Is North Valley, 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, North Valley has remained a Seller's Market.
Housing Prices in North Valley, CA
How much do homes in North Valley, CA cost?
Median Sold Price
$735,000
$478/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Valley was $735,000 in May 2024, up 0.5% from last year, and the median price per square foot was $478.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $395.7K | $397.5K | 0.4% |
2 Bedrooms | $488.5K | $540K | +10.5% |
3 Bedrooms | $710K | $720K | +1.4% |
4 Bedrooms | $908.5K | $947K | +4.2% |
5+ Bedrooms | $1.0M | $1.0M | +4.7% |
Summary: North Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Neighborhoods
San Luis Rey | $585.5K | $677.5K | +15.7% |
Guajome | $850K | $903.5K | +6.3% |
North Valley | $731.6K | $735K | 0.5% |
Housing Supply in North Valley, CA
How many homes are available in North Valley, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
50 | 41 | -18.0% |
Summary: The North Valley real estate market had 41 homes for sale in May 2024, a 18.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 9 | 7 | -22.2% |
3 Bedrooms | 15 | 13 | -13.3% |
4 Bedrooms | 18 | 14 | -22.2% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The North Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 13 | -31.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in North Valley in May 2024, down by 31.6% month-over-month. Of the 13 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
Days on Market for North Valley, CA
How long does it take to sell a home in North Valley, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 25 Days | +98.8% |
Summary: Homes in North Valley had an average of 25 days on market in May 2024, up by 98.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in North Valley; 85% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.