Is Fresno, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$293,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fresno was $293,000 in May 2024, down 0.7% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | - | N/A |
2 Bedrooms | $194K | - | N/A |
3 Bedrooms | $271.2K | $265.5K | -2.1% |
4 Bedrooms | $305.5K | $309K | +1.1% |
5+ Bedrooms | $365K | $335.2K | -8.2% |
Summary: Fresno housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 8.2%.
Median Sold Price Compared To Nearby Cities
Arcola | $299.9K | $322.6K | +7.6% |
Missouri City | $349K | $364.3K | +4.4% |
Rosharon | $338.1K | $340K | 0.5% |
Fresno | $295K | $293K | -0.7% |
Stafford-Missouri City | $330.3K | $328K | -0.7% |
Housing Supply in Fresno, TX
How many homes are available in Fresno, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
86 | 82 | -4.7% |
Summary: The Fresno real estate market had 82 homes for sale in May 2024, a 4.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 32 | 32 | 0.0% |
4 Bedrooms | 47 | 43 | -8.5% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Fresno housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 23 | +43.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Fresno in May 2024, up by 43.8% month-over-month. Of the 23 sold homes, 39% were sold under asking, 48% were sold at asking, and 13% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 35 Days | -24.2% |
Summary: Homes in Fresno had an average of 35 days on market in May 2024, down by 24.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in Fresno; 70% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.