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
$1,150,000
$768/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 $1,150,000 in May 2024, up 5% from last year, and the median price per square foot was $768.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $500K | $640K | +28.0% |
2 Bedrooms | $840.7K | $950K | +13.0% |
3 Bedrooms | $1.1M | $1.2M | +4.3% |
4 Bedrooms | $1.3M | $1.4M | +9.4% |
5+ Bedrooms | $1.7M | $1.8M | +5.7% |
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 28%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Neighborhoods
Commodore | $1.2M | $1.4M | +14.5% |
North Valley | $1.0M | $1.1M | +5.0% |
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 |
---|---|---|
104 | 104 | 0.0% |
Summary: The North Valley real estate market had 104 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 23 | 24 | +4.3% |
3 Bedrooms | 50 | 55 | +10.0% |
4 Bedrooms | 26 | 22 | -15.4% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The North Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 40 | -21.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in North Valley in May 2024, down by 21.6% month-over-month. Of the 39 sold homes, 8% were sold under asking, 5% were sold at asking, and 87% 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 |
---|---|---|
17 Days | 12 Days | -28.5% |
Summary: Homes in North Valley had an average of 12 days on market in May 2024, down by 28.5% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 40 homes were sold in North Valley; 93% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.