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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fresno is a seller's market

Buyer's
Market

Difference Since June 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

$385,125

$244/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$5,357(+1.4%)

Key Takeaway

Homes in Fresno have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Fresno was $385,125 in June 2024, up 1.4% from last year, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $158K$165K
+4.4%
2 $255K$260K
+2.0%
3 $369K$375.4K
+1.7%
4 $460K$480K
+4.3%
5+ $544.8K$540.4K
-0.8%

Summary: Fresno housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 0.8%.

Median Sold Price Compared To Nearby Cities

Madera Southeast
+5.0%
Clovis
+4.1%
Fresno
+1.4%

Housing Supply in Fresno, CA

How many homes are available in Fresno, CA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
1,3541,379+1.8%

Summary: The Fresno real estate market had 1,379 homes for sale in June 2024, a 1.8% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 1815
-16.7%
2 183189
+3.3%
3 671661
-1.5%
4 338332
-1.8%
5+ 144182
+26.4%

Summary: The Fresno housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 26.4%.

Number of Homes Sold

May 2024Jun 2024CHANGE
355319-10.1%

Asking Price vs. Sold Price

110 Homes Were Sold
Under Asking

88 Homes Were Sold
At Asking

121 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fresno, you could pay more than the asking price. 37.9% of homes here sold above asking price last month.

Summary: A total of 319 homes were sold or pending in Fresno in June 2024, down by 10.1% month-over-month. Of the 319 sold homes, 34% were sold under asking, 28% were sold at asking, and 38% 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

Jun 2023Jun 2024CHANGE
21 Days19 Days-8.9%

Summary: Homes in Fresno had an average of 19 days on market in Jun 2024, down by 8.9% compared to last year.

Breakdown of Home Sale Times

246 Homes Were Sold
Under 30 Days

69 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 319 homes were sold in Fresno; 77% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 1% 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 23 Days Ago

Newest Listings in Fresno, CA

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