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Featured local agent — Penryn, CA
Sarah Mitchell
Compass Real Estate · Penryn, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Penryn, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$2.05Mmedian sale price
How is the Penryn, CA housing market right now?
The median home sale price in Penryn, CA is $2.05M, up 272.7% year-over-year. Homes sell in an average of 67 days with 2 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 Penryn a buyer's or seller's market?
Penryn, CA is currently a balanced market, based on 2.0 months of supply and homes selling in about 67 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
67
Average pace
Active listings
2
2.0 months supply
Sale-to-list
95.4%
Below asking
What does the Penryn housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $2.05M |
| Year-over-year price change | +272.7% |
| Average days on market | 67 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 95.4% |
| Median price per sq ft | $569/sq ft |
| Homes sold (latest month) | 1 |
| Listings with a price cut | 100.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Penryn by property type?
How the Penryn, 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 | $2.05M | $569/sq ft | 1 | 67 days |
| Townhouse | $589,000 | $306/sq ft | 1 | 4 days |
Source: Redfin · Updated monthly
The Penryn housing market is currently classified as a balanced market with a median sale price of $2.05M. Prices have risen 272.7% compared to last year, with homes spending an average of 67 days on market, indicating 2.0 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 7.8x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Penryn
There are currently 2 homes listed for sale in Penryn, California.
Active listings
2
Homes on market
Avg. days on market
67
Days until sale
Who lives in Penryn?
Population
1,059
Median income
$121,302/yr
Median age
57.3 years
Owner-occupied
86.4%
College grads
40.1%
Avg commute
23.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Penryn?
Zillow home value
$949,571
Price-to-income
7.8x
Source: Zillow Research
What is it like to live in Penryn?
Penryn is a community of approximately 1K residents with a median age of 57.3 years.The median household income is $121,302, which reflects a relatively affluent area with strong earning potential. 40.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 86.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Penryn offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Penryn?
1 schools tracked · 247 students
The largest public schools serving Penryn, 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.
Penryn Elementary
Grades K-8 · 247 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 Penryn, CA?
Want a head-to-head view? Compare Penryn side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Penryn?
The median home sale price in Penryn is $2.05M, up 272.7% from last year.
How long do homes stay on market in Penryn?
Homes typically spend 67 days on market before going under contract.
What is the median income in Penryn?
The median household income is $121,302 per year.
Is Penryn a buyer's or seller's market?
With 2.0 months of supply, Penryn is currently a balanced market.
What is the Zillow home value estimate for Penryn?
The Zillow Home Value Index (ZHVI) for Penryn is $949,571, representing the typical home value in the area.
How much does a single-family home cost in Penryn?
The median single-family home price in Penryn, CA is $2.05M (about $569 per square foot).
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