There are currently 19,278 real estate properties in Novato, CA, with a median automated valuation model (AVM) price of $1,097,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Novato, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Novato, CA, is $1,169,182.00, with the most expensive house in Novato, CA, topping out at $17,219,000.00 and the cheapest home in Novato, CA, clocking in at $99,000.00. In other words, there’s something for every potential homebuyer or savvy investor 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 $3,227.00. 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 $3,070.00. 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.
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