Home sales saw a significant surge in the western Nevada County market for April, marking a 23.4% monthly increase in homes sold and an 11.9% increase in the price paid for them.
One hundred homes sold locally in April, according to Multiple Listing Service data, with a $582,000 median price paid.
Lower than normal inventory since the pandemic has helped to prop up prices locally. However, the number of homes for sale locally just saw 39.5% monthly increase from March, totaling the highest monthly inventory since the pandemic with 466 active listings in April.
The monthly median price in April was just $10,000 short of the all-time record median price paid for a western Nevada County home, which was $592,500 in April 2022.
Such a monthly surge in median price paid — from $520,000 in March to the $582,000 recorded in April — doesn’t yet establish a trend. And in a market that saw 100 homes sold last month, a relatively small number of high-end transactions can somewhat over-influence that median price tag.
For a statewide perspective, the median price paid for a home in March (the latest statewide data available) was $884,350, according to the California Association of Realtors.
INVENTORY CONTINUES CLIMB
The 466 homes on the market in April were still a far cry from the 647 homes listed for sale in July 2019, the most homes for sale in a single month in the past 10 years.
But it doesn’t seem a stretch that western Nevada County’s listing inventory might reach 500 homes on the market in the next few months.
What impact higher inventory will have on prices remains to be seen, as noted by April’s higher median price alongside higher inventory.
According to the MLS, there were 44 new listings in the seven days between May 6-13. There were also 40 price reductions among the homes already on the market.
There were 126 sales pending at the end of the month, two more than March. The median days on market dropped from 22 days to 13 in April, as the selling season heats up.
Brian Hamilton is a Realtor (DRE #02149112) for the Betsy Hamilton Real Estate Team at RE/MAX Gold (DRE #01949144) in Grass Valley. Email him at br***@be***********.com or visit www.BetsyHamilton.com for more information.
BY THE NUMBERS
April home sales in western Nevada County:
$582,000 — Median price (2025)
$575,000 — Median price (2024)
13 – Days on market (2025)
22 – Days on market (2024)
100 – Homes sold (2025)
81 – Homes sold (2024)
466 – Homes for sale (2025)
334 – Homes for sale (2024)
