Is Napa, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$882,796
$584/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Napa have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Napa was $882,796 in April 2024, up 3.6% from last year, and the median price per square foot was $584.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $567.3K | $420K | -26.0% |
| 2 Bedrooms | $643.5K | $688K | +6.9% |
| 3 Bedrooms | $850K | $845.5K | -0.5% |
| 4 Bedrooms | $1.0M | $1.2M | +19.0% |
| 5+ Bedrooms | $1.5M | $1.8M | +18.4% |
Summary: Napa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26%, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 18.4%.
Housing Supply in Napa, CA
How many homes are available in Napa, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 236 | 295 | +25.0% |
Summary: The Napa real estate market had 295 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 48 | 59 | +22.9% |
| 3 Bedrooms | 107 | 120 | +12.1% |
| 4 Bedrooms | 52 | 74 | +42.3% |
| 5+ Bedrooms | 21 | 36 | +71.4% |
Summary: The Napa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 22.9%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 42.3%, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 67 | +39.6% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Napa, you may be able to get a good deal. 44.8% of homes here sold below asking price last month.
Summary: A total of 67 homes were sold or pending in Napa in April 2024, up by 39.6% month-over-month. Of the 67 sold homes, 45% were sold under asking, 19% were sold at asking, and 36% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 111 Days | 9 Days | -91.9% |
Summary: Homes in Napa had an average of 9 days on market in Apr 2024, down by 91.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 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 April 2024, 67 homes were sold in Napa; 1% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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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