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$699,000FOR SALE
3 beds · 3 baths · 1,588 sqft
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2 homes in 94949
Homes for Sale in 94949
Novato, CA
12 Madrid Ct, Novato, CA 94949
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Price cut: $49,950 (7/22)
$950,000FOR SALE
3 beds · 2 baths · 1,472 sqft
Vetted Real Estate
About 94949 Real Estate
About Novato: The 94949 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 94949 area has 2 homes for sale with a median listing price of $950K. The average price per square foot is $543.
94949 Area Market Pulse
Topfind Market Read
Sellers hold the edge right now. There is only 2.0 months of supply, and the typical home sells in about 27 days. At the same time, 50% of sellers have trimmed their asking price, so the market is not running away from buyers. Sellers have the stronger hand, though prepared buyers can still negotiate on the right home.
Buyer leverageBalancedSeller leverage
Median Home Price
$950K
Historical data not yet available
Months of Supply
Estimated time to sell all listings at the current sales pace
2.0 months of supply
Tight Supply2 active listings against the current sales pace works out to about 2.0 months of supply.
Tight (<3 mo)
Balanced (3 to 6 mo)
Ample (6+ mo)
2.0
0369+
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~27 days.
● Tight: strong demand● Balanced: steady pace● Ample: more choice
Sales Velocity
How fast homes are selling
Homes are selling quickly, which gives sellers leverage, though prepared buyers can still compete.
● <30d: Fast● 30-45d: Steady● 45d+: Slower
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
New
Active
Aging
Stale
About 50% of current listings are under 30 days old, while the rest have been up longer.
Under 30 days → competitive, act quicklyOver 60 days → potential negotiation opportunities
Housing Tenure in 94949 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)
Price Reductions
1
1 listings have reduced their price
50% of active listings
Average reduction: 5.0% (~$48K)
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 94949, CA
How many homes are for sale in 94949, CA?
There are currently 2 homes for sale in 94949, ranging from $699,000 to $950,000.
What is the median home price in 94949?
The median list price in 94949 is $950,000. Price per square foot averages $543.
How fast do homes sell in 94949?
Homes in 94949 currently average 27 days on the market, a brisk pace where attractive homes are gone within a month.
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