1 / 60
Price cut: $120,888 (4/8)
3D TOUR
$1,549,000FOR SALE
4 beds · 4 baths · 3,076 sqft
Excel Realty
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4 homes in 94947
Homes for Sale in 94947
Novato, CA
612 Canyon Rd, Novato, CA 94947
1 / 35
Price cut: $55,500 (6/10)
$459,500FOR SALE
2 beds · 1 baths · 1,020 sqft
Epique Realty
1 / 20
$950,000FOR SALE
3 beds · 2 baths · 1,163 sqft
PCH REALTORS®
1 / 20
Price cut: $75,000 (8/9)
$975,000FOR SALE
3 beds · 2 baths · 1,842 sqft
Realty One Group Elite
About 94947 Real Estate
About Novato: The 94947 ZIP code is in Novato, CA. Novato is a city in Marin County, California, United States, situated in the North Bay region of the San Francisco Bay Area. At the 2020 census, Novato had a population of 53,225.
Today, the 94947 area has 4 homes for sale with a median listing price of $975K. The average price per square foot is $575.
94947 Area Market Pulse
Topfind Market Read
Buyers hold the edge right now. The typical home takes about 97 days to sell, and 75% of current listings have been up for more than 30 days. At the same time, supply sits at 4.0 months, roughly in step with demand, which keeps well-priced homes moving. Buyers are firmly in control and can negotiate hard, while sellers need sharp pricing to draw attention.
Buyer leverageBalancedSeller leverage
Median Home Price
$975K
Chart shows the median closed sale price by month
$2.8M$2.1M$1.4M$657K
Sep 25
Feb 26
Months of Supply
Estimated time to sell all listings at the current sales pace
4.0 months of supply
Balanced Supply4 active listings currently on the market.
Tight (<3 mo)
Balanced (3 to 6 mo)
Ample (6+ mo)
4.0
0369+
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~97 days.
● Tight: strong demand● Balanced: steady pace● Ample: more choice
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs.
● <30d: Fast● 30-45d: Steady● 45d+: Slower
Inventory Distribution
A larger share of listings has been up beyond 30 days, which typically means more room to negotiate on those longer-listed homes.
New
Active
Aging
Stale
Under 30 days → competitive, act quicklyOver 60 days → potential negotiation opportunities
Housing Tenure in 94947 Area
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
HomeownersRenters
66%
Homeowners
34%
Renters
Homeownership is 10.5 points higher than the California average (55.5%)
Higher ownership rates often reflect more stable neighborhoods and longer-term residents.
20,431 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
2 Bed$460K
3 Bed$963K
4 Bed$1.5M
Each additional bedroom adds about $545K in value on average.
Price Reductions
3
3 listings have reduced their price
75% of active listings
Average reduction: 8.4% (~$82K)
A sizable share of sellers have trimmed their asking price. Those listings are the clearest place to negotiate.
Explore Nearby Cities
Browse homes for sale in cities near Novato
Frequently Asked Questions about Homes for Sale in 94947, CA
How many homes are for sale in 94947, CA?
There are currently 4 homes for sale in 94947, ranging from $459,500 to $1,549,000.
What is the median home price in 94947?
The median list price in 94947 is $975,000. Price per square foot averages $575.
How fast do homes sell in 94947?
Homes in 94947 currently average 97 days on the market, a slower pace that gives buyers more time to evaluate and negotiate.
Looking for a home in 94947?
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