Home ValuePros

Market Intelligence · CA / Novato

Novato, CA 94949 Housing Market

Typical home values in Novato, CA 94949 reached $1,200,399 as of August 2026, up 1.3% over the past year. The median list price stands at $1,036,750, with homes taking a median of 30 days on market.

Updated September 2026Median value$1208K

The median home value in Novato, CA 94949 is $1.21M as of September 2026, up 1.4% 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 94949 range

$1.11M to $1.3M

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

+1.4% over 12 months

Typical home value in 94949 over the last 12 months: $1.19M in Sep 2025 to $1.21M in Sep 2026 (+1.4%).

Sep 2025$1.19M

Sep 2026$1.21M

The numbers

What is the 94949 housing market like?

Typical home value

$1.21M

Up1.4%YoY

Median list price

$1.04M

Down5.7%MoM

Days on market

30

Down42.3%MoM

Homes for sale

40

Up25.0%MoM

Price cuts

22.5%

Up94.4%MoM

New listings

20

Flat0.0%MoM

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

The outlook

94949 housing market forecast 2027

+1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 94949 to rise 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 94949 rose 1.4%, per the Zillow Home Value Index.

Will home prices drop in 94949?

Zillow's forecast does not call for a drop: it expects typical home values in 94949 to rise 1.5% by September 2027, after a 1.4% 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 94949 home prices compare?

  • 94949$1,207,546
  • 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

The 94949 ZIP code has 40 homes for sale as of September 2026, with 20 new listings entering the market recently. At a median of 30 days on market, homes are moving at a moderate pace. Price cuts appear on 22.5% of listings, suggesting some sellers are adjusting expectations. While the typical home value has gained ground year-over-year, the presence of price reductions and steady listing inventory indicates a market where buyers have reasonable negotiating room.

Monthly payment

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20% · $241,509

Common questions

What people ask us.

What is the typical home value in Novato, CA 94949?

As of August 2026, the typical home value is $1,200,399, up 1.3% over the past year.

How many homes are currently for sale in 94949?

There are 40 homes for sale as of September 2026, with 20 new listings recently added.

How long do homes typically stay on market in this area?

The median days on market is 30 as of September 2026.

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