Is Fresno, TX 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, TX
How much do homes in Fresno, TX cost?
Median Sold Price
$294,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fresno was $294,000 in March 2024, up 2.5% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | - | N/A |
2 Bedrooms | $194K | $90K | -53.6% |
3 Bedrooms | $269K | $267.2K | -0.7% |
4 Bedrooms | $305K | $300K | -1.6% |
5+ Bedrooms | $362.5K | $339K | -6.5% |
Summary: Fresno housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 53.6%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Cities
Missouri City | $328.2K | $359.2K | +9.4% |
Fresno | $286.7K | $294K | +2.5% |
Stafford-Missouri City | $325.2K | $324.8K | -0.1% |
Rosharon | $349.5K | $335.3K | -4.1% |
Housing Supply in Fresno, TX
How many homes are available in Fresno, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
61 | 72 | +18.0% |
Summary: The Fresno real estate market had 72 homes for sale in March 2024, a 18.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 21 | 22 | +4.8% |
4 Bedrooms | 37 | 46 | +24.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Fresno housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 24.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 14 | +75.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Fresno in March 2024, up by 75.0% month-over-month. Of the 14 sold homes, 43% were sold under asking, 50% were sold at asking, and 7% were sold over asking.
Days on Market for Fresno, TX
How long does it take to sell a home in Fresno, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 34 Days | -40.5% |
Summary: Homes in Fresno had an average of 34 days on market in Mar 2024, down by 40.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Fresno; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.