Nevada City Real Estate Market Trends
What homes in Nevada City are actually selling for, how long they are taking, and how much is on the market — pulled from the MetroList MLS and refreshed every month.
Nevada City at a Glance
The Numbers, Explained
What is the median home price in Nevada City right now?
The median sold price for a single-family home in Nevada City was $695,000 in September 2026, up 24.1% from $560,000 in August and up 15.8% from $600,000 in September 2025.
Almost none of that jump is appreciation. September brought 27 closings against 18 in August, and the mix ran expensive — average price per square foot moved from $276 to $359 over the same month, which is not something a market does in thirty days. A different set of houses closed. Treat the median here as a description of September’s sales, not a measure of what a given Nevada City home gained this year.
How long are homes in Nevada City taking to sell?
Homes that closed in September 2026 averaged 87 days on market, up from 82 days in August and well above the 59 days recorded in September 2025.
Nevada City’s days-on-market figure swings hard from month to month because so few homes close — it ran 29 days in July and 82 in August. The three-month average of 67 days is the more honest read, and it still points to a market where buyers are taking their time.
Is Nevada City a buyer’s market or a seller’s market?
Nevada City sits at 2.2 months of supply, down sharply from 3.4 in August and 5.6 a year ago. Months of supply measures how long it would take to sell every home currently listed at the current pace of sales.
Under three months generally favors sellers, three to six is considered balanced, and over six favors buyers. On that measure Nevada City has tightened considerably over the past year. The caveat is that September’s unusually high closing count flatters the figure, since supply is measured against the pace of sales.
How much are homes selling for compared to asking price?
Sales in September closed at an average of 98% of final list price but only 88% of original list price. In August those figures were 96% and 89%.
That ten-point gap is the most telling number on this page. Sellers are getting close to their final asking price, but they are arriving at that price after meaningful reductions along the way. Combined with 87 days on market, it describes a market where ambitious initial pricing gets corrected rather than rewarded.
How many homes are for sale in Nevada City?
There were 60 active listings in Nevada City at the end of September 2026, essentially flat against 61 in August but down about 37% from the 95 listings on the market in September 2025.
Twenty-four new listings came on during the month against 27 closed sales, so inventory drew down slightly. A year-over-year drop of this size is the clearest structural change in the Nevada City market right now: buyers simply have far fewer homes to consider than they did last autumn.
Common Questions About Nevada City
The numbers above are only half the picture. These cover what buying up here actually involves — taxes, insurance, wells and septic included.
Explore Nevada City
This page is the market-data hub for Nevada City and is refreshed every month as new MLS numbers come in. For listings, neighborhood background and nearby comparisons, start here:
Figures cover single-family homes in the Nevada City area (MLS area 13106) and are drawn from the MetroList MLS, based on 27 closed sales in September 2026. Information is deemed reliable but not guaranteed. Nevada City closes few enough homes each month that the median and days-on-market figures move sharply on which properties happened to sell, so these figures describe the market in aggregate and are not an appraisal or a valuation of any individual home.
Thinking About Buying or Selling in Nevada City?
I am a REALTOR® with Coldwell Banker Grass Roots Realty and a Nevada County native. Nevada City is a market where pricing strategy matters more than most, so if you are weighing a move here, let's look at the actual comparable sales before settling on a number.
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