Foreclosures in Novato, CA 94947

Current Market Conditions in Novato, CA

The real estate market in Novato has been steadily improving, with a noticeable increase in the number of home sales and rising property values. The desirability of the area due to its schools, parks, and accessibility to the Bay Area has attracted more buyers, resulting in competition for available homes.

Currently, homes in Novato are often selling at or above list price with an average time on the market being shorter than in previous years. This trend indicates a strong demand, and as more families looking for a suburban lifestyle consider Novato, the market is expected to remain robust.

Rent Prices In Novato, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Novato, CA, is on a rollercoaster ride. The average rent price in Novato, CA, is $3,209.00. Indeed, when looking to rent in Novato, CA, you can expect to pay as little as $1,280.00 or as much as $8,020.00, with the average rent median estimated to be $3,060.00. The good news is that finding an affordable and desirable property to rent in Novato, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.