Jason Farris

Fresno, CA

Single-Family Homes

CADRE #01999186



Fresno, CA

Sat Jul 20 2024
This week the median list price for Fresno, CA is $449,000 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has increased to 573. Click here to stay informed with the Fresno market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Fresno, CA

Sat Jul 20 2024
This week the median list price for Fresno, CA is $449,000 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has increased to 573. Click here to stay informed with the Fresno market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Fresno market.
Median List Price $449,000
Median Price of New Listings $447,500
Per Square Foot $256
Average Days on Market 67
Median Days on Market 35
Price Decreased 36%
Price Increased 3%
Relisted 6%
Inventory 573
Median Rent
Market Action 51
Strong Seller's Market

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$798,500 2,992 0.25 - 0.5 acre 4 3 27 11 17 42
$515,000 2,145 4,500 - 6,500 sqft 4 2.5 21 38 41 21
$398,000 1,550 4,500 - 6,500 sqft 3 2 48 35 33 21
$299,900 1,176 6,500 - 8,000 sqft 3 1 76 19 42 35