Why Live in Penn Valley
Penn Valley is a rural community with suburban elements, situated at the foothills of the Sierra Mountains. Known historically for its role during California's Gold Rush, the area now features homes on large plots and within a golf course community. The neighborhood is geographically positioned to avoid the dense fog of the Central Valley and the heavy snow of nearby Nevada City, which is 12 miles away. Residents enjoy outdoor activities, with Western Gateway Park offering nearly 90 acres of recreational space, including sports courts, a swimming lake, and an off-leash dog park. The South Yuba River State Park, with its trails and swimming holes, is a nearby attraction. Penn Valley's dining scene includes Players Restaurant and Sports Bar, Daybreak Cafe, and Blue Cow Deli, with additional shopping options available in Grass Valley, less than 9 miles away. Homes in Penn Valley range from ranch and farmhouse styles to custom builds, with some properties zoned for horses. Lake Wildwood, a gated community, offers amenities like a golf course and private parks. The Penn Valley Rodeo is a notable annual event supporting local causes. While the area poses a fire risk, it remains a community with a mix of rural charm and suburban conveniences.
Home Trends in Penn Valley, CA
On average, homes in Penn Valley, CA sell after 51 days on the market compared to the national average of 50 days. The median sale price for homes in Penn Valley, CA over the last 12 months is $525,000, down 7% from the median home sale price over the previous 12 months.
Median Sale Price
$525,000
Median Single Family Sale Price
$542,500
Median Townhouse Sale Price
$1,250,000
Average Price Per Sq Ft
$300
Number of Homes for Sale
47
Last 12 months Home Sales
124
Median List Price
$559,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-7%