The Southwest Novato housing market is somewhat competitive. The median sale price of a home in Southwest Novato was $1.0M last month, down 24.5% since last year. The median sale price per square foot in Southwest Novato is $602, down 19.4% since last year.
What is the housing market like in Southwest Novato today?
In February 2025, Southwest Novato home prices were down 24.5% compared to last year, selling for a median price of $1.0M. On average, homes in Southwest Novato sell after 45 days on the market compared to 29 days last year. There were 25 homes sold in February this year, up from 15 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,000,000
-24.5% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Southwest Novato, CA
$1,000,000
-24.5%
United States
To compare other locations to the Southwest Novato and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Novato add value to a home.
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How hot is the Southwest Novato housing market?
Southwest Novato is somewhat competitive. Homes sell in 40 days.
0
100
69
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% above list price and go pending in around 40 days.
Hot homes
can sell for about 4% above list price and go pending in around 18 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Southwest Novato housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Southwest Novato.
Flood Factor - Moderate
35% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Southwest Novato has a moderate risk of flooding. 805 properties in Southwest Novato are likely to be
severely affected
by flooding over the next 30 years. This represents 35% of all properties in Southwest Novato. Flood risk is increasing slower than the national average.
100% of properties are at risk of wildfire over the next 30 years
Fire Factor
Southwest Novato has a major risk of wildfire. There are 3,048 properties in Southwest Novato that have some risk of being affected by wildfire over the next 30 years. This represents 100% of all properties in Southwest Novato.
Southwest Novato has minimal risk of severe winds over the next 30 years
Wind Factor
Southwest Novato has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
97% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Southwest Novato has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 97% of homes in Southwest Novato have a Moderate Heat Factor®.
Southwest Novato is expected to see a 114% increase in the number of days over 89ºF over the next 30 years. Southwest Novato is expected to experience 5