CA · Metro #57

Fresno - CA housing market

The Fresno metro has a typical home value of $409,800, up 0.9% from a year ago. Homes are moving fast at 19 days on market - a strong seller's market. 22% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$409,800
+0.9% vs. year ago
Median sale price
$410,243
+1.6% YoY
Median list price
$455,165
Sale-to-list ratio
98.8%
Selling below ask
Days on market
19d
Listings w/ price cut
22.1%
New listings / mo
661
+3.4% YoY
Homes for sale
2,078
+12.2% YoY
Typical rent
$1,998/mo
+2.5% YoY
Context

How to read this data

The typical home value ($409,800) is the Zillow Home Value Index for the Fresno - CA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 0.9% over the past year. In Fresno - CA, that means a home worth $406,145 last year is now worth roughly $409,800.

The median sale price , what homes actually close for , is $410,243. Homes are selling at 98.8% of list price, meaning buyers have room to negotiate.

Homes listed in Fresno - CA sit on the market for roughly 19 days before going pending. Shorter = seller's market; longer = buyer's market.

About 22.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 661 new listings hit the market each month in Fresno - CA. There are currently 2,078 homes for sale, up 12.2% from a year ago.

The typical monthly rent in Fresno - CA is $1,998, up 2.5% year over year. For investors, the price-to-rent ratio here is roughly 17x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in CA

MetroHome value1-yr changeDays on market
Los Angeles - CA$969,589 +-0.0% 19.0d
San Francisco - CA$1,145,541 -1.5% 14.0d
Riverside - CA$586,623 -1.1% 26.0d
San Diego - CA$943,055 -1.5% 16.0d
Sacramento - CA$581,956 -1.8% 12.0d
San Jose - CA$1,627,300 -1.6% 12.0d
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