Is Fresno, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$384,894
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fresno was $384,894 in April 2024, up 1.3% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $153K | $175K | +14.4% |
2 Bedrooms | $250.8K | $264.9K | +5.6% |
3 Bedrooms | $369.3K | $374.8K | +1.5% |
4 Bedrooms | $467.4K | $479.9K | +2.7% |
5+ Bedrooms | $550K | $540.2K | -1.8% |
Summary: Fresno housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Cities
Clovis | $480K | $499.9K | +4.1% |
Madera Southeast | $500K | $515.4K | +3.1% |
Fresno | $380K | $384.8K | +1.3% |
Housing Supply in Fresno, CA
How many homes are available in Fresno, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,170 | 1,236 | +5.6% |
Summary: The Fresno real estate market had 1,236 homes for sale in April 2024, a 5.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 20 | +33.3% |
2 Bedrooms | 165 | 161 | -2.4% |
3 Bedrooms | 584 | 602 | +3.1% |
4 Bedrooms | 268 | 299 | +11.6% |
5+ Bedrooms | 138 | 154 | +11.6% |
Summary: The Fresno housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 11.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
335 | 302 | -9.9% |
Asking Price vs. Sold Price
107 Homes Were Sold
Under Asking
66 Homes Were Sold
At Asking
129 Homes Were Sold
Over Asking
Summary: A total of 302 homes were sold or pending in Fresno in April 2024, down by 9.9% month-over-month. Of the 302 sold homes, 35% were sold under asking, 22% were sold at asking, and 43% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 29 Days | -20.8% |
Summary: Homes in Fresno had an average of 29 days on market in Apr 2024, down by 20.8% compared to last year.
Breakdown of Home Sale Times
213 Homes Were Sold
Under 30 Days
65 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During April 2024, 302 homes were sold in Fresno; 71% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.