Fresno, CA
Housing Market
Fresno's housing market is dynamic, with home prices and demand constantly shifting. Houzeo's housing market report monitors these fluctuations, providing real-time insights into Fresno's supply and demand trends. Our report equips you with all the information you need to make well-informed decisions.
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Buy or SellFresno Housing Market Overview
The Fresno real estate market offers a variety of housing options, from charming, established neighborhoods to newer, master-planned communities. Whether you're a first-time buyer, a family, or an investor, Fresno provides an accessible entry point into California living. Recent growth in the market highlights this appeal, with the median home price in February 2025 increasing by 7.2% YoY, reaching $412,675. Houses for sale in Fresno, CA, now stay on the market for an average of 34 days - 8 days more than last year. This suggests a slightly slower sales pace. Over time, Fresno has emerged as a more affordable alternative to California's coastal cities, offering budget-friendly housing, access to the state's amenities, and job opportunities.
Home sales in Fresno have experienced a moderate decline. In February 2025, 238 homes were sold, marking a 9.5% drop from last year, when 263 homes were sold. This decrease indicates a slight slowdown in buyer activity, even as home prices continue to appreciate. Despite this, Fresno's real estate market remains vital to the Central Valley economy. Fresno attracts buyers with its agricultural roots, growing healthcare and education sectors, and proximity to Yosemite National Park and the Sierra Nevada mountains. For sellers, the strong price appreciation creates favorable conditions, while buyers benefit from significantly better value than the high prices in coastal California markets.
Home sales in Fresno have experienced a moderate decline. In February 2025, 238 homes were sold, marking a 9.5% drop from last year, when 263 homes were sold. This decrease indicates a slight slowdown in buyer activity, even as home prices continue to appreciate. Despite this, Fresno's real estate market remains vital to the Central Valley economy. Fresno attracts buyers with its agricultural roots, growing healthcare and education sectors, and proximity to Yosemite National Park and the Sierra Nevada mountains. For sellers, the strong price appreciation creates favorable conditions, while buyers benefit from significantly better value than the high prices in coastal California markets.
Median Sale Price
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Fresno Housing Supply
Fresno presents attractive opportunities for real estate investors due to its strong appreciation potential and relatively affordable entry points. The number of houses for sale in Fresno has increased to 546 properties—a 12.3% YoY rise. Fresno, CA saw a slight 1.8% year-over-year reduction in new listings, with 319 properties added to the market. The housing supply currently stands at 2.3 months citywide, up 0.5 months from the previous year. While this indicates a seller's market (well below the balanced threshold of 5-6 months), the expanding inventory suggests improving buyer conditions.
Fresno's housing supply tends to follow seasonal trends, with more listings appearing in the spring and summer months. The city's appeal stems from its affordability and quality of life, with Fresno's cost of living being significantly lower than that of coastal California cities. Popular neighborhoods such as Woodward Park, Copper River, Old Fig Garden, and the Tower District offer a wide range of options, from newer luxury homes to historic properties full of character. Fresno's ongoing development in the north and northeast areas, the influence of California State University Fresno, and its central location in the San Joaquin Valley, all contribute to its rising appeal. These factors make Fresno attractive for buyers looking for value within California's competitive housing market.
Fresno's housing supply tends to follow seasonal trends, with more listings appearing in the spring and summer months. The city's appeal stems from its affordability and quality of life, with Fresno's cost of living being significantly lower than that of coastal California cities. Popular neighborhoods such as Woodward Park, Copper River, Old Fig Garden, and the Tower District offer a wide range of options, from newer luxury homes to historic properties full of character. Fresno's ongoing development in the north and northeast areas, the influence of California State University Fresno, and its central location in the San Joaquin Valley, all contribute to its rising appeal. These factors make Fresno attractive for buyers looking for value within California's competitive housing market.
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Fresno Housing Demand
The Fresno housing market continues to be competitive but with signs of moderation. In February 2025, 32% of homes sold above their list price, a decrease of 5.3 percentage points from last year. On the other hand, homes with price drops increased to 33.9% of all Fresno housing listings, up from 26.3% in February 2024. The sale-to-list price ratio decreased slightly to 98.5%, down 0.56 percentage points YoY. This means sellers are receiving slightly below their asking prices on average, a shift from the previous year's stronger position.
These metrics reveal a fundamentally competitive market with signs of stabilization. As a home seller in Fresno, strategic pricing has become increasingly important given the substantial increase in listings requiring price reductions. The declining percentage of above-list-price sales, increased days on market, and expanding inventory improve the negotiating opportunities for buyers. However, nearly a third of Fresno, CA, homes for sale still sell above the asking price, indicating continued competition for desirable homes.
