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October 2026 • Single-family homes • MLS area 13106
Nevada City at a glance
The median price rose in a month with only 14 closings. A different mix of homes sold can have a large effect on the midpoint.
Median sale price
Closed sales
Nevada City’s October housing numbers need a little context. The median sale price was higher than in September and a year earlier, while the number of closed sales was lower. Months of supply increased sharply from September, even though active inventory barely changed.
Those results can coexist. They also show why one headline number rarely tells the whole story in a small local market.
The quick answer
Fourteen single-family homes closed in October, with a median sale price of $734,500. Nevada City ended the month with 54 active listings and 3.9 months of supply. The homes that sold had a median of 12 days on market.
A higher median does not mean every home gained the same amount
October’s median sale price was up 5.7% from September’s $695,000 and 28.5% from the $571,500 recorded in October 2025.
That is a large year-over-year change, but it comes from a small group of sales. There were 14 closings in October, compared with 27 in September and 22 a year earlier. The types of homes that happened to close can move the median substantially.
The median sold price per square foot was $333, compared with $340 in September and $296 in October 2025. Neither measure establishes how much an individual home has appreciated. That requires a closer look at comparable properties and the home’s specific condition and features.
Why months of supply increased
Nevada City had 54 active listings at the end of October, just one more than September’s 53. Yet months of supply increased from 2.0 to 3.9.
The reason is largely the closing pace. Domus calculates months of supply by dividing month-end active listings by that month’s closed sales. October had 14 closings, compared with 27 in September. With fewer closings in the denominator, the supply figure rose even though the number of available homes was almost unchanged.
A year earlier, Nevada City had 65 active listings and 3.0 months of supply. This is why inventory and the closing count should be read together.
New listings and contracts
October brought 22 new listings, compared with 20 in September and 14 a year earlier. Fifteen homes went under contract during the month, matching September and falling below the 27 new contracts in October 2025.
Newly pending sales are not the same as completed sales. Some may close in a later month, and some may not close. They are useful for understanding activity, not for promising a particular future result.
Marketing time and asking prices
The homes that closed in October had a median of 12 days on market, compared with 27 in September and 47.5 a year earlier. That measures their MLS marketing time, not the time spent in escrow.
Closed sales averaged 98.5% of final list price and 96.2% of original list price. Those figures describe the group of completed transactions, not the amount every buyer can negotiate or every seller should expect.
If you are selling
Use the homes that compete directly with yours to build a pricing plan. A higher market median does not justify applying the same percentage increase to your property. Condition, presentation, location and current competition all matter.
If you are buying
Look carefully at the individual property and your total cost of ownership. Insurance availability, inspections and, where relevant, well and septic information deserve attention alongside price. The months-of-supply figure is useful context, but it cannot tell you how a specific seller will respond.
For the latest monthly numbers, visit the Nevada City market trends page.
If you would like help evaluating a home or planning a sale, call Mike Faulkenberry at 530-270-9219 or contact me.
| Metric | Oct 2025 | Sep 2026 | Oct 2026 |
|---|---|---|---|
| Median sale price | $571,500 | $695,000 | $734,500 |
| Closed sales | 22 | 27 | 14 |
| Median days on market (sold homes) | 47.5 | 27 | 12 |
| Active listings (end of period) | 65 | 53 | 54 |
| Months of supply | 3.0 | 2.0 | 3.9 |
| New listings | 14 | 20 | 22 |
| New pending contracts | 27 | 15 | 15 |
| Average sold / final list price | 96.5% | 97.8% | 98.5% |
| Average sold / original list price | 92.4% | 90.4% | 96.2% |
| Median sold price / sq. ft. | $296 | $340 | $333 |
Dollar amounts and counts are shown as reported. Months of supply and price ratios are rounded to one decimal for display. Charts use the same scales across all three areas.
Scope, source and definitions
Nevada County MLS major area 13106 (Nevada City); Residential > Single Family Residence. MLS area boundaries do not necessarily match city limits or ZIP codes. Source data updated November 8, 2026; XLSX exports rechecked November 9, 2026.
Median sale price is the midpoint of sold prices. Median days on market is the MLS field for homes closed during the period, not escrow time. Sold price per square foot is a median. Sale-to-list percentages are averages of individual sold-to-final-list or sold-to-original-list price ratios.
Active inventory is the end-period count using contract-date methodology. Months of supply equals that count divided by the month’s closed sales. New listings are counted regardless of current status; new pending means contracts entered during the period.
This series uses medians for days on market and sold price per square foot, with comparison periods re-extracted on the same basis. Older website reports used averages for those measures and are not directly comparable. No legacy TrendVision or county-PDF figures are blended here. Information is considered reliable, not guaranteed, and may be revised.
MetroList / Domus source portal · Metric definitions · Supply methodology
