$2,374 Closing Credit*
$199,900
831 SqFt
2 Beds
•1 Bath
Mark Chu, Listing Office: Movoto, Inc.
Is Fresno, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$391,067
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,205(+2.9%)
Key Takeaway
Homes in Fresno have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Fresno was $391,067 in November 2024, up 2.9% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164.9K | $175K | +6.1% |
| 2 Bedrooms | $260K | $272.6K | +4.9% |
| 3 Bedrooms | $367.6K | $380K | +3.4% |
| 4 Bedrooms | $461.2K | $497.5K | +7.9% |
| 5+ Bedrooms | $541K | $586.4K | +8.4% |
Summary: Fresno housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
| Clovis | $485.1K | $506.3K | +4.4% |
| Fresno | $379.8K | $391K | +2.9% |
| Madera Southeast | $499.9K | $504.9K | +1.0% |
Housing Supply in Fresno, CA
How many homes are available in Fresno, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,386 | 1,334 | -3.8% |
Summary: The Fresno real estate market had 1,334 homes for sale in November 2024, a 3.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 23 | +27.8% |
| 2 Bedrooms | 196 | 200 | +2.0% |
| 3 Bedrooms | 685 | 641 | -6.4% |
| 4 Bedrooms | 360 | 344 | -4.4% |
| 5+ Bedrooms | 127 | 126 | -0.8% |
Summary: The Fresno housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.8%, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 0.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 333 | 286 | -14.1% |
Asking Price vs. Sold Price
120 Homes Were Sold
Under Asking
68 Homes Were Sold
At Asking
98 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fresno, you may be able to get a good deal. 42% of homes here sold below asking price last month.
Summary: A total of 286 homes were sold or pending in Fresno in November 2024, down by 14.1% month-over-month. Of the 286 sold homes, 42% were sold under asking, 24% were sold at asking, and 34% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 26 Days | +14.9% |
Summary: Homes in Fresno had an average of 26 days on market in Nov 2024, up by 14.9% compared to last year.
Breakdown of Home Sale Times
193 Homes Were Sold
Under 30 Days
76 Homes Were Sold
In 30 - 90 Days
17 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 November 2024, 286 homes were sold in Fresno; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 6% 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.