$7,125 Closing Credit*
$600,000
3,000 SqFt
3 Beds
•3 Baths
Jonathan Minerick, Listing Office: HomeCoin.com
Is Fresno, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$389,967
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$9,967(+2.6%)
Key Takeaway
Homes in Fresno have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Fresno was $389,967 in September 2024, up 2.6% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $161.5K | -2.1% |
| 2 Bedrooms | $259K | $264.9K | +2.3% |
| 3 Bedrooms | $369.9K | $376.2K | +1.7% |
| 4 Bedrooms | $464.6K | $487.5K | +4.9% |
| 5+ Bedrooms | $547.5K | $557.9K | +1.9% |
Summary: Fresno housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
| Madera Southeast | $487K | $510K | +4.7% |
| Clovis | $485K | $505K | +4.1% |
| Fresno | $380K | $389.9K | +2.6% |
Housing Supply in Fresno, CA
How many homes are available in Fresno, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1,361 | 1,372 | +0.8% |
Summary: The Fresno real estate market had 1,372 homes for sale in September 2024, a 0.8% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 21 | +16.7% |
| 2 Bedrooms | 176 | 193 | +9.7% |
| 3 Bedrooms | 683 | 662 | -3.1% |
| 4 Bedrooms | 341 | 349 | +2.3% |
| 5+ Bedrooms | 143 | 147 | +2.8% |
Summary: The Fresno housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 9.7%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 2.8%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 349 | 279 | -20.1% |
Asking Price vs. Sold Price
102 Homes Were Sold
Under Asking
80 Homes Were Sold
At Asking
96 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fresno, you may be able to get a good deal. 36.7% of homes here sold below asking price last month.
Summary: A total of 279 homes were sold or pending in Fresno in September 2024, down by 20.1% month-over-month. Of the 278 sold homes, 37% were sold under asking, 29% were sold at asking, and 35% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 17 Days | 26 Days | +54.0% |
Summary: Homes in Fresno had an average of 26 days on market in Sep 2024, up by 54% compared to last year.
Breakdown of Home Sale Times
197 Homes Were Sold
Under 30 Days
72 Homes Were Sold
In 30 - 90 Days
10 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 September 2024, 279 homes were sold in Fresno; 71% of homes were sold within 30 days, 26% 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.