Is Napa, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Napa has remained a Seller's Market.
Housing Prices in Napa, CA
How much do homes in Napa, CA cost?
Median Sold Price
$888,510
$589/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Napa was $888,510 in May 2024, up 1.4% from last year, and the median price per square foot was $589.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $599.9K | $420K | -30.0% |
2 Bedrooms | $652.5K | $700K | +7.3% |
3 Bedrooms | $859.6K | $850K | -1.1% |
4 Bedrooms | $1.1M | $1.2M | +15.6% |
5+ Bedrooms | $1.7M | $1.8M | +1.7% |
Summary: Napa housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30%, 2 bedroom homes increased by 7.3%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 1.7%.
Housing Supply in Napa, CA
How many homes are available in Napa, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
288 | 315 | +9.4% |
Summary: The Napa real estate market had 315 homes for sale in May 2024, a 9.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 58 | 54 | -6.9% |
3 Bedrooms | 117 | 126 | +7.7% |
4 Bedrooms | 70 | 87 | +24.3% |
5+ Bedrooms | 36 | 42 | +16.7% |
Summary: The Napa housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 24.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
71 | 61 | -14.1% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 61 homes were sold or pending in Napa in May 2024, down by 14.1% month-over-month. Of the 61 sold homes, 46% were sold under asking, 20% were sold at asking, and 34% were sold over asking.
Days on Market for Napa, CA
How long does it take to sell a home in Napa, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 113 Days | +774.4% |
Summary: Homes in Napa had an average of 113 days on market in May 2024, up by 774.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 61 homes were sold in Napa; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.