Penryn Market Report – February 2019

Single Family Homes in Penryn

Penryn Market Report – Real Estate Market

The Penryn Market Report was prepared by Leilani Souza.

What is the real estate market like in Penryn, California? According to market data from February 2019, Penryn has 3 months of inventory. This means that it is a Neutral Market in Penryn, CA. It’s a good sign of a stable real estate market.

How do we calculate the months of inventory? Find out in the next section.

Penryn Market Report – For Sale / Sold / Pending

The number of properties for sale divided by the number of properties sold equals the months of inventory. It is a Neutral Market when there are 3-6 months worth of inventory. A Buyer’s Market is when the current inventory exceeds 6 months. When there is less than 3 months of inventory, it is a Seller’s Market.

• 12 homes for sale in Penryn, CA
• 4 homes sold in Penryn, CA
• 3 homes pending in Penryn, CA

Compared to 1 month earlier, homes for sale are up 100%, homes sold are up 300% and homes pending are down 50%.

Compared to 12 months earlier, homes for sale are up 140%, homes sold are down 20% and homes pending are down 66.7%.

Penryn Market Report – Average Price For Sale / Sold

The average for sale price is Neutral and the average sold price is Neutral.

• $942,000 average price of homes for sale in Penryn, CA
• $548,000 average price of homes sold in Penryn, CA

Compared to 1 month earlier, the average for sale price decreased 3.3% and the average sold price increased 30.5%.

Compared to 12 months earlier, the average for sale price increased 7.4% and the average sold price decreased 37.4%.

We hope you found this Penryn Market Report to be a helpful resource. The charts above show the real estate activity for single family homes in Penryn, CA. Contact us if you’d like to know the value of your home, land or rental property. If you want more information about a specific neighborhood or if you have any questions, we’d love to hear from you too!

Bob Souza (925) 513-3400
Leilani Souza (916) 408-5500

Interested in the latest news about the Penryn real estate market for homes and land? Visit the Penryn – Placer County, California Real Estate section.

• Auburn Market Report
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• Folsom Market Report
• Foresthill Market Report
• Granite Bay Market Report
• Lincoln Market Report
• Loomis Market Report
• Meadow Vista Market Report
• Newcastle Market Report
• Rocklin Market Report
• Roseville Market Report

All reports are published March 2019, based on data available at the end of February 2019. All reports presented are based on data supplied by the MetroList MLS. The MetroList MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the MetroList MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.