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Featured local agent — Penngrove, CA
Sarah Mitchell
Compass Real Estate · Penngrove, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Penngrove, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.65Mmedian sale price
How is the Penngrove, CA housing market right now?
The median home sale price in Penngrove, CA is $1.65M, up 28.4% year-over-year. Homes sell in an average of 62 days with 6 active listings. The market is currently a buyer's 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 Penngrove a buyer's or seller's market?
Penngrove, CA is currently a buyer's market, based on 6.0 months of supply and homes selling in about 62 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
62
Average pace
Active listings
6
6.0 months supply
Sale-to-list
100.0%
Above asking
What does the Penngrove housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.65M |
| Median list price | $1.36M |
| Year-over-year price change | +28.4% |
| Average days on market | 62 days |
| Active inventory | 6 listings |
| Months of supply | 6.0 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $1,394/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Listings with a price cut | 16.7% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Penngrove by property type?
How the Penngrove, CA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.65M | $1,394/sq ft | 1 | 62 days |
Source: Redfin · Updated monthly
The Penngrove housing market is currently classified as a buyer's market with a median sale price of $1.65M. Prices have risen 28.4% compared to last year, with homes spending an average of 62 days on market, indicating 6.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 10.9x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Penngrove
There are currently 6 homes listed for sale in Penngrove, California. The median listing price is $1.4M.
Active listings
6
Homes on market
Median list price
$1.4M
Avg. days on market
62
Days until sale
New this week
2
Newly listed
Who lives in Penngrove?
Population
2,123
Median income
$115,826/yr
Median age
55.3 years
Owner-occupied
63.0%
College grads
53.9%
Avg commute
30.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Penngrove?
Zillow home value
$1.27M
Price-to-income
10.9x
Source: Zillow Research
What is it like to live in Penngrove?
Penngrove is a community of approximately 2K residents with a median age of 55.3 years.The median household income is $115,826, which reflects a relatively affluent area with strong earning potential. 53.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 63.0%, showing a blend of owner and renter-occupied properties. The average commute time is 30.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Penngrove offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Penngrove?
1 schools tracked · 477 students
The largest public schools serving Penngrove, 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.
Penngrove Elementary
Grades K-6 · 477 students
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 Penngrove, CA?
Want a head-to-head view? Compare Penngrove side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Penngrove?
The median home sale price in Penngrove is $1.65M, up 28.4% from last year.
How long do homes stay on market in Penngrove?
Homes typically spend 62 days on market before going under contract.
What is the median income in Penngrove?
The median household income is $115,826 per year.
Is Penngrove a buyer's or seller's market?
With 6.0 months of supply, Penngrove is currently a buyer's market.
What is the Zillow home value estimate for Penngrove?
The Zillow Home Value Index (ZHVI) for Penngrove is $1.27M, representing the typical home value in the area.
How much does a single-family home cost in Penngrove?
The median single-family home price in Penngrove, CA is $1.65M (about $1,394 per square foot).
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