Napa County Market Report for February 2025
The tail end of the winter months has brought some interesting trends to the Napa County Real Estate Market. Let’s explore below:
Key Market Stats
- Median Home Price: $1.02M (+15.4% Year over Year)
- Home values are on the rise. Several new construction projects recently finished in the area, creating demand for turn-key, move-in ready homes.
- Active Listings: 320
- These 320 listings cover a wide range of options. From first time home-buyer and fixer uppers, to multi-million dollar vineyard estates.
- Homes Sold: 44 (-15% YoY)
- Many homebuyers have locked in low mortgage rates, creating less drive to sell. Also, many buyers are waiting to see if rates will go back down. Many experts believe rates have stagnated at the 5%-6%. Average Days on Market: 100
- Median Days on Market: 100 Days
- The seller’s market is cooling and favoring buyers who are realizing the potential of this market situation.
So what does this mean?
- Sellers: Strategic pricing is key! With homes sitting longer, the right marketing and pricing approach can help attract serious buyers.
- Buyers: More inventory means more options and less competition, but don’t wait too long—if prices keep climbing, today’s homes may look like a bargain in hindsight!
The market is always evolving, and local expertise makes all the difference. What are your thoughts on these trends?
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