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 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

+$12,247(+1.4%)

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

# BEDSMay 2023May 2024CHANGE
1 $599.9K$420K
-30.0%
2 $652.5K$700K
+7.3%
3 $859.6K$850K
-1.1%
4 $1.1M$1.2M
+15.6%
5+ $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 2024May 2024CHANGE
288315+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

# BEDSApr 2024May 2024CHANGE
1 76
-14.3%
2 5854
-6.9%
3 117126
+7.7%
4 7087
+24.3%
5+ 3642
+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 2024May 2024CHANGE
7161-14.1%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023May 2024CHANGE
13 Days113 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

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