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Featured local agent — Penn Valley, CA

Sarah Mitchell

CNESRESABR

Compass Real Estate · Penn Valley, CA

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Penn Valley, CA(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Penn Valley, CA Housing Market & Real Estate

Balanced market+13.3% YoY

Housing market overview · Updated monthly ·

$655,000median sale price

How is the Penn Valley, CA housing market right now?

The median home sale price in Penn Valley, CA is $655,000, up 13.3% year-over-year. Homes sell in an average of 48 days with 4 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)

Is Penn Valley a buyer's or seller's market?

Balanced market4.0 months of supply48 avg. days on market

Penn Valley, CA is currently a balanced market, based on 4.0 months of supply and homes selling in about 48 days. How we determine this →

Homes sold

1

Last 12 weeks

Days on market

48

Average pace

Active listings

4

4.0 months supply

Sale-to-list

97.8%

Below asking

What does the Penn Valley housing market data show?

Current housing market statistics for Penn Valley, CA
MetricValue
Median sale price$655,000
Median list price$537,000
Year-over-year price change+13.3%
Average days on market48 days
Active inventory4 listings
Months of supply4.0 months
Sale-to-list price ratio97.8%
Median price per sq ft$402/sq ft
Homes sold (latest month)1
New listings (latest month)2
Market conditionBalanced market

Source: Redfin · Updated monthly

How much do homes cost in Penn Valley by property type?

How the Penn Valley, CA market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Penn Valley, CA
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$655,000$402/sq ft148 days

Source: Redfin · Updated monthly

The Penn Valley housing market is currently classified as a balanced market with a median sale price of $655,000. Prices have risen 13.3% compared to last year, with homes spending an average of 48 days on market, indicating 4.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 8.3x provides context for how home values compare to local earning capacity.

Market trends

Homes for sale in Penn Valley

There are currently 4 homes listed for sale in Penn Valley, California. The median listing price is $537K.

Active listings

4

Homes on market

Median list price

$537K

Avg. days on market

48

Days until sale

New this week

2

Newly listed

Sale-to-list:97.8%

Who lives in Penn Valley?

Population

1,197

Median income

$62,966/yr

Median age

52.7 years

Owner-occupied

63.9%

College grads

17.8%

Avg commute

57.2 min

Source: U.S. Census Bureau ACS

What are homes worth in Penn Valley?

Zillow home value

$522,040

Price-to-income

8.3x

Source: Zillow Research

What is it like to live in Penn Valley?

Penn Valley is a community of approximately 1K residents with a median age of 52.7 years.The median household income is $62,966, which represents a working-class community with solid middle-income opportunities. 17.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.

Homeownership rates are at 63.9%, showing a blend of owner and renter-occupied properties. The average commute time is 57.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Penn Valley offers a balanced lifestyle with accessible home values relative to local income levels.

Which public schools serve Penn Valley?

4 schools tracked · 558 students

The largest public schools serving Penn Valley, 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.

Ready Springs Elementary

Grades K-8 · 336 students

Public

Williams Ranch Elementary

Grades K-5 · 185 students

Public

Vantage Point Charter

Grades K-12 · 37 students

Charter

Penn Valley Union Special Education Preschool

Grade range n/a

Public

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 Penn Valley, CA?

Want a head-to-head view? Compare Penn Valley side-by-side with any other U.S. city using our market-comparison tool.

Frequently asked questions

What is the average home price in Penn Valley?

The median home sale price in Penn Valley is $655,000, up 13.3% from last year.

How long do homes stay on market in Penn Valley?

Homes typically spend 48 days on market before going under contract.

What is the median income in Penn Valley?

The median household income is $62,966 per year.

Is Penn Valley a buyer's or seller's market?

With 4.0 months of supply, Penn Valley is currently a balanced market.

What is the Zillow home value estimate for Penn Valley?

The Zillow Home Value Index (ZHVI) for Penn Valley is $522,040, representing the typical home value in the area.

How much does a single-family home cost in Penn Valley?

The median single-family home price in Penn Valley, CA is $655,000 (about $402 per square foot).

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