25 YEARS OF NOVATO HOUSE VALUES
A look at the numbers:
Since 2000 median home prices in Novato have increased 178%
Since 2005, the former peak in prices, home prices in Novato have increased 56%
Since 2011, the bottom of the market, home prices in Novato have increased 131%
Median prices decreased to $1,250,000 in 2025
Median prices have been between $1.2M and $1.3M for the last 5 years. From a longer-term perspective the market has been relatively flat.
2025 year in review
The highest prices of 2025 were achieved between March and June, which is seasonally typical. Inventory was close to historic lows. Both Sellers and Buyers perceived it as a tough year and the net result was fewer sales than normal.
All in all, 385 houses sold in Novato in 2025, which is well below the historical norm of almost 500. A big change from 2022 when 475 houses sold, and a huge change from 2021 when 633 houses sold.
With interest rates likely staying higher, the most likely scenario, baring a major macroeconomic shift is fairly steady prices and a slight increase in inventory and transaction volume - not very exciting, but we like to keep it real, even when it doesn't make for dramatic headlines.