Fresno Real Estate Market Update

Fresno Real Estate Market Update

August 2025: The Market Finds Its Balance

The Big Picture: A Market in Transition

After years of pandemic-driven intensity, Fresno's housing market is finally catching its breath. While prices continue their upward climb with a median sales price of $420,000 (up 4.9% from last year), the frenzied pace of recent years has clearly cooled. This isn't a crash—it's a recalibration toward a healthier, more sustainable market dynamic.

What the Numbers Tell Us

Buyers Are Taking Their Time

• Homes now spend an average of 47 days on the market, nearly double last year's 24 days
• With 3.5 months of inventory available, buyers have more choices and less pressure to make rushed decisions
• Active listings have increased to approximately 1,543 properties, giving buyers real options

Prices Still Rising, But Moderately

• Median price per square foot reached $259, up 5.3% year-over-year
• Monthly price trends show slight decreases, signaling seller expectations are adjusting
• 322 homes closed in August, virtually unchanged from last year's 325

What Local Experts Are Saying

Carmen Jimenez Phillips, president of the Fresno Association of Realtors, captured the current moment perfectly: "Sellers are 'romanticizing' with prices of 2024 and things are changing... Because of affordability, our pool of buyers is a little bit smaller and so that means there's more properties available per buyer, and that brings opportunities."

This insight reveals the heart of today's market: more opportunities for buyers, but realistic pricing is essential for sellers.

The National Context

Fresno's transition mirrors nationwide trends. According to Realtor.com's August report, national inventory has grown for 22 consecutive months, with homes averaging 60 days on the market. This confirms we're witnessing a fundamental shift toward market balance, not just local fluctuations.

What This Means for You

If You're Buying:

• Take advantage of increased inventory and longer days on market
• You have more negotiating power than you've had in years
• Don't rush—properties aren't disappearing overnight anymore

If You're Selling:

• Price competitively from day one
• Expect your home to take longer to sell than in recent years
• Be prepared to negotiate—buyer demand is more selective

If You're Waiting:

• The market is stabilizing, not crashing
• Affordability remains challenging, but conditions are improving for buyers
• This balanced market offers the best opportunity for fair transactions we've seen in years

The Bottom Line

Fresno's housing market is maturing into something more sustainable. While the days of bidding wars and instant sales are largely behind us, solid fundamentals remain. Home values continue to appreciate at a healthy pace, and our market offers exceptional value compared to larger California metros.

This is what a healthy real estate market looks like: buyers with choices, sellers with realistic expectations, and transactions based on true market value rather than panic or FOMO.

Ready to navigate this evolving market? Whether you're buying, selling, or just staying informed, understanding these trends puts you ahead of the curve. The opportunities are there—you just need to know where to look.

All our best!