Penn Valley Real Estate & Homes for Sale in Nevada County, California


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Homes for Sale in Penn Valley

Penn Valley Real Estate & Homes for Sale in California

Penn Valley is located in Nevada County, California, just one hour north of Sacramento in the Sierra foothills. Less than two hours from Reno and three hours from the Bay Area, residents benefit from a combination of city accessibility and small town living. One of the best features of Penn Valley's location is that the community is located just a short 10 minute drive to the historic mining towns of Nevada City and Grass Valley. Interested buyers looking to live in this pleasant community will find that listings for single-family homes, dominate the market, and opportunities to purchase land lots, ranches, farmland, and equestrian properties are just as prevalent.

For recreation, Penn Valley boasts meadows and forests to fishing streams and golf courses. Residents may even take advantage of nearby Lake Wildwood, Englebright Lake, the Yuba River, and the Bridgeport Covered Bridge for all their additional recreational amenities. With limitless outdoor activities and a small town environment, it's obvious why so many people are proud to call Penn Valley 'home.' The relaxed pace, clean mountain air, starry nights and friendly people are all some of the reasons why Penn Valley is a great place to live and work.

| Penn Valley City Guide |

Penn Valley, CA Real Estate Market: Price Range of Penn Valley Houses for Sale

From quaint cabins to contemporary estates, Penn Valley homes usually include sprawling amounts of acreage and spectacular views of the rural landscape. Single-family homes start in the low $120,000s and can go up to $4 million. Land property ranges from $200,000 to the mid-$500,000s depending on acreage, topography and utilities present. From hillside living under a canopy of tree tops to spacious mountain views and ample amount of room for horses, Penn Valley offers diverse housing options to its residents.

Penn Valley Real Estate Stats and Trends for the week of April 19th, 2020: homes priced around $504,062 compared to $504,062 the previous week, to remain steady with no change in listing price.  For Sunday, April 19th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.