Top Real Estate Agents in Fresno, California

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2022 Market Summary

Fresno, California started 2022 with a total of 253 single-family homes on the market, with a median home price of $425,000 and an average price per square foot of $260. By the end of the year, inventory had increased to 578 homes on the market (+128%), with a median home price of $416,300 (-2%) and an average price per square foot of $251 (-3%).

At the start of 2022, the median days on market (DOM) was 42 days – by the end of the year, median DOM had increased to 56 days.

Fresno started the year with 26% 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 41% of Fresno homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Fresno started 2022 as a strong seller’s market, with an MAI score of 66; by the end of the year, the MAI had dropped to 36 – a slight seller’s advantage.

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

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