$9,340 Closing Credit*
$786,540
2,087 SqFt
4 Beds
•2 Full Baths, 1 Partial
Catmy Bui, Listing Office: Providential Investments
Is Penngrove, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Penngrove has remained a Seller's Market.
Key Takeaway
Penngrove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Penngrove, CA
How much do homes in Penngrove, CA cost?
Median Sold Price
$1,075,000
$520/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$102,743(+10.6%)
Key Takeaway
Homes in Penngrove have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Penngrove was $1,075,000 in October 2024, up 10.6% from last year, and the median price per square foot was $520.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $825K | N/A |
| 2 Bedrooms | $782.5K | $849.5K | +8.6% |
| 3 Bedrooms | $990K | $1.1M | +14.9% |
| 4 Bedrooms | $979.5K | $1.0M | +5.9% |
| 5+ Bedrooms | $973.5K | $1.3M | +34.8% |
Summary: Penngrove housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 34.8%.
Median Sold Price Compared To Nearby Cities
| Penngrove | $972.2K | $1.0M | +10.6% |
| Rohnert Park | $700K | $720K | +2.9% |
| Petaluma | $900K | $915K | +1.7% |
Housing Supply in Penngrove, CA
How many homes are available in Penngrove, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Summary: The Penngrove real estate market had 19 homes for sale in October 2024, a 5.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Penngrove housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Penngrove, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Penngrove in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Penngrove, CA
We’re sorry, we don't have information for this market at the moment
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