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 March 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

$405,141

$244/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$5,142(+1.3%)

Key Takeaway

Homes in Fresno County have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in Fresno County was $405,141 in March 2024, up 1.3% from last year, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $154.7K$182.5K
+17.9%
2 $255.4K$265.7K
+4.0%
3 $379.9K$384.7K
+1.2%
4 $495K$498.8K
+0.8%
5+ $593.9K$589.9K
-0.7%

Summary: Fresno County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 0.7%.

Median Sold Price Compared To Nearby Counties

Kings County
+3.7%
Madera County
+2.4%
Fresno County
+1.3%
Merced County
0.3%

Housing Supply in Fresno County, CA

How many homes are available in Fresno County, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,8692,010+7.5%

Summary: The Fresno County real estate market had 2,010 homes for sale in March 2024, a 7.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 2623
-11.5%
2 223239
+7.2%
3 888955
+7.5%
4 509549
+7.9%
5+ 223244
+9.4%

Summary: The Fresno County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.5%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 9.4%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
430481+11.9%

Asking Price vs. Sold Price

188 Homes Were Sold
Under Asking

111 Homes Were Sold
At Asking

182 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. 39.1% of homes here sold below asking price last month.

Summary: A total of 481 homes were sold or pending in Fresno County in March 2024, up by 11.9% month-over-month. Of the 481 sold homes, 39% were sold under asking, 23% were sold at asking, and 38% 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

Mar 2023Mar 2024CHANGE
37 Days32 Days-13.3%

Summary: Homes in Fresno County had an average of 32 days on market in Mar 2024, down by 13.3% compared to last year.

Breakdown of Home Sale Times

320 Homes Were Sold
Under 30 Days

106 Homes Were Sold
In 30 - 90 Days

55 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 March 2024, 481 homes were sold in Fresno County; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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 20 Days Ago

Newest Listings in Fresno County, CA

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