Top Real Estate Agents in Fresno, California

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2023 Fresno, California Housing Market Summary

Fresno, California started 2023 with a total of 535 single-family homes on the market, with a median home price of $409,900 and an average price per square foot of $252. By the end of the year, inventory had decreased to 520 homes on the market (-2%), with a median home price of $430,000 (+4%) and an average price per square foot of $277 (+9%).

At the start of 2023, the median days on market (DOM) was 56 days – by the end of the year, median DOM had remained the same at 56 days.

Fresno started the year with 40% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 28% of Fresno homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Fresno started 2023 as a seller’s market, with an MAI score of 44; by the end of the year, the MAI had dropped to 34 – a balanced buyer and seller’s market.

This market summary is powered by Altos Research – click here to run a free report for your area.

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