellers are aiming higher than buyers will pay. For a seller, the takeaway is that pricing close to what the market supports matters more than testing the top of the range.

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Common questions

What people ask us.

How much is a home in 94947 worth?

The typical home in Novato's 94947 ZIP code is worth $1,012,808, up 3.0% over the past year as of September 2026.

How long does it take to sell a home in 94947?

Homes in 94947 spend a median of 53 days on the market as of September 2026.

Are sellers in 94947 cutting their asking prices?

Yes. As of September 2026, 24.0% of listings in 94947 had a price cut.

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