Intero's Market Report

Penryn, CA

Single-Family Homes



Current active inventory in Penryn, CA is very low. Keep this in mind when looking at this report.

Penryn, CA

Tue May 11 2021
This week the median list price for Penryn, CA is $1,749,000 with the market action index hovering around 59. This is an increase over last month's market action index of 57. Inventory has increased to 3. Click here to stay informed with the Penryn market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Penryn, CA

Tue May 11 2021
This week the median list price for Penryn, CA is $1,749,000 with the market action index hovering around 59. This is an increase over last month's market action index of 57. Inventory has increased to 3. Click here to stay informed with the Penryn market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Penryn market.
Median List Price $1,749,000
Median Price of New Listings $0
Per Square Foot $397
Average Days on Market 100
Median Days on Market 49
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 3
Median Rent
Market Action 59
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,749,000 4,658 2.5 - 5 acres 5 4 27 0 1 49
$1,850,000 4,658 5 - 10 acres 6 4 9 0 0 49
$1,749,000 4,721 2.5 - 5 acres 5 5 27 0 0 231
$1,195,000 2,076 2.5 - 5 acres 3 2 85 0 1 21