Is Napa, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$888,644
$590/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Napa have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Napa was $888,644 in June 2024, up 1.8% from last year, and the median price per square foot was $590.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $587.4K | $420K | -28.5% |
| 2 Bedrooms | $650K | $720K | +10.8% |
| 3 Bedrooms | $850K | $850K | 0.0% |
| 4 Bedrooms | $1.1M | $1.2M | +15.6% |
| 5+ Bedrooms | $2.1M | $1.8M | -14.3% |
Summary: Napa housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.5%, 2 bedroom homes increased by 10.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes decreased by 14.3%.
Housing Supply in Napa, CA
How many homes are available in Napa, CA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 302 | 315 | +4.3% |
Summary: The Napa real estate market had 315 homes for sale in June 2024, a 4.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 51 | 48 | -5.9% |
| 3 Bedrooms | 125 | 131 | +4.8% |
| 4 Bedrooms | 82 | 85 | +3.7% |
| 5+ Bedrooms | 38 | 45 | +18.4% |
Summary: The Napa housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 18.4%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 65 | 51 | -21.5% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Napa, you may be able to get a good deal. 51% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Napa in June 2024, down by 21.5% month-over-month. Of the 51 sold homes, 51% were sold under asking, 12% were sold at asking, and 37% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 20 Days | 148 Days | +641.0% |
Summary: Homes in Napa had an average of 148 days on market in Jun 2024, up by 641% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Napa are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 51 homes were sold in Napa; 4% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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