Is Fresno, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Fresno has remained a Seller's Market.
Housing Prices in Fresno, CA
How much do homes in Fresno, CA cost?
Median Sold Price
$384,129
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fresno was $384,129 in March 2024, up 1.1% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $152.5K | $175K | +14.8% |
2 Bedrooms | $250K | $260.4K | +4.2% |
3 Bedrooms | $369.9K | $371.3K | 0.4% |
4 Bedrooms | $470.1K | $475K | +1.0% |
5+ Bedrooms | $550.9K | $541.7K | -1.7% |
Summary: Fresno housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
Clovis | $484.5K | $495K | +2.2% |
Fresno | $380.1K | $384.1K | +1.1% |
Madera Southeast | $505K | $509.4K | +0.9% |
Housing Supply in Fresno, CA
How many homes are available in Fresno, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,095 | 1,173 | +7.1% |
Summary: The Fresno real estate market had 1,173 homes for sale in March 2024, a 7.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 14 | -12.5% |
2 Bedrooms | 163 | 171 | +4.9% |
3 Bedrooms | 538 | 579 | +7.6% |
4 Bedrooms | 255 | 273 | +7.1% |
5+ Bedrooms | 123 | 136 | +10.6% |
Summary: The Fresno housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 10.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
264 | 306 | +15.9% |
Asking Price vs. Sold Price
117 Homes Were Sold
Under Asking
63 Homes Were Sold
At Asking
126 Homes Were Sold
Over Asking
Summary: A total of 306 homes were sold or pending in Fresno in March 2024, up by 15.9% month-over-month. Of the 306 sold homes, 38% were sold under asking, 21% were sold at asking, and 41% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 31 Days | -7.1% |
Summary: Homes in Fresno had an average of 31 days on market in Mar 2024, down by 7.1% compared to last year.
Breakdown of Home Sale Times
209 Homes Were Sold
Under 30 Days
63 Homes Were Sold
In 30 - 90 Days
34 Homes Were Sold
Over 90 Days
Summary: During March 2024, 306 homes were sold in Fresno; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.