Market Intelligence · CA / Novato

Novato, CA 94947 Housing Market

The typical home value in Novato 94947 is $1,023,862, up 1.6% over the past year. The median list price stands at $969,500, with homes averaging 40 days on market.

Updated August 2026Median value$1024K

The median home value in Novato, CA 94947 is $1.02M as of August 2026, up 1.6% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 94947 range

$942K to $1.11M

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

+1.6% over 12 months

Typical home value in 94947 over the last 12 months: $1.01M in Jul 2025 to $1.02M in Jul 2026 (+1.6%).

Jul 2025$1.01M

Jul 2026$1.02M

The numbers

What is the 94947 housing market like?

Typical home value

$1.02M

Up1.6%YoY

Median list price

$920K

Down5.1%MoM

Days on market

54

Up35.0%MoM

Homes for sale

44

Down8.3%MoM

Price cuts

13.3%

Up3.0%MoM

New listings

20

Flat0.0%MoM

Sources · Zillow ZHVI (July 2026) / Realtor.com (August 2026) / FRED (August 2026)

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The comparison

How do 94947 home prices compare?

  • 94947$1,023,862
  • Novato$1,080,761
  • California$702,086
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Novato: 3 ZIPs; California: 1,543 ZIPs; United States: 26,266 ZIPs).

Context

Novato 94947 has 48 homes for sale as of July 2026, with 20 new listings coming to market recently. The median asking price is $969,500, and homes are spending a median of 40 days on the market before sale. About 12.9% of active listings have had their price reduced. The combination of steady price appreciation and modest inventory suggests a balanced market, though the rate of price cuts indicates some sellers are adjusting expectations.

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20% · $204,772

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