Three of Penngrove's five recent closings beat their list price
Three of the five most recent Penngrove closings recorded above their list price. That ratio — three out of five — is the cleanest single fact in the current record, and it sits alongside eight active listings that range from $849,000 to $2,245,000.
The current snapshot
| Active listings | 8 |
|---|---|
| Recorded closings (recent) | 5 |
| Closing price range | $1,100,000 – $1,275,000 (last two weeks) |
| Active price range | $849,000 – $2,245,000 |
| Oldest active listing | 6059 Hyland Way (on since July 23) |
| Newest active listing | 690 Palm Avenue (on since September 16) |
How it compares with homes like it
Penngrove is a small market. The five closings recorded here are all single-family homes, which is the only segment with meaningful recent data. There is no condo or townhome peer group to run alongside them. Because this is a market roundup rather than a single subject property, a strict like-for-like peer comparison is not possible; what follows reads the closings against each other and against the active inventory.
The two smallest homes — 4705 Acacia Way (1,793 sq ft) and 2294 Chester Drive (1,723 sq ft) — both closed above list. Acacia Way came in at $1,226,000 against a $1,199,000 ask; Chester Drive at $1,275,000 against $1,195,000. Chester Drive's $80,000 premium and $740/sq ft closing price are the highest per-square-foot figures in the recent record.
The two largest homes told a different story. 270 Olga Maria Court (3,268 sq ft) listed at $1,650,000 and closed at $1,625,000. 6649 Round Oak Road (2,292 sq ft) listed at $1,549,000 and closed at $1,485,000 — a $64,000 discount. 6960 Round Oak Road (2,437 sq ft) closed exactly at its $1,100,000 list price.
The pattern is not airtight with five data points, but it is consistent: smaller homes drew competitive offers; larger ones did not.
Comparable sales
| Address | Recorded | Price | Sq ft | $/sq ft | vs. List |
|---|---|---|---|---|---|
| 2294 Chester Drive | recorded on Sep 12 | $1,275,000 | 1,723 | $740 | +$80,000 |
| 4705 Acacia Way | recorded on Sep 17 | $1,226,000 | 1,793 | $684 | +$27,000 |
| 6649 Round Oak Road | recorded on Aug 21 | $1,485,000 | 2,292 | $648 | -$64,000 |
| 270 Olga Maria Court | recorded on Sep 3 | $1,625,000 | 3,268 | $497 | -$25,000 |
| 6960 Round Oak Road | recorded on Sep 9 | $1,100,000 | 2,437 | $451 | flat |
The five closings span $451 to $740 per square foot — a $289 spread that reflects lot size and condition as much as location, given how close these addresses are to one another.
Single-family homes across Penngrove
The four most recent sales captured in the market record — 2294 Chester Drive, 6960 Round Oak Road, 270 Olga Maria Court, and 6649 Round Oak Road — produce a median sale price of $1,380,000 and a median of $573 per square foot across a median of 2,365 square feet. Lot sizes in that group range from 14,892 square feet to 198,634 square feet, which limits how much the per-square-foot figure explains on its own.
The year-ago comparison for the same 180-day window shows zero recorded sales, so no trend line is available from this data set.
How the Penngrove market is doing
Across all property types, the four sales recorded in the most recent 180-day window in Penngrove show a price range of $1,100,000 to $1,625,000, with a median of $1,380,000 and a median of $573 per square foot (4 sales). No year-ago figures are available for comparison in this data set.
On the active side, eight listings are currently on the market. Two arrived in the last two weeks (690 Palm Avenue on September 16 and 10025 Grove Street on September 10), suggesting the fall inventory build is still adding supply. The longest-sitting active listing, 6059 Hyland Way at $849,000, has been on the market since July 23 — 61 days as of this writing, the lowest price point in the current active pool by a wide margin.
Jake Taylor · CA DRE #02070119
[email protected] · (707) 630-1001
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