New Listing
25
$150,000
30927 Relief Hill Rd
Nevada City, CA 95959
Land5.00 acres
Katee Green · Real Broker
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Nevada City, CA Housing Market
Balanced market-0.1% YoY
Zillow, July 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, August 2026 · Refreshes weekly
The typical home in Nevada City, CA is worth $568,133, held roughly flat 0.1% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $827,500, +60.1% year over year (through May 2026). With 5.3 months of supply and homes going under contract in about 45 days, Nevada City is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $568,133 home is about $2,921/mo in principal and interest.
Key numbers for Nevada City, CA
Typical home value
$568,133
-0.1% in 12 months
Zillow, July 2026
Typical asking rent
$2,154/mo
Zillow Observed Rent Index
Zillow, July 2026
Median sale price
$827,500
+60.1% year over year
Redfin, through May 2026
Days on market
45
Average pace
Redfin, through May 2026
Active listings
21
5.3 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$69,552
Home costs 8.2x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.1%
Selling above asking
Redfin, through May 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Nevada City a buyer's or seller's market?
Balanced market5.3 months of supply45 days on market100.1% of asking
Nevada City, CA is a balanced market, based on 5.3 months of supply and homes selling in about 45 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Nevada City housing market data show?
Every row below is Redfin's final published month for Nevada City, CA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $827,500 |
| Median list price | $849,000 |
| Year-over-year price change | +60.1% |
| Median price per sq ft | $355/sq ft |
| Median days on market | 45 days |
| Active inventory | 21 listings |
| Months of supply | 5.3 months |
| Sale-to-list price ratio | 100.1% |
| Homes sold (that month) | 4 |
| New listings (that month) | 10 |
| Listings with a price cut | 33.3% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Nevada City is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Nevada City is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Nevada City home prices moved?
Over the last three years the median sale price in Nevada City, CA rose 15.2%, from $718,056 to $827,500. The live Zillow value series has held roughly flat 0.1% in the last 12 months, which is the more current read now that Redfin's series has stopped. 33.3% of Nevada City listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 5.3 months while the sale-to-list ratio slips below its current 100.1%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Nevada City?
Priced off the typical home value of $568,133 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $113,627 | $454,507 | $2,921/mo |
| 5% | $28,407 | $539,727 | $3,468/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,921, that implies roughly $125,176 a year before you add taxes and insurance. The median household in Nevada City earns $69,552, about $55,624 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 8.2x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Nevada City in the next 12 months?
Tell us your timeline. We send the Nevada City market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Nevada City?
Typical asking rent in Nevada City, CA is $2,154/mo, against a typical home value of $568,133. That is a price-to-rent ratio of 22.0x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $2,921 a month — $767 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, July 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Nevada City?
Active listings in Nevada City, CA went from 23 in May 2025 to 21 in May 2026, a -8.7% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 27 | 12 |
| July 2025 | 26 | 4 |
| August 2025 | 25 | 5 |
| September 2025 | 27 | 8 |
| October 2025 | 14 | not published |
| November 2025 | 12 | 3 |
| December 2025 | 9 | 1 |
| January 2026 | 9 | 4 |
| February 2026 | 9 | 4 |
| March 2026 | 13 | 8 |
| April 2026 | 17 | 7 |
| May 2026 | 21 | 10 |
Redfin, through May 2026
How does Nevada City compare to California and the U.S.?
Nevada City homes sell for $827,500 — 7% below the California median of $887,400. Against the national median of $410,700, Nevada City runs 101% higher. Year-over-year, Nevada City moved +60.1% against California's +3.4% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Nevada City, CA | $827,500 | +60.1% | 45 days |
| California statewide | $887,400 | +3.4% | 33 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Nevada City
What buyers should watch
- Months of supply, currently 5.3. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 33.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $548 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $568,133 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Nevada City listing goes under contract in 45 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.1% of asking. Price at the number you want and let competition do the rest.
- In the last published month Nevada City added 10 new listings against 4 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -0.1% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Nevada City varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Nevada City
There are currently 21 homes listed for sale in Nevada City, California. The median listing price is $849K. Featured listings range from $150,000 to $1,386,000.
