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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Napa County is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Napa County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Napa County, CA

How much do homes in Napa County, CA cost?

Median Sold Price

$898,875

$574/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$42,241(+4.9%)

Key Takeaway

Homes in Napa County have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Napa County was $898,875 in October 2024, up 4.9% from last year, and the median price per square foot was $574.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $622.6K$503K
-19.2%
2 $715K$749K
+4.8%
3 $851.3K$857.5K
+0.7%
4 $1.0M$1.1M
+12.2%
5+ $1.5M$1.4M
-10.1%

Summary: Napa County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.2%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 10.1%.

Median Sold Price Compared To Nearby Counties

Napa County
+4.9%
Solano County
+1.0%
Sonoma County
0.0%
Lake County
-2.6%

Housing Supply in Napa County, CA

How many homes are available in Napa County, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
537561+4.5%

Summary: The Napa County real estate market had 561 homes for sale in October 2024, a 4.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 912
+33.3%
2 99109
+10.1%
3 196194
-1.0%
4 145154
+6.2%
5+ 8892
+4.5%

Summary: The Napa County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 10.1%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 4.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
7576+1.3%

Asking Price vs. Sold Price

52 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Napa County, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.

Summary: A total of 76 homes were sold or pending in Napa County in October 2024, up by 1.3% month-over-month. Of the 76 sold homes, 68% were sold under asking, 13% were sold at asking, and 18% were sold over asking.

Days on Market for Napa County, CA

How long does it take to sell a home in Napa County, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
62 Days20 Days-67.5%

Summary: Homes in Napa County had an average of 20 days on market in Oct 2024, down by 67.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 76 homes were sold in Napa County; 5% of homes were sold within 30 days, 3% 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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