Real Estate Market Update for Nevada City, CA
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 50% from one year earlier, and up 73% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 680-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 200%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 280-thousand dollars. The number of units sold increased 100% year-over-year, and increased 500% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Nevada City, CA
Area Information for Nevada City, CA
  • Population: 3,074
  • Median Age: 46.9 yr
  • Median Commute Time: 11.29 mins
  • Educational Climate*: 5
  • Sales Tax: 8.5%
  • Population Density: 1,405/sq mi
  • Population Change Since 2000: 2.23%
  • Closest Airport: Sacramento International
  • Closest College: Mount Saint Joseph Seminary
  • Closest Jr. College: Aviation And Electronic Schls Of America
  • Median Household Income: $55,908
  • Annual Residential Turnover: 15.29%
  • Median Years in Residence: 4.19 yr
  • Median Home Sales Price: $242,500
  • Closest Major Sports Team: Sacramento River Cats
  • Change Avg. Household Income Since 2000: 52%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Nevada City, CA
Median Age: 46.9 Married: 23% Number of Households: 1,360 Households with Children: 309
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Nevada City, CA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Grizzly Hill 7.8 mi Public K-8 3 3
      Twin Ridges Special Education Preschool 7.8 mi Public PRESCHOOL-PRESCHOOL 0 0
      Ananda Living Wisdom 10.5 mi Private PRESCHOOL-12 0 5
      Yuba River Charter 10.8 mi Public K-8 2-5 4
      Forest Charter 11.3 mi Public K-12 0 0
      Core Placer Charter 11.3 mi Public K-12 2 5
      Twin Ridges Home Study Charter 11.4 mi Public K-8 0 0
      Nevada City Preschool 11.8 mi Public PRESCHOOL-PRESCHOOL 0 0
      Nevada City Charter School 11.8 mi Public K-8 4-5 4
      Seven Hills Intermediate 11.8 mi Public 5-8 4 4
      Special Education 11.8 mi Public K-12 0 0
      Deer Creek Elementary 11.8 mi Public K-4 3-5 5
      Echo Ridge Sda 13.1 mi Private K-8 0 0
      Milhous School, Inc 13.4 mi Private 7-12 0 0
      Milhous School Bradshaw 13.4 mi Private 6-12 0 0
      Woolman Semester At Sierra Friends Center, The 14.5 mi Private 11-12 0 0
      Nevada City School Of The Arts 17.1 mi Public K-8 2-5 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Nevada City, CA
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.