Real Estate Market Update for Penn Valley, CA
Welcome to October's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was up 8% from one year earlier, and down 5% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 380-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up nearly 150%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 310-thousand dollars. The number of units sold was consistent year-over-year, and increased 33% month-over-month. These latest figures could indicate that more buyers have been finding what they're looking for. 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 Penn Valley, CA
Area Information for Penn Valley, CA
  • Population: 1,625
  • Median Age: 44.02 yr
  • Median Commute Time: 21.98 mins
  • Educational Climate*: 3
  • Sales Tax: 7.625%
  • Population Density: 766/sq mi
  • Population Change Since 2000: 16.07%
  • Closest Airport: Sacramento International
  • Closest College: Mount Saint Joseph Seminary
  • Closest Jr. College: Aviation And Electronic Schls Of America
  • Median Household Income: $45,065
  • Annual Residential Turnover: 12.62%
  • Median Years in Residence: 4.89 yr
  • Median Home Sales Price: $171,000
  • Closest Major Sports Team: Sacramento River Cats
  • Change Avg. Household Income Since 2000: 25%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Penn Valley, CA
Median Age: 44.02 Married: 40% Number of Households: 634 Households with Children: 141
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 Penn Valley, CA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Ready Springs Elementary School 0.7 mi Public K-8 3 4
      Vantage Point Charter School 0.7 mi Public K-12 2 0
      Pleasant Valley Elementary School 4.3 mi Public 4-8 3-5 0
      Williams Ranch Elementary School 4.4 mi Public K-3 1 4
      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 © 2014
      Local Weather for Penn Valley, CA
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.