Home Values

Nevada City Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$362,600

  • 4.6% 1-year change
  • None 1-year forecast

The median home value in Nevada City is $362,600. Nevada City home values have gone up 4.6% over the past year. The median list price per square foot in Nevada City is $219, which is lower than the Truckee Metro average of $227. The median price of homes currently listed in Nevada City is $439,000 while the median price of homes that sold is $320,077. The median rent price in Nevada City is $1,250, which is lower than the Truckee Metro median of $1,400.

Foreclosures will be a factor impacting home values in the next several years. In Nevada City 2.4 homes are foreclosed (per 10,000). This is lower than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Nevada City is 5.3%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Nevada City homeowners underwater on their mortgage is 10.7%.

Read more
Relative ZHVI
- +

Nevada City Market Overview

Data through Feb 28, 2015
  • $362,600 ZHVI
  • No data 1-yr forecast
  • $439,000 Median listing price
  • $320,077 Median sale price (Jan 31, 2015)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nevada City Market Health

Data through Feb 28, 2015
  • 4.9/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 10.7% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 5.3% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

2.4 homes Nevada City
3.9 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI
Rough and Ready $328,800
Grass Valley $291,800
Foresthill $262,800
Name Median ZHVI
Colfax $256,700
Alta $223,800
 

Listings & Sales

Data through Feb 28, 2015
  • $219 Median list price / sq ft
  • $208 Median sale price / sq ft (Jan 31, 2015)
  • 9.1% Listings with price cut
21.8%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nevada City Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,658 Nevada City
    $1,693 Truckee Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading