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.
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
$888,510
$589/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Napa have sold for 1.4% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Napa, you may be able to get a good deal. 45.9% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Napa are selling fast, if you're buying plan to act quickly.
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.
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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