Brokers — List your Company Here
Featured local agent — Penn Valley, CA
Sarah Mitchell
Compass Real Estate · Penn Valley, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Penn Valley, CA Housing Market
The typical home in Penn Valley, CA is worth $523,756, held roughly flat 0.0% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $655,000, +13.3% year over year (through May 2026). With 4.0 months of supply and homes going under contract in about 48 days, Penn Valley is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $523,756 home is about $2,693/mo in principal and interest.
Key numbers for Penn Valley, CA
Typical home value
$523,756
-0.0% in 12 months
Zillow, July 2026
Typical asking rent
$2,698/mo
Zillow Observed Rent Index
Zillow, July 2026
Median sale price
$655,000
+13.3% year over year
Redfin, through May 2026
Days on market
48
Average pace
Redfin, through May 2026
Active listings
4
4.0 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
$62,966
Home costs 8.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
97.8%
Selling below 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 Penn Valley a buyer's or seller's market?
Penn Valley, CA is a balanced market, based on 4.0 months of supply and homes selling in about 48 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Penn Valley housing market data show?
Every row below is Redfin's final published month for Penn Valley, CA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $655,000 |
| Median list price | $537,000 |
| Year-over-year price change | +13.3% |
| Median price per sq ft | $402/sq ft |
| Median days on market | 48 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 97.8% |
| Homes sold (that month) | 1 |
| New listings (that month) | 2 |
| 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 Penn Valley is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Penn Valley 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 Penn Valley home prices moved?
Over the last three years the median sale price in Penn Valley, CA rose 44.1%, from $454,500 to $655,000. The live Zillow value series has held roughly flat 0.0% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 4.0 months while the sale-to-list ratio slips below its current 97.8%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
Get Penn Valley market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Penn Valley?
Priced off the typical home value of $523,756 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% | $104,751 | $419,005 | $2,693/mo |
| 5% | $26,188 | $497,568 | $3,198/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 $2,693, that implies roughly $115,399 a year before you add taxes and insurance. The median household in Penn Valley earns $62,966, about $52,433 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 8.3x — 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 Penn Valley in the next 12 months?
Tell us your timeline. We send the Penn Valley 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 Penn Valley?
Typical asking rent in Penn Valley, CA is $2,698/mo, against a typical home value of $523,756. That is a price-to-rent ratio of 16.2x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $2,693 a month — $5 less than renting before taxes and insurance, so ownership can win on monthly cost alone once you have the down payment.
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 Penn Valley?
Active listings in Penn Valley, CA went from 6 in March 2025 to 4 in May 2026, a -33.3% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| May 2025 | 4 | 2 |
| June 2025 | 4 | 1 |
| July 2025 | 3 | 1 |
| August 2025 | 7 | 5 |
| October 2025 | 7 | 1 |
| November 2025 | 7 | 2 |
| December 2025 | 3 | 1 |
| January 2026 | 3 | 2 |
| February 2026 | 5 | 3 |
| March 2026 | 6 | 5 |
| April 2026 | 3 | not published |
| May 2026 | 4 | 2 |
Redfin, through May 2026
How does Penn Valley compare to California and the U.S.?
Penn Valley homes sell for $655,000 — 26% below the California median of $887,400. Against the national median of $410,700, Penn Valley runs 59% higher. Year-over-year, Penn Valley moved +13.3% against California's +3.4% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Penn Valley, CA | $655,000 | +13.3% | 48 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 Penn Valley
What buyers should watch
- Months of supply, currently 4.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $505 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 $523,756 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 Penn Valley listing goes under contract in 48 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 97.8% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Penn Valley added 2 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -0.0% 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 Penn Valley varies more than the citywide median suggests — check the ZIP pages below before you set a number.
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
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. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $655,000 | $402/sq ft | 1 | 48 days |
Who lives in Penn Valley?
American Community Survey estimates for Penn Valley. U.S. Census ACS, 2023
Population
1,197
Households
537
Median income
$62,966/yr
Median age
52.7 years
Owner-occupied
63.9%
Median home value
$530,100
Median gross rent
$1,608/mo
Mean commute
57.2 min
63.9% of occupied homes in Penn Valley 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 $530,100 against Zillow's $523,756 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 $1,608/mo, below Zillow's $2,698/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
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
Williams Ranch Elementary
Grades K-5 · 185 students
Vantage Point Charter
Grades K-12 · 37 students
Penn Valley Union 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 Penn Valley, CA?
Ordered by distance from Penn Valley, not by size. Compare Penn Valley side by side with any of them.
Penn Valley housing market FAQ
Is Penn Valley a buyer's or seller's market?
Penn Valley, CA is currently a balanced market. That read comes from 4.0 months of supply, homes going under contract in about 48 days, and sellers getting 97.8% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Penn Valley?
The typical home in Penn Valley, CA is worth $523,756 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $655,000, about $402 per square foot.
Is Penn Valley cheaper than the rest of California?
Penn Valley's median sale price of $655,000 is 26% lower than the California statewide median of $887,400, and 59% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Penn Valley?
Homes in Penn Valley, CA spent a median of 48 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 Penn Valley?
At the current 30-year fixed rate of 6.66%, 20% down on a $523,756 home is about $2,693 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $115,399 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $62,966.
Are home prices rising in Penn Valley?
The typical home value in Penn Valley, CA held roughly flat 0.0% over the last 12 months, from $523,759 to $523,756 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Penn Valley?
Penn Valley 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 Penn Valley?
That depends on your timeline, not on a headline. What the data says today: Penn Valley, CA is a balanced market with 4.0 months of supply, the 30-year fixed rate is 6.66%, and the price-to-rent ratio of 16.2x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Penn Valley, CA
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Penn Valley
Nearby markets
Get the Penn Valley market brief
Get the Penn Valley, CA market brief
One email: what homes are actually clearing at around $523,756, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.