North Bay Housing Update - February 2026
Ascend RE February 20, 2026
Ascend RE February 20, 2026
The Local Lowdown
Median sale prices surged in Marin and Napa Counties, with single-family homes up 19.86% and 18.75% year-over-year, respectively, while Sonoma and Solano Counties saw slight declines.
Inventory levels have collapsed across the North Bay, with single-family home inventory down 45.19% and condo inventory down 36.60% on a year-over-year basis.
Listings are spending considerably more time on the market, with single-family homes in Sonoma County sitting 44.44% longer than they did last January.
Marin and Napa lead a strong start to 2026
January delivered strong momentum for the North Bay single-family market, especially in Marin and Napa Counties
Single-Family Homes:
Marin County: Median price $1,750,000, up 19.86% year-over-year
Napa County: Median price $1,045,000, up 18.75% year-over-year
Sonoma County: Down 2.26% year-over-year
Solano County: Essentially flat, down 0.13% year-over-year
Condominiums:
Sonoma County: Up 10.71% year-over-year
Napa County: Up 13.90% year-over-year
Marin County: Up 4.98% year-over-year
Solano County: Down 37.34% year-over-year
Performance across the North Bay remains uneven, with strong gains in select counties and continued volatility in others
Inventory has reached critically low levels
The inventory crunch that began late last year has intensified significantly
Single-Family Homes:
1,494 homes currently on the market
Down 45.19% year-over-year
New listings up 70.50% month-over-month
Still down 43.76% year-over-year
Condominiums:
220 units currently available
Down 36.60% year-over-year
New listings up 102.33% month-over-month
Still down 38.30% year-over-year
Despite a seasonal pickup in new listings, overall supply remains far below last year’s levels
Limited inventory continues to create strong competition among buyers
Patience is a virtue for today's buyers
Despite tight inventory, buyers are moving more cautiously in many North Bay markets
Single-Family Homes:
Sonoma County: 65 days on market, up 44.44% year-over-year
Marin County: 61 days on market, up 1.67% year-over-year
Solano County: 51 days on market, up 4.08% year-over-year
Napa County: 62 days on market, down 1.59% year-over-year (slightly faster than last year)
Condominiums:
Sonoma County: Days on market up 44.68% year-over-year
Solano County: Days on market up 47.37% year-over-year
Marin County: Days on market down 24.56% year-over-year
Napa County: Days on market down 56.29% year-over-year
Market pace varies significantly by county and property type, reflecting uneven buyer behavior across the region
A dramatic shift into seller's market territory
Months of Supply Inventory (MSI) is the key metric used to define market conditions
California historically averages ~3 months of MSI, which represents a balanced market
Below 3 months indicates a seller’s market
Above 3 months indicates a buyer’s market
North Bay Market – January Shift:
Strong move toward seller’s market conditions across nearly all segments
Single-Family Homes:
Marin County: 1.0 month of supply, down 68.75% year-over-year
Sonoma County: 1.6 months of supply
Solano County: 1.9 months of supply
Napa County: 3.8 months of supply, down sharply from buyer’s market conditions in 2025
All four counties now in seller’s market territory
Condominiums:
Marin County: 2.0 months of supply, down 50% year-over-year
Sonoma County: 2.3 months of supply
Napa County: 3.7 months of supply
Solano County: 3.6 months of supply
Condo market has tightened considerably across the region
Current conditions may present a strong opportunity for sellers ahead of the spring inventory surge
Recent
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Provided Courtesy of Ascend Real Estate
Provided Courtesy of Ascend Real Estate
Provided courtesy of Ascend Real Estate
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