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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Napa is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Napa has remained a Seller's Market.

Key Takeaway

Napa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Napa, CA

How much do homes in Napa, CA cost?

Median Sold Price

$900,400

$582/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$33,885(+3.9%)

Key Takeaway

Homes in Napa have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Napa was $900,400 in December 2024, up 3.9% from last year, and the median price per square foot was $582.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $422.5K$530K
+25.4%
2 $691K$715K
+3.5%
3 $839.3K$865K
+3.1%
4 $1.1M$1.1M
+3.7%
5+ $1.8M$1.6M
-7.4%

Summary: Napa housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.4%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 7.4%.

Housing Supply in Napa, CA

How many homes are available in Napa, CA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
272264-2.9%

Summary: The Napa real estate market had 264 homes for sale in December 2024, a 2.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 1010
0.0%
2 4849
+2.1%
3 9490
-4.3%
4 8680
-7.0%
5+ 3435
+2.9%

Summary: The Napa housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 2.9%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
4355+27.9%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer71%16%13%

Key Takeaway

If you're buying a home in Napa, you may be able to get a good deal. 70.9% of homes here sold below asking price last month.

Summary: A total of 55 homes were sold or pending in Napa in December 2024, up by 27.9% month-over-month. Of the 55 sold homes, 71% were sold under asking, 13% were sold at asking, and 16% 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

Dec 2023Dec 2024CHANGE
123 Days47 Days-61.5%

Summary: Homes in Napa had an average of 47 days on market in Dec 2024, down by 61.5% 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 Times50%50%

Key Takeaway

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

Summary: During December 2024, 55 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 8 Days Ago

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