Penn Valley real estate statistics over the last 9 months have shown an overall increase in the number of units for sale. The average price of a home for sale is in the upper $800,000 to $900,000+ range. The average sold price of a home is in the $700,000 range. The average days on market is around 70 days but much less for lower priced homes. Lower priced homes for sale are typically on the market for only a few days and some getting multiple offers over the list price.

PENN VALLEY HISTORY

Penn Valley was considered the western gateway to the northern mines during the California Gold Rush era because of its location on the wagon train route supplying goods from Sacramento to the gold mines in Grass Valley, Nevada City and beyond. It was also known as the “Pantry of the Northern Mines” because its rich farm lands and dairies supplied dairy products, meat and fresh produce to mines as far away as the State of Nevada.

A Penn Valley home buyer will find a wide range of Penn Valley real estate. Nice country estates on 20 acres of land or more will be among the homes for sale in Penn Valley. Many ranches and wide open spaces reside in this area of Nevada County, CA.

Penn Valley remains a community of peaceful natural beauty with a tranquil lifestyle. Yet, it continues to provide opportunities as evidenced by new commercial ventures and residential growth.

The area still maintains a “small town” atmosphere which has attracted both retirees and families. Residents may see horses on riding trails, llamas peering over fences, deer and wild turkeys. They also have access to businesses, schools, churches and amenities that make life complete. Today, about 12,000 call the area home.