New Listing
10
$190,000
13117 Madrone Forest Dr
Nevada City, CA 95959
Land3.69 acres
Stacy Stanley · HomeSmart ICARE Realty
View photos & details
New Listing
32
$349,000
12483 Willow Valley Rd
Nevada City, CA 95959
Land27.00 acres
Ryan Reid · Sierra Homes Realty
View photos & details
New Listing
35
$379,900
12399 Pawnee Trl
Nevada City, CA 95959
2 bd1 ba1,440 sqft$264/ft²
House33,977 sqft lot
Tiffany Solbos · GUIDE Real Estate
View photos & details
New Listing
23
$399,000
13348 Woodzy Pl
Nevada City, CA 95959
Land5.00 acres
Rachael Castle · Coldwell Banker Grass Roots Realty
View photos & details
New Listing
22
$399,000
18767 Starduster Dr
Nevada City, CA 95959
Land10.00 acres
Jason Burkhart · Compass
View photos & details
New Listing
63
$450,000
18801 Sages Rd
Nevada City, CA 95959
3 bd3 ba2,885 sqft$156/ft²
House20.00 acres
Sarah Stone-Francisco · Century 21 Cornerstone Realty
View photos & details
New Listing
35
$650,000
10265 Newtown Rd
Nevada City, CA 95959
4 bd3 ba2,096 sqft$310/ft²
House2.17 acres
Aaron Mitchell · Keller Williams Realty
View photos & details
79
$699,000
14708 Echo Ridge Dr
Nevada City, CA 95959
4 bd3 ba3,526 sqft$198/ft²
House21,344 sqft lot
Kathy Papola · Coldwell Banker Grass Roots Realty
View photos & details
New Listing
39
$750,000
12081 Robust Way
Nevada City, CA 95959
2 bd2 ba1,730 sqft$434/ft²
House1.68 acres
Jessica Couch · Dynamic Real Estate
View photos & details
New Listing
58
$1,200,000
11198 Pittsburg Mine Rd
Nevada City, CA 95959
3 bd3 ba3,011 sqft$399/ft²
House1.97 acres
Kimberly Carlsen · Coldwell Banker Grass Roots Realty
View photos & details
New Listing
91
$1,386,000
10973 Scotts Flat Dam Rd
Nevada City, CA 95959
3 bd4 ba2,756 sqft$503/ft²
House5.00 acres
Aron Martin · Coldwell Banker Grass Roots Realty
View photos & details
Looking to buy in Nevada City?
Get connected with a local real estate expert — free, no obligation.
Active listings
21
Homes on market
Median list price
$849K
Avg. days on market
45
Days until sale
New this week
10
Newly listed
Price drops:33.3%of listings
Sale-to-list:100.1%
How much do homes cost in Nevada City by property type?
How the Nevada City, CA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $827,500 | $355/sq ft | 4 | 45 days |
| Condo / co-op | $321,000 | $304/sq ft | 1 | 3 days |
| Townhouse | $391,500 | $223/sq ft | 3 | 109 days |
Who lives in Nevada City?
American Community Survey estimates for Nevada City. U.S. Census ACS, 2023
Population
3,168
Households
1,303
Median income
$69,552/yr
Median age
49.4 years
Owner-occupied
44.8%
Median home value
$607,300
Median gross rent
$1,756/mo
Mean commute
28.5 min
44.8% of occupied homes in Nevada City are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $607,300 against Zillow's $568,133 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,756/mo, below Zillow's $2,154/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Nevada City?
6 schools tracked · 1,472 students
The largest public schools serving Nevada City, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Nevada City School of the Arts
Grades K-8 · 460 students
Seven Hills Intermediate
Grades 4-8 · 431 students
Deer Creek Elementary
Grades K-3 · 274 students
Sierra Academy of Expeditionary Learning
Grades 9-12 · 197 students
Grizzly Hill
Grades K-8 · 110 students
Twin Ridges Special Education Preschool
Grade range n/a
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Nevada City, CA?
Ordered by distance from Nevada City, not by size. Compare Nevada City side by side with any of them.
Which ZIP codes are in Nevada City?
These are the ZIP codes we see on active Nevada City listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Nevada City housing market FAQ
Is Nevada City a buyer's or seller's market?
Nevada City, CA is currently a balanced market. That read comes from 5.3 months of supply, homes going under contract in about 45 days, and sellers getting 100.1% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Nevada City?
The typical home in Nevada City, CA is worth $568,133 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $827,500, about $355 per square foot.
Is Nevada City cheaper than the rest of California?
Nevada City's median sale price of $827,500 is 7% lower than the California statewide median of $887,400, and 101% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Nevada City?
Homes in Nevada City, CA spent a median of 45 days on market before going under contract, versus 33 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Nevada City?
At the current 30-year fixed rate of 6.66%, 20% down on a $568,133 home is about $2,921 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $125,176 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $69,552.
Are home prices rising in Nevada City?
The typical home value in Nevada City, CA held roughly flat 0.1% over the last 12 months, from $568,786 to $568,133 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Nevada City?
Nevada City ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Nevada City?
That depends on your timeline, not on a headline. What the data says today: Nevada City, CA is a balanced market with 5.3 months of supply, the 30-year fixed rate is 6.66%, and the price-to-rent ratio of 22.0x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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