Is Fresno County, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fresno County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Fresno County has remained a Seller's Market.

Key Takeaway

Fresno County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fresno County, CA

How much do homes in Fresno County, CA cost?

Median Sold Price

$411,254

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,419(+2.9%)

Key Takeaway

Homes in Fresno County have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Fresno County was $411,254 in October 2024, up 2.9% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $175K$175K
0.0%
2 $262.2K$271.3K
+3.5%
3 $377.6K$389.9K
+3.3%
4 $489.9K$506.9K
+3.5%
5+ $587K$615K
+4.8%

Summary: Fresno County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 4.8%.

Median Sold Price Compared To Nearby Counties

Merced County
+4.7%
Fresno County
+2.9%
Madera County
+2.6%
Kings County
-1.4%

Housing Supply in Fresno County, CA

How many homes are available in Fresno County, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2,3062,404+4.2%

Summary: The Fresno County real estate market had 2,404 homes for sale in October 2024, a 4.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 3027
-10.0%
2 257269
+4.7%
3 1,0781,131
+4.9%
4 666698
+4.8%
5+ 275279
+1.5%

Summary: The Fresno County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 1.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
533487-8.6%

Asking Price vs. Sold Price

227 Homes Were Sold
Under Asking

110 Homes Were Sold
At Asking

150 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fresno County, you may be able to get a good deal. 46.6% of homes here sold below asking price last month.

Summary: A total of 487 homes were sold or pending in Fresno County in October 2024, down by 8.6% month-over-month. Of the 487 sold homes, 47% were sold under asking, 23% were sold at asking, and 31% 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

Oct 2023Oct 2024CHANGE
21 Days29 Days+36.6%

Summary: Homes in Fresno County had an average of 29 days on market in Oct 2024, up by 36.6% compared to last year.

Breakdown of Home Sale Times

313 Homes Were Sold
Under 30 Days

138 Homes Were Sold
In 30 - 90 Days

36 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fresno County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 487 homes were sold in Fresno County; 64% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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