Novato - Real Estate | Team O'Brien Real Estate

Novato Real Estate Market

April 2026 real estate market report for Novato. The following are key takeaways:

#1. The number of homes sold in April 2026 was 37, up from 29 homes sold in March. #2. The original list price to final sales price ratio hit 100% for the first time in over 10 months, meaning homes on average sold at their original listed price in April. #3. The median price per square foot of sold homes in April was $672, up from $665 in March of 2026. The median price per square foot sold has been trending up since December.

Of the 37 homes that sold in April 2026, 14 received multiple offers. Of the 14 multiple offers, 5 of the homes while receiving multiple offers sold under their list price, one sold at its list price, with the remaining 8 selling over their list price. The market shows itself to be going back to a sellers market, especially for homes in good shape. 5 of these sales occurred off market. One of these off market sales received 6 offers, which is unusual. We also notably saw the number of offers for each property increase significantly, from what had been one to two offers most commonly occurring, with one receiving 7 offers, three 6 offers, two 4 offers and two more 3 offers.

These numbers can change, as agents will report sales late or adjust information. These numbers were pulled on May 4th.

Please see the below grapph for reference.