Is Penngrove, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$1,200,000
$572/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Penngrove have sold for 8.7% less than they did a month ago.
Summary: The median home sold price in Penngrove was $1,200,000 in April 2024, down 8.7% from last month, and the median price per square foot was $572.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $825K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $1.3M | $1.4M | +7.5% |
| 4 Bedrooms | $1.0M | $1.0M | -2.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Penngrove housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes did not change.
Housing Supply in Penngrove, CA
How many homes are available in Penngrove, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Summary: The Penngrove real estate market had 13 homes for sale in April 2024, a 30.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Penngrove housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Penngrove, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Penngrove in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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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