These metrics reveal a fundamentally competitive market with signs of stabilization. As a home seller in Fresno, strategic pricing has become increasingly important given the substantial increase in listings requiring price reductions. The declining percentage of above-list-price sales, increased days on market, and expanding inventory improve the negotiating opportunities for buyers. However, nearly a third of Fresno, CA, homes for sale still sell above the asking price, indicating continued competition for desirable homes.
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Strong
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Balanced
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Strong
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Buyer’s Market
Seller’s Market
Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.
Fresno Market: When to Buy or Sell?
Fresno's housing market has historically shown patterns that are different from those of the coastal areas of the California real estate market. Increased affordability and strong potential for price appreciation are key factors driving these shifts. The current 2.3 months of supply remains below the balanced conditions of the US real estate market (5 to 6 months), indicating that sellers still have an advantage in Fresno.
For sellers, the 7.2% YoY price appreciation and relatively quick market absorption create favorable conditions for listing appropriately priced homes in Fresno. The fact that 32% of homes are selling above asking price highlights strong demand in certain market segments. The expanded inventory, reduced competition, and greater room for negotiation offer improved conditions for buyers. However, the city remains a seller's market in terms of supply. Despite the ongoing impact of interest rates on affordability, buyers can still benefit from the lower house prices in Fresno, CA, giving them more purchasing power.
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Frequently Asked Questions
How has the average home price in Fresno, CA, changed over the past year?
Over the past year, the median home price in Fresno, CA, has grown substantially. As of February 2025, the median home value reached $412,675, reflecting a 7.2% increase from the previous year. This appreciation rate outpaces many California markets. Not sure what your home's current value is? Use our free home value estimator to check your home's worth.
What is Fresno's housing market forecast for 2025?
The Fresno housing market is expected to continue appreciating throughout 2025. However, it would be at a more moderate pace than the current 7.2% YoY increase. With 2.3 months of supply still indicating a seller's market, dramatic price corrections are unlikely. Fresno's affordability, especially in comparison to coastal California cities, is likely to continue drawing buyers who want to stay within the state.
What's the median home price in Fresno, CA?
The average home price in Fresno, CA, varies based on the neighborhood, property type, and size. The median home price stands at $412,675, while single-family homes in premium areas like Copper River or North Fresno can exceed $425,000.
Is this a good time to buy a house in Fresno, CA?
Current market conditions in Fresno present a mixed picture for potential buyers. While inventory has increased (up 12.3% YoY) and fewer Fresno, CA, homes are selling above the asking price, strong price appreciation and low months of supply indicate continued seller advantage. For those relocating from more expensive California markets, Fresno remains a relatively affordable option. To help time your investment, you can explore the latest housing market trends in Fresno.
How is the housing market in Fresno, CA, right now?
The Fresno housing market is showing strong price appreciation with a 7.2% YoY increase despite signs of decreasing competition. With 2.3 months of supply and expanding inventory (up 12.3% YoY), the market retains its fundamental strength. The 32% of homes selling above the asking price indicates continued competition for desirable properties.
When will the Fresno housing market shift?
The Fresno housing market forecast indicates early signs of balance, with growing inventory and easing competition. However, with only 2.3 months of supply and continued strong price appreciation, a major shift toward a buyer's market in 2025 seems unlikely. Fresno's relative affordability is expected to sustain demand, even with higher interest rates.
How to buy a house in Fresno, CA?
The process of buying a house in Fresno should begin with establishing a clear budget and securing mortgage pre-approval. Buyers should then search for homes for sale in Fresno and be prepared for competition on desirable Fresno houses.
How can I list my house for sale in Fresno, CA?
You can list your home for sale with a Flat Fee MLS California listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀
What is the average mortgage rate for buyers in Fresno?
The average mortgage rate for buyers in Fresno currently fluctuates between 6.43% and 7.02%. Actual rates depend on market conditions and the borrower's credit score. Unlike other California cities, Fresno's moderate home prices can make homeownership more accessible despite higher interest rates. Always check current rates with multiple lenders.
What is the cost of living in Fresno, CA?
The cost of living in Fresno is approximately 9% higher than the national average but about 21% lower than the California state average. Housing costs are substantially more affordable than coastal California cities, with the median price at $412,675. Other expenses like groceries, utilities, and transportation also tend to be lower than state averages, making Fresno an attractive option for those seeking California living on a more manageable budget.
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