Is Fresno County, 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 County has remained a Seller's Market.
Housing Prices in Fresno County, CA
How much do homes in Fresno County, CA cost?
Median Sold Price
$407,085
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fresno County was $407,085 in May 2024, up 1.8% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $164.9K | $175K | +6.1% |
2 Bedrooms | $255.1K | $268.2K | +5.1% |
3 Bedrooms | $379.8K | $385K | +1.4% |
4 Bedrooms | $489.9K | $501K | +2.2% |
5+ Bedrooms | $599.4K | $593.1K | -1.1% |
Summary: Fresno County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Counties
Madera County | $408.5K | $425K | +4.0% |
Kings County | $345K | $358K | +3.8% |
Fresno County | $399.8K | $407K | +1.8% |
Merced County | $387.1K | $394.2K | +1.8% |
Housing Supply in Fresno County, CA
How many homes are available in Fresno County, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,119 | 2,289 | +8.0% |
Summary: The Fresno County real estate market had 2,289 homes for sale in May 2024, a 8.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 26 | 34 | +30.8% |
2 Bedrooms | 241 | 263 | +9.1% |
3 Bedrooms | 979 | 1,056 | +7.9% |
4 Bedrooms | 616 | 667 | +8.3% |
5+ Bedrooms | 257 | 269 | +4.7% |
Summary: The Fresno County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 4.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
524 | 521 | -0.6% |
Asking Price vs. Sold Price
211 Homes Were Sold
Under Asking
129 Homes Were Sold
At Asking
180 Homes Were Sold
Over Asking
Summary: A total of 521 homes were sold or pending in Fresno County in May 2024, down by 0.6% month-over-month. Of the 520 sold homes, 41% were sold under asking, 25% were sold at asking, and 35% were sold over asking.
Days on Market for Fresno County, CA
How long does it take to sell a home in Fresno County, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 24 Days | -22.2% |
Summary: Homes in Fresno County had an average of 24 days on market in May 2024, down by 22.2% compared to last year.
Breakdown of Home Sale Times
394 Homes Were Sold
Under 30 Days
99 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Summary: During May 2024, 521 homes were sold in Fresno County; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.