Is Napa, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Napa is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Napa was a Seller's Market.

Key Takeaway

Napa is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Napa, CA

How much do homes in Napa, CA cost?

Median Sold Price

$895,708

$578/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,208(+3.3%)

Key Takeaway

Homes in Napa have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Napa was $895,708 in October 2024, up 3.3% from last year, and the median price per square foot was $578.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $515K$430K
-16.5%
2 $685K$706K
+3.1%
3 $850K$850K
0.0%
4 $1.1M$1.2M
+10.0%
5+ $1.7M$1.5M
-15.8%

Summary: Napa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.5%, 2 bedroom homes increased by 3.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 15.8%.

Housing Supply in Napa, CA

How many homes are available in Napa, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
344361+4.9%

Summary: The Napa real estate market had 361 homes for sale in October 2024, a 4.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 710
+42.9%
2 6574
+13.8%
3 124118
-4.8%
4 99108
+9.1%
5+ 4951
+4.1%

Summary: The Napa housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 13.8%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 4.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5453-1.9%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Napa, you may be able to get a good deal. 67.9% of homes here sold below asking price last month.

Summary: A total of 53 homes were sold or pending in Napa in October 2024, down by 1.9% month-over-month. Of the 53 sold homes, 68% were sold under asking, 11% were sold at asking, and 21% 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

Oct 2023Oct 2024CHANGE
91 Days18 Days-80.2%

Summary: Homes in Napa had an average of 18 days on market in Oct 2024, down by 80.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Napa are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 53 homes were sold in Napa; 2% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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