Is Fresno, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fresno has remained a Seller's Market.
Key Takeaway
Fresno is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fresno, CA
How much do homes in Fresno, CA cost?
Median Sold Price
$385,015
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fresno have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Fresno was $385,015 in May 2024, up 1.3% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154.5K | $170K | +10.0% |
| 2 Bedrooms | $251.4K | $264.9K | +5.4% |
| 3 Bedrooms | $369.2K | $375K | +1.6% |
| 4 Bedrooms | $464K | $480K | +3.4% |
| 5+ Bedrooms | $550K | $540.1K | -1.8% |
Summary: Fresno housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Cities
| Madera Southeast | $474.9K | $519.3K | +9.3% |
| Clovis | $483.1K | $499.9K | +3.5% |
| Fresno | $380K | $385K | +1.3% |
Housing Supply in Fresno, CA
How many homes are available in Fresno, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,262 | 1,333 | +5.6% |
Summary: The Fresno real estate market had 1,333 homes for sale in May 2024, a 5.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 21 | +5.0% |
| 2 Bedrooms | 172 | 183 | +6.4% |
| 3 Bedrooms | 609 | 644 | +5.7% |
| 4 Bedrooms | 310 | 332 | +7.1% |
| 5+ Bedrooms | 151 | 153 | +1.3% |
Summary: The Fresno housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 1.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 343 | 322 | -6.1% |
Asking Price vs. Sold Price
127 Homes Were Sold
Under Asking
68 Homes Were Sold
At Asking
127 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fresno, you may be able to get a good deal. 39.4% of homes here sold below asking price last month.
Summary: A total of 322 homes were sold or pending in Fresno in May 2024, down by 6.1% month-over-month. Of the 322 sold homes, 39% were sold under asking, 21% were sold at asking, and 39% were sold over asking.
Days on Market for Fresno, CA
How long does it take to sell a home in Fresno, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 22 Days | -19.1% |
Summary: Homes in Fresno had an average of 22 days on market in May 2024, down by 19.1% compared to last year.
Breakdown of Home Sale Times
251 Homes Were Sold
Under 30 Days
57 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fresno are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 322 homes were sold in Fresno; 78% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.