Penn Valley · Nevada County · Market Report
Penn Valley, California Real Estate — June 2026
Acreage, ranch and horse properties, and the gated Lake Wildwood community — Penn Valley is where buyers come for space. It's also home to Farris's brokerage office.
As of June 2026, Penn Valley, California real estate shows the median list price is about $523,750 (-4.6% YoY), homes are selling in a median of about 57 days on the market, and there are roughly 79 active listings — per Realtor.com and U.S. Bureau of Labor Statistics data via the Federal Reserve (FRED). The market reads as fairly balanced right now — neither side has a decisive…
What is the Penn Valley real estate market like?
Penn Valley sits west of Grass Valley along Highway 20 and is defined by room to spread out — ranchettes, horse properties, and homes on usable acreage are common, along with the gated Lake Wildwood community built around a private lake and golf course.
Buyers here are usually trading some in-town convenience for land, privacy, and recreation. Lake Wildwood draws interest for its amenities and HOA-maintained setting, while the surrounding area offers more rural, agricultural-style parcels. Farris's Century 21 Cornerstone office is located right in Penn Valley, at 11360 Pleasant Valley Rd.
Penn Valley area market data
These figures cover the ZIP code that makes up Penn Valley (95946) as of June 2026. Listing counts are summed across that ZIP; median list price and days on market are listing-count-weighted. Source: Realtor.com residential listings data. Unemployment is Nevada County-level via U.S. BLS.
Penn Valley prices vary widely with acreage and whether a home sits inside Lake Wildwood or on open land, so the county median is only a rough anchor here. For an address-level read on a specific Penn Valley home, request a free home value report.
The market reads as fairly balanced right now — neither side has a decisive edge. The right move depends on the specific home, neighborhood, and your timeline, which is exactly the kind of thing worth talking through one-on-one.
Commute times, neighborhoods, schools, climate, and what living here is actually like — the full relocation guide picks up where the numbers leave off.
Penn Valley reads close to balanced right now, which means the outcome is won on preparation and underwriting, not on guessing the market. That's exactly the math-before-the-pitch work I do for every client.
Neighborhoods & areas in Penn Valley
A few of the areas Farris helps buyers and sellers around Penn Valley.
Lake Wildwood
A gated community around a private lake and golf course with its own amenities and HOA.
Western Gateway
Homes on acreage near the regional park west of the village core.
Pleasant Valley
Rural and ranch-style parcels — the area around Farris's brokerage office.
Rough and Ready
A small historic community just east, known for rural homes and acreage.
Discover Penn Valley
Penn Valley sits in the rolling oak country west of Grass Valley, historically ranch and grazing land along the Highway 20 corridor. Nearby Rough and Ready famously — and briefly — declared itself an independent republic in 1850 during the Gold Rush. Just north, the Bridgeport Covered Bridge spans the South Yuba and is among the longest single-span wood-covered bridges in the country.
Things to see & do
Lake Wildwood
A gated community built around a private lake and golf course, with recreation amenities for residents.
Bridgeport Covered Bridge
A historic covered bridge over the South Yuba River, part of South Yuba River State Park.
Western Gateway Park
A large regional park with trails, sports fields, a dog park, and an arboretum.
Rough and Ready
A small historic community just east, known for its colorful Gold Rush past.
Annual events & traditions
- Penn Valley Rodeo (Father's Day weekend) — a long-running PRCA rodeo
- Rough and Ready Secession Days (June)
- Seasonal community events at Western Gateway Park
Penn Valley is where the foothills open into space — acreage, horse property, a private lake community, and the South Yuba just up the road. It's also home to Farris's brokerage office.
Mosey is our free guide to Northern California events, concerts, festivals, farmers markets and things to do — updated all the time.
Explore nearby markets
Nevada County overview →Grass Valley →Nevada City →Truckee →
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Free Home Value Report
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Get your home value →VA Buyer Analyzer
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Open the VA tool →Market Pulse
A plain-English read on where rates and the local market are heading, updated regularly.
See the latest →Thinking about a move in Penn Valley?
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Penn Valley real estate FAQ
- What is Lake Wildwood?
- A gated Penn Valley community built around a private lake and golf course, with its own recreational amenities and homeowners association — a popular draw for buyers who want recreation close to home.
- What kinds of properties are in Penn Valley?
- Largely acreage, ranch, and horse properties along with the Lake Wildwood community — buyers typically come here for land, privacy, and space.
- How do Penn Valley home prices compare to the rest of Nevada County?
- As of June 2026, the median list price in Penn Valley is about $523,750 (-4.6% YoY). Penn Valley prices vary widely with acreage and whether a home sits inside Lake Wildwood or on open land, so the county median is only a rough anchor here. For a precise, address-level figure in Penn Valley, ask Farris for a free home value report.
- Is now a good time to buy or sell in Penn Valley?
- The market reads as fairly balanced right now — neither side has a decisive edge. The right move depends on the specific home, neighborhood, and your timeline, which is exactly the kind of thing worth talking through one-on-one. Penn Valley can move differently than the Nevada County average, so the honest answer depends on the specific home and your timeline — reach out for a free, no-pressure read.
- Do you work with VA and military buyers in Penn Valley?
- Yes — VA and military relocation buyers are a core focus. Farris is a Navy veteran and NAR Military Relocation Professional (MRP). Try the free VA Buyer Analyzer or book a call to map out your Penn Valley